Studds Accessories Q3 FY26 Earnings Call Transcript Released
Studds Accessories Limited released its Q3 FY26 earnings call transcript. Consolidated revenue grew 9.4% YoY to ₹163 crore, with PAT up 26.3% to ₹20.7 crore. Nine-month revenue increased 7.5% to ₹466.7 crore, and PAT rose 23.9% to ₹61.6 crore. The company is expanding capacity to 12.5 million units by FY28 with an outlay of ₹155 crore. International operations in Spain are set to begin in Q1 FY27.
The announcement primarily provides a transcript of an earnings call, which details financial performance and future strategies. While the financial results show positive growth, the information is retrospective and serves to inform investors rather than introduce a significant new development that would drastically alter the company's short-term outlook.
The company reported positive year-over-year growth in revenue, EBITDA, and PAT for both the quarter and the nine-month period. Management also discussed strategic expansion plans, capacity enhancements, and international market entry, indicating a positive outlook.
Studds Accessories Limited has released the transcript of their Earnings Conference Call for Analysts and Investors, held on Monday, February 02, 2026. The call focused on the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025.
During the call, management discussed the company's operational strategy, emphasizing brand-led demand creation, efficient manufacturing, and disciplined execution. Investments in digital systems and R&D for product development were highlighted, with a focus on global safety certifications and evolving consumer preferences. The company noted that a 1.5 million unit capacity expansion for helmets and boxes has been deferred by one quarter due to construction restrictions, but has optimized existing processes to add 5 lakh units annually, bringing the total installed capacity to 9.5 million units.
Financially, for Q3 FY26, consolidated revenue stood at ₹163 crore, a 9.4% year-over-year increase, with gross margins improving to 61.4%. EBITDA grew by 20.1% to ₹30.7 crore, and Profit After Tax (PAT) increased by 26.3% to ₹20.7 crore. For the nine months ended December 31, 2025, consolidated revenue was ₹466.7 crore (up 7.5%), EBITDA was ₹90.9 crore (up 18.5%), and PAT was ₹61.6 crore (up 23.9%).
The company also provided an update on its international expansion, with commercial operations expected to commence from its wholly-owned subsidiary in Spain in Q1 FY27. This move is aimed at enhancing proximity to European customers and improving competitiveness. The management anticipates an advantage from the proposed India-EU free trade agreement, potentially reducing customs duties significantly.
Discussions also covered average selling prices (ASP), with a target to increase the blended ASP to over ₹800 in FY27. The company highlighted the growth potential in the premium segment in India and discussed the competitive landscape in both domestic and European markets. The planned capacity expansion will increase total capacity to 12.5 million units by FY28, with a capital outlay of approximately ₹155 crore.
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Studds Accessories Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Studds Accessories Limited. Read the original for the full detail.