Studds Accessories Ltd

Net profit of Studds Accessories rose 17.90% to Rs 20.62 crore in the quarter ended September 2025 as against Rs 17.49 crore during the previous quarter ended September 2024. Sales rose 6.47% to Rs 154.44 crore in the quarter ended September 2025 as against Rs 145.05 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales154.44145.05 6 OPM %19.3318.39 - PBDT32.4929.12 12 PBT27.2323.82 14 NP20.6217.49 18 Powered by Capital Market - Live

Profit before tax (PBT) jumped 14.32% YoY to Rs 27.22 crore in Q2 FY26. EBITDA stood at Rs 29.9 crore in Q2 FY26, registering the growth of 12% compared with Rs 26.7 crore posted in corresponding quarter last year. EBITDA margin improved 19.3% in Q2 FY26 as against 18.4% in Q2 FY25. On half yearly basis, the company's consolidated net profit climbed 22.92% to Rs 40.86 crore on 6.42% increase in revenue from operations to Rs 303.65 crore in H1 FY26 over H1 FY25. Sidhartha Bhushan Khurana, managing director, said, 'In H1FY26, we delivered steady and improving financial performance. Revenue increased by 6.4% YoY to Rs 303.7 crore, while operating EBITDA grew by 17.9% YoY to Rs 60.2 crore, driven by superior product mix, operating leverage, higher efficiency, and disciplined cost management. These results underscore the inherent scalability and resilience of our business model. Demand across our core categories remained healthy, as reflected in the capacity utilisation of around 86% for two-wheeler helmets and boxes during H1FY26. To support sustained growth, we are progressing with capacity expansion, with the first phase of additional capacity of 1.5 Mn units expected to become operational by Q1FY27. This expansion will enhance our ability to service both domestic and export markets while providing headroom for future growth initiatives. In October, we entered into a strategic customer engagement with Decathlon, adding a marquee global brand to our customer portfolio. Under this engagement, we will serve Decathlon's India requirements for bicycle helmets and allied protective products. We are currently investing in new moulds, with commercial production expected to commence by the end of Q4FY26. In parallel, to enhance our international footprint and brand visibility, we are in process of establishing a new warehouse in Spain.' Studds Accessories is a manufacturer of two-wheeler helmets and motorcycle accessories based in Faridabad, Haryana, India. The company designs, manufactures, markets, and sells helmets under the 'Studds' and 'SMK' brands, while other accessories such as two-wheeler luggage, gloves, helmet locking devices, rain suits, riding jackets, and eyewear are sold under the 'Studds' brand. The counter rose 0.31% to Rs 556.75 on the BSE.Powered by Capital Market - Live

Studds Accessories will hold a meeting of the Board of Directors of the Company on 26 November 2025.Powered by Capital Market - Live

The stock was listed at Rs 570, reflecting a discount of 2.56% to the issue price. So far, the stock has hit a high of 585 and a low of 555.80. On the BSE, over 4.13 lakh shares of the company were traded in the counter so far. The initial public offer of Studds Accessories was subscribed 73.25 times. The issue opened for bidding on 30 October 2025 and it closed on 3 November 2025. The price band of the IPO is fixed between Rs 557 and 585 per share. The IPO is an offer for sale of 77,86,120 equity shares aggregating up to Rs 455.49 crore by existing shareholders, including Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, Chand Khurana, and others. The promoters were Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Shilpa Arora. The promoters and promoter group held an aggregate of 3,10,02,320 equity shares, representing 78.78% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding was expected to be around 61.75%. Studds Accessories is a manufacturer of two-wheeler helmets and motorcycle accessories based in Faridabad, Haryana, India. The company designs, manufactures, markets, and sells helmets under the 'Studds' and 'SMK' brands, while other accessories such as two-wheeler luggage, gloves, helmet locking devices, rain suits, riding jackets, and eyewear are sold under the 'Studds' brand. The company sells its products across India and exports to over 70 countries, including markets in the Americas, Asia (excluding India), Europe, and other regions. The Studds brand, established in 1975, serves the mass and mid-market segments in India and certain countries in Asia, Latin America, Central America, and Africa. As of August 31, 2025, two-wheeler helmets under the Studds brand are priced between Rs 875 and Rs 4,000 in India. The SMK brand, launched in 2016, caters to the premium motorcycle segment in India and the mid-market segment in Europe. SMK helmets are sold in India at prices ranging from Rs 3,000 to Rs 12,800. In Q1 FY26, the Distributor Network and EBO contributed 54.98% to total sales, OEMs 11.81%, E-commerce 4.75%, Government channels 3.95%, Exports 22.22%, and Other 2.29%. Ahead of the IPO, Studds Accessories, on 29 October 2025, raised Rs 136.64 crore from anchor investors. The board allotted 23.35 lakh shares at Rs 585 each to 10 anchor investors. The firm reported a consolidated net profit of Rs 20.25 crore and sales of Rs 149.18 crore for the three months ended on 30th June 2025.Powered by Capital Market - Live

The equity shares of Studds Accessories (Scrip Code: 544599) are listed effective 7 November 2025 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. At 09:19 IST, the pre-open indicative price was at a premium of 7.69% to the offer price of Rs 585. Powered by Capital Market - Live