Studds FY26 Revenue Rises 8.6% to ₹634 Cr; PAT Up 18.7% to ₹82.7 Cr
Studds Accessories Limited reported FY26 revenue of ₹634 crore (up 8.6% YoY) and PAT of ₹82.7 crore (up 18.7% YoY). EBITDA grew 16.4% to ₹122.2 crore with margins at 19.3%. Q4 FY26 revenue was ₹167.5 crore. The company is expanding capacity by 3 million helmets, reaching 12.5 million annually by Q2 FY27. Alpinestars is being onboarded.
The strong financial performance, coupled with substantial capacity expansion plans and strategic brand onboarding, indicates a significant positive impact on the company's future growth and market position.
The company has reported significant year-on-year growth in revenue, EBITDA, and PAT, along with margin improvements. Strategic initiatives like capacity expansion and onboarding a premium brand further bolster the positive outlook.
Studds Accessories Limited has reported a strong performance for the fiscal year ended March 31, 2026. Revenue from operations grew by 8.6% year-on-year to ₹634 crore. EBITDA increased by 16.4% to ₹122.2 crore, with EBITDA margins improving to 19.3%. Profit After Tax (PAT) saw a significant rise of 18.7% to ₹82.7 crore, resulting in a PAT margin of 13.0%.
The company's performance was driven by healthy growth in both domestic and export markets, attributed to an improved product mix, premiumisation initiatives, operational efficiencies, and strong brand acceptance. Despite an upward trend in raw material prices since March, Studds has implemented calibrated price hikes averaging 8-9% across its portfolio to mitigate cost pressures.
In terms of strategic initiatives, Studds is in the process of onboarding the premium riding gear brand Alpinestars under its private-label helmet segment. The company is also progressing with its capacity expansion plans. Phase-I expansion of 1.5 million helmets per annum is expected to commence operations by Q2 FY27, with an additional 1.5 million helmets planned over the next 15-18 months. Upon completion, total installed capacity will increase by 30% over FY26 levels to 12.5 million helmets per annum.
For the fourth quarter of FY26, revenue from operations stood at ₹167.5 crore, an increase of 11.9% compared to Q4 FY25. EBITDA for the quarter was ₹31.3 crore, up 11.0% YoY, and PAT was ₹21.1 crore, a 6.1% increase YoY.
The company also highlighted its global expansion roadmap, including establishing a wholly-owned subsidiary in Europe to streamline logistics and enhance supply-chain efficiency. Studds is also manufacturing for leading global brands like Daytona and O'neal, serving customers in over 70 countries.
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Studds Accessories Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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