Earning Presentation pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and year ended March 31, 2026.
STUDDS · price
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Studds Accessories Ltd reported strong FY26 performance with revenue growing 8.6% YoY to Rs. 634.2 crore, EBITDA increasing 16.4% YoY to Rs. 122.2 crore with margins improving to 19.3% (vs 18.0% in FY25), and PAT rising 18.7% YoY to Rs. 82.7 crore with margins at 13.0%. Q4FY26 revenue was Rs. 167.5 crore (+11.9% YoY). Management highlighted premiumisation through SMK and Private Labels driving ~5% ASP growth, with export contribution rising to 20.1% of total revenue. Capacity expansion is on track with Phase 1 adding 1.5 mn helmets by Q2FY27 and total capacity set to increase 30% to 12.5 mn helmets. The company is onboarding Alpinestars under private label and establishing a wholly-owned subsidiary in Italy (Europe operations) from Q2FY27. Net cash position with negative Net Debt/Equity of -0.13.
Margin improvement to 19.3% EBITDA demonstrates successful premiumisation and cost management. Capacity expansion and export growth initiatives position the company for continued double-digit earnings growth.