Studds Q3FY26: Revenue up 9.4% to ₹163 Cr, PAT surges 26.3% to ₹20.7 Cr
Studds Accessories reported Q3 FY26 revenue of ₹163 Cr, up 9.4% YoY. PAT surged 26.3% to ₹20.7 Cr. For 9MFY26, revenue grew 7.5% to ₹466.7 Cr and PAT increased 23.9% to ₹61.6 Cr. Capacity expansion deferred by one quarter. WOS in Spain to commence operations in Q1FY27.
The announcement details significant financial growth, improved margins, and strategic business developments, including international expansion and production optimization, which are material to investors and the company's future prospects.
The company has reported strong year-on-year growth in revenue and profit for both the quarter and nine-month period. Improved margins, strategic international expansion plans, and efforts to optimize production capacity contribute to a positive outlook.
Studds Accessories Limited, India's largest two-wheeler helmet manufacturer, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
For the third quarter of FY26, the company reported a revenue from operations of ₹163 crore, a 9.4% increase compared to ₹149 crore in the same period last year. EBITDA grew by 20.1% to ₹30.7 crore, with an improved EBITDA margin of 18.8% from 17.2% in Q3FY25. Profit After Tax (PAT) saw a significant jump of 26.3%, reaching ₹20.7 crore from ₹16.4 crore in the prior year, with the PAT margin improving to 12.7% from 11.0%.
For the nine-month period ended December 31, 2025, revenue from operations increased by 7.5% YoY to ₹466.7 crore. EBITDA for the period was ₹90.9 crore, up 18.5% YoY, and PAT rose by 23.9% to ₹61.6 crore. The EBITDA margin for the nine months stood at 19.5% and the PAT margin at 13.2%.
Sidhartha Bhushan Khurana, Managing Director, highlighted that revenue growth was driven by steady demand across core product categories. Gross margins expanded due to favorable raw material prices and improved procurement efficiency. Other expenses increased in Q3FY26 due to higher advertising and marketing spends for participation in marquee events like IBW and EICMA. The company has deferred its 1.5 million unit capacity expansion by one quarter due to pollution-related construction restrictions but has optimized production processes to add an additional 5 lac units annually. The incorporation of a wholly-owned subsidiary in Spain is progressing, with commercial operations expected to commence in Q1FY27, supported by the India-EU free-trade agreement for long-term export-led growth.
Studds Accessories Limited is India's largest two-wheeler helmet manufacturer with an installed capacity of 9.58 million helmets and boxes across four manufacturing units. The company offers over 240 designs and 19,000+ SKUs and has a distribution network across India and serves 70+ international markets.
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