Synopsis: The shares of this automobile accessories company were in the news today following the announcement of its results with growth in performance metrics as well as other operational highlights.
The shares of this company, which is the largest two-wheeler helmet manufacturer in India by revenue and the world’s largest by volume, had its shares in the limelight today after announcing its Q2 results. Let us see how well the company has performed and what its future course of action is.
With a market cap of Rs 2,154 crore, the shares of Studds Accessories Ltd gained 2.33 percent, reaching a high of Rs 568 in today’s trading session when compared to its previous day closing price of Rs 555.05. The shares are trading at a PE of 29.5, whereas the industry PE is 31.3.
Q2 FY26 Result highlights.
The revenue from operations for the company stood at Rs 154.4 crore when compared to Rs 145 crore in Q2 FY25, growing by about 6.5 percent on a YoY basis and on a QoQ basis increasing by 3.6 percent from Rs 149 crore in Q1 FY26.
The PAT grew by about 18 percent on a YoY basis when you compare the Q2 FY26 profit at Rs 20.6 crore to Rs 17.5 crore in Q2 FY25 and on a QoQ basis has increased by 2 percent from Rs 20.2 crore in Q1 FY26.
The company is gearing up for its next phase of growth with several operational improvements. It is expanding its two-wheeler helmet and box capacity by 1.5 million units, with the first phase expected to be up and running by Q1FY27. A major boost this year is the onboarding of Decathlon as a new customer, opening doors to supply bicycle helmets and related products in India.
To serve international markets better, the Board has cleared a plan to set up a new warehouse in Spain, which will improve delivery speed and support a wider product range in Europe. On the production front, operations are running efficiently, with utilization levels at around 86% for helmets and boxes, 84% for EPS, and 64% for water decals in H1 FY26. The company has also opened a new IT office in Gurugram to strengthen its tech capabilities and support future digital initiatives.
The company has given decent performance, showcasing gradual growth, its operational highlights states several growth and expansion plans, its actual implementation and results will be visible in the upcoming quarters.
Studds Accessories Limited is India’s largest maker of two-wheeler helmets and a well-known global brand in motorcycle gear. With four modern, fully integrated plants and a capacity of over 9 million helmets and boxes, the company is built for scale and consistent quality. Its portfolio is one of the widest in the industry, offering 240+ designs and 19,000+ SKUs created by an in-house team focused on safety, comfort, and style.
Studds reaches customers through 360+ distributors in India and exports to more than 70 countries. With over 50 years of experience, the company continues to lead by innovating and developing safer, better products for riders worldwide.
Written by Leon Mendonca.
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