Studds Accessories Limited (STUDDS) Financial Results — Revenue ₹6,301.85 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

Investor Takeaways

Revenue grew 8.1% YoY to ₹6,301.85 Cr

Profit before tax surged 62.5% YoY to ₹1,131.21 Cr

Dividend proposed at ₹3 per share (60% payout)

CFO transition: Manish Mehta stepped down, Bharat Goyal appointed effective July 1, 2026

ESOP scheme adopted with 2,97,381 options (0.75% of equity)

⚠️ Shareholder approval required for both dividend and ESOP scheme at upcoming AGM

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹6,301.85 Cr	8.1%
Net Profit	₹837.53 Cr	62.5%
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

The company reported robust financial performance for FY2026, with revenue increasing 8.1% to ₹6,301.85 Cr and profit before tax rising 62.5% to ₹1,131.21 Cr compared to FY2025 figures of ₹5,839.51 Cr and ₹696.43 Cr respectively. A dividend of ₹3 per share (60% payout) was proposed, reflecting improved profitability. The board approved the appointment of Bharat Goyal as the new CFO, effective July 1, 2026, succeeding Manish Mehta who stepped down. Additionally, the ESOP scheme was adopted, allowing up to 2,97,381 options (0.75% of equity) at 85% of pre-grant price, pending shareholder approval at the upcoming AGM. The company also confirmed Deloitte Haskins & Sells LLP as internal auditors for FY2026-27. Total equity stood at ₹5,246.21 Cr with cash and cash equivalents at ₹702.74 Cr, providing a stable liquidity position.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Studds Accessories Limited	Not available	Not available	Not available	1,723.88
TVS Motor Company Limited	393.51	N/A	N/A	8,23,516
Maruti Suzuki India Limited	27.84	15.51%	19.82%	4,15,671.64
Mahindra & Mahindra Limited	22.17	20.41%	14.57%	3,88,366.49

Studds Accessories is trading at a significantly higher valuation multiple compared to Maruti Suzuki and Mahindra & Mahindra, though its profitability metrics are not directly comparable due to missing ROE and ROCE data. The company's market capitalization is substantially lower than the larger peers, indicating a smaller market presence despite strong recent profit growth.

Risks & Concerns

Shareholder approval required for dividend and ESOP scheme at upcoming AGM

Leadership transition with new CFO appointment effective July 1, 2026

No specific operational or financial risks detailed in the filing

Quarterly Trend

[Not applicable - Annual data only provided]

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Investor Takeaways

₹6,342.33 crores consolidated revenue reported for Q4 FY26

₹1,116.19 crores profit before tax recorded for the quarter and year ended 31 March 2026

₹3 per share dividend recommended (60% payout) pending shareholder approval

Management transition: Bharat Goyal appointed CFO effective July 1, 2026; Manish Mehta moved to Vice President – Taxation and Compliance

New internal auditors appointed; immaterial impact from new Labour Codes on employee benefits

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹6,342.33 Cr	N/A
Net Profit	₹1,116.19 Cr	N/A
EBITDA	Not available	N/A
EPS	Not available
OPM	Not available

What Changed

The filing reports consolidated revenue of ₹6,342.33 crores and profit before tax of ₹1,116.19 crores for the quarter and year ended 31 March 2026. A dividend of ₹3 per share (60% payout) was recommended pending shareholder approval. Management changes included the appointment of Bharat Goyal as CFO effective July 1, 2026, and Manish Mehta's transition to Vice President – Taxation and Compliance. The company also appointed new internal auditors and noted immaterial impact from new Labour Codes on employee benefits. Audited financials are available on stock exchange websites.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
STUDDS	Not available	Not available	Not available	1,723.88
TVS Motor Company Limited	393.51	N/A	N/A	8,23,516
Maruti Suzuki India Limited	27.84	15.51%	19.82%	4,15,671.64
Mahindra & Mahindra Limited	22.17	20.41%	14.57%	3,88,366.49

STUDDS has a significantly lower market capitalization compared to peers, with no available P/E, ROE, or ROCE metrics in the provided data.

Risks & Concerns

No specific risks identified in the filing

New Labour Codes may impact employee benefits, though impact is described as immaterial

Management transitions could introduce execution risks, though no operational concerns were highlighted

Quarterly Trend

[Not available in provided data]

3 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Studds Accessories reported FY26 revenue of Rs. 634.2 crore, up 8.6% YoY, with PAT rising 18.7% to Rs. 82.7 crore and EBITDA up 16.4% to Rs. 122.2 crore.

🔄 What Changed
Revenue grew 8.6% YoY to Rs. 634.2 crore; PAT increased 18.7% YoY to Rs. 82.7 crore; EBITDA rose 16.4% YoY to Rs. 122.2 crore; EBITDA margin improved to 19.3% from 18.0%; gross profit margin expanded to 59.6% in Q4FY26; capacity increased by 30% to 12.5 million helmets annually by FY27.

🔮 What's Next
Capacity expansion of 1.5 million helmets in Phase I to be operational by Q2FY27; additional 1.5 million capacity planned over next 15-18 months; operations in Europe to commence from Q2FY27; onboarding of Alpinestars under private-label helmets; price hikes of 8-9% implemented to offset raw material cost pressures.

💡 Investor Takeaway
Studds is scaling capacity and premium product mix to capture export growth and margin expansion, with international operations launching in Europe by Q2FY27 to drive sustainable profitability.

Studds Accessories reported FY26 revenue of Rs. 634.2 crore, up 8.6% YoY, with PAT rising 18.7% to Rs. 82.7 crore and EBITDA up 16.4% to Rs. 122.2 crore, driven by premiumisation and export growth. EBITDA margin improved to 19.3% from 18.0% YoY, while gross profit margin expanded to 59.6% in Q4FY26. The company announced a 30% capacity increase to 12.5 million helmets annually by FY27 through phased expansions, including a new facility in Italy and onboarding of Alpinestars under private-label helmets. Export realisation rose due to geographic diversification, with operations planned in Europe from Q2FY27. Raw material cost pressures prompted 8-9% price hikes across channels, but sourcing remains stable. The board highlighted sustained growth through product innovation, global brand building, and capacity scaling to capture premium market opportunities.

4 Financial Results 🔴 High Importance Neutral 📄 PDF

Revenue: ₹634.2 CrNet Profit: ₹82.7

📢 Key Event
Studds Accessories declared FY26 consolidated financial results with revenue of ₹634.2 crores and PAT of ₹82.7 crores

🔄 What Changed
Revenue grew 8.6% YoY to ₹634.2 crores; PAT increased 18.7% YoY to ₹82.7 crores; EBITDA rose 16.4% YoY to ₹122.2 crores; EBITDA margin improved to 19.3%

🔮 What's Next
Capacity expansion to 12.5 million helmets annually by Q2FY27; onboarding Alpinestars as private-label brand; European expansion starting Q2FY27

💡 Investor Takeaway
Shareholders see growth in profitability and capacity supporting long-term margin expansion and international revenue diversification

Studds Accessories reported consolidated revenue of ₹634.2 crores for FY26, up 8.6% YoY, with PAT rising 18.7% to ₹82.7 crores and EBITDA up 16.4% YoY to ₹122.2 crores. EBITDA margin improved to 19.3% from 18.0% in FY25. The company announced 8-9% price hikes to counter rising input costs and plans capacity expansion to 12.5 million helmets annually by FY27, adding 30% capacity over FY26 levels. Forward-looking statements highlight growth through premiumization, international expansion into Europe, and onboarding of Alpinestars as a private-label brand partner.

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About Studds Accessories Limited (STUDDS)

Automobile and Auto Components · Auto Components · Listed on NSE

Market Cap: ₹1,723.88 Cr

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🔥 Also filed on 23 May 2026

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Studds Accessories Limited (STUDDS) — Financial Results(4 announcements)

Investor Takeaways

Key Financial Highlights

What Changed

Peer Comparison

Risks & Concerns

Quarterly Trend

Investor Takeaways

Key Financial Highlights

What Changed

Peer Comparison

Risks & Concerns

Quarterly Trend

About Studds Accessories Limited (STUDDS)

📡 Get AI alerts when STUDDS files next

💡 Ask AI about this filing

📊 More STUDDS filings

🔥 Also filed on 23 May 2026