ScoutQuest31 Oct 2026
Studds Accessories544599Quarterly results

Studds Accessories Ltd press release, Q2 FY27

Commercial production began at the new facility on 30 Oct'26, adding 1.5 mn units a year of helmet and box capacity.

By ScoutQuest · · 1 min read

12.0%
Q2 FY2712.4%H1 FY2712.0%
EBITDA margin: 12.4% (Q2 FY27) and 12.0% (H1 FY27).
PAT margin, Q2 FY27
fell to 8.1% from 13.4% in Q2 FY26
Q2 FY27 EBITDA
fell 23.7% YoY to Rs. 22.8 crore and the EBITDA margin to 12.4% (down from 19.3% in Q2 FY26)
New facility capacity
Commercial production began at the new facility on 30 Oct'26, adding 1.5 mn units a year of helmet and box capacity
Release
Results press release
Period
Q2 FY27

_Consolidated · Q2 FY27 & H1 FY27 & FY27_

📉 PAT margin, Q2 FY27: fell to 8.1% from 13.4% in Q2 FY26

🔬 The company incorporated a wholly owned subsidiary in Italy to establish a warehousing and distribution hub and strengthen its European market presence. Studds also started in-house manufacturing of riding jackets, with Bluetooth-enabled communication systems to be launched in November 2026.

🌍 Management says it remains firmly on course towards a medium-term aspiration of ₹1,000 crore in revenue, with exports contributing 25% to 30%, and sees opportunity across the US, Europe and Latin America.

📌 Q2 FY27 EBITDA fell 23.7% YoY to Rs. 22.8 crore and the EBITDA margin to 12.4% (down from 19.3% in Q2 FY26) from 19.3%, as styrene-based input costs rose steeply; the company says calibrated price increases only partly offset the impact.

📈 Management says a sustained recovery in margins will depend on raw material prices stabilising, with calibrated price increases only partly offsetting the impact.

📊 PAT margin narrowed to 8.1% in Q2 FY27 from 13.4% a year earlier.

More numbers
  • Net revenue from operations, Q2 FY27183.1 (Rs. Cr)
  • Profit after tax, Q2 FY2714.7 (Rs. Cr)
  • Net revenue from operations, H1 FY27352.8 (Rs. Cr)
  • Profit after tax, H1 FY2727.0 (Rs. Cr)
  • EBITDA, Q2 FY2722.8 (Rs. Cr)
  • EBITDA margin, Q2 FY2712.4%
  • EBITDA margin, H1 FY2712.0%
  • PAT margin, Q2 FY278.1%
  • Annual capacity added, new facility1.5 mn p.a units
  • Export ASP, H1 FY27~₹2,000
  • SMK ASP, H1 FY27~₹2,900
  • Medium-term revenue aspiration₹1,000 crore
Source: BSE · 31 Oct 2026

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