| Management target | Revenue 18.0% FY28 |
|---|
| Revenue growth | 13.7% YoY growth driven by 1.95 million units sold. |
|---|---|
| Margins | EBITDA margin fell to 11.5%; recovery to 20% expected by Q4. |
| Demand visibility | Strong domestic two-wheeler demand and export market expansion. |
| Management confidence | Balanced; focus on structural recovery and new category launches. |
Growth
13.7% YoY revenue growth was volume-led (8.5%) despite inflationary headwinds and temporary margin pressure.
Outlook
EBITDA margins targeted at 14-15% for Q2, returning to 18-20% by Q4 FY27.
Risks
Continued raw material volatility and delayed pass-through to OEMs/CSD channels remain short-term margin risks.
Last quarter's promises, checked
Delivered
- Guided 17-18% revenue growth → delivered 13.7% (= MISS)
- Guided price hikes of 8-9% → delivered 9% hike implemented (= BEAT)
- Guided Decathlon supplies start July 2026 → delivered production start Oct (= PARTIAL)
Partly delivered
- Guided 12M unit capacity by FY28 → delivered 81% utilization on current base (= PARTIAL)
Missed
- Guided EBITDA margins broadly similar to 19.3% → delivered 11.5% (= MISS)
Earnings Call Transcript filed with NSE, NSE: STUDDS. Summary written with AI assistance from the document.
Studds Accessories Ltd: key numbers
- Share price
- ₹417.60
- Market cap
- ₹1,643 Cr
- Revenue (annual)
- ₹634.2 Cr
- Net profit (annual)
- ₹82.65 Cr
- P/E (TTM)
- 22.0×Sector 32.1×
- Promoter holding
- 61.75%+0.00% QoQ
- FII holding
- 1.48%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Studds Accessories Ltd
All →Studds Accessories Other Announcement
Studds Accessories Limited has cancelled the Analysts and Institutional Investors meetings previously scheduled for September 29, 2026, due to business exigencies.
Studds Accessories Price Movement Clarification
Studds Accessories responded to an NSE surveillance query on a volume spurt, stating no undisclosed material information exists. The company attributed the movement to ordinary market conditions.
Studds Accessories Promoter Buying: ₹0.69 Cr
Sidhartha Bhushan Khurana, a promoter and director of Studds Accessories, purchased 16,609 shares worth ₹0.69 Crore via market purchase.
- Value
- ₹0.69 Cr
- Promoter stake change
- +0.05%
Studds Accessories Annual General Meeting
Studds Accessories Limited held its 44th Annual General Meeting on September 05, 2026, where members considered financial statements, dividend declaration, and employee stock option schemes.
Studds Accessories Management Change
Mr. Manish Mehta, Vice President- Taxation & Compliance and Senior Management Personnel, has resigned from the company effective August 27, 2026.
Studds Accessories Other Announcement
Studds Accessories Limited has completed the dispatch of letters to shareholders containing the weblink to access the Annual Report for FY 2025-26 and AGM notice.