Studds Accessories Limited has cancelled its in-person meeting with analysts and institutional investors scheduled for September 29, 2026, in Mumbai. The company cited business exigencies as the reason for the withdrawal of the previously announced event.

Cancellation Details

The intimation regarding the cancellation was issued on September 25, 2026, referencing the earlier announcement dated September 19, 2026. The session was originally planned to run from 9:00 am to 5:00 pm and was to feature both one-on-one and group interactions.

Disclosure Framework

The cancellation notice was filed pursuant to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Asha Mittal, Company Secretary and Compliance Officer, signed the disclosure. The information is available on the company's website under the Investor Relations section.

Prior to the cancellation, the company had noted that no unpublished price-sensitive information would be discussed during the interactions. All discussions were to be strictly based on publicly available information, including the Q1FY27 Investor Presentation already uploaded to its website.

Studds Accessories Limited reported a year-on-year rise in net profit to ₹82.7 crore for FY26, up from the prior fiscal year. The helmet manufacturer also logged total revenue of ₹634.2 crore, reflecting steady growth in its core business segments.

The company disclosed these figures in an investor presentation displayed during its 44th Annual General Meeting on September 5, 2026. Management highlighted disciplined growth across brands, markets, and capacity as key drivers for the period.

Financial Performance

Revenue grew by 8.6% year-on-year to reach ₹634.2 crore. EBITDA expanded at a faster pace, rising 16.4% to ₹122.2 crore. Profit before tax (PBT) increased by 17.5% to ₹111.6 crore, while PAT climbed 18.7%.

Return on capital employed (ROCE) improved slightly to 20.4% from 20.1% in FY25. The company maintained a debt-free balance sheet with tight working capital management.

Revenue Mix and Export Growth

Studds helmets accounted for 74.1% of total revenue in FY26, down from 78.6% in FY25. The premium brand SMK saw its share rise to 15.7% from 11.8%, indicating a shift toward higher-margin products. Private labels contributed 3.1%, while other accessories made up 7.0%.

Geographically, domestic sales constituted 79.9% of revenue, down from 83.5% in FY25. Export revenue share rose to approximately 20% from 16.75% in the previous year. The USA emerged as the largest export market, contributing 37.2% of export revenue, followed by Europe at 29.2%.

What the Numbers Show

EBITDA grew nearly twice as fast as revenue (16.4% vs 8.6%), driven by the higher contribution from the SMK brand, which carries margins approximately 10 percentage points above the core Studds line. This mix shift suggests improving operating leverage despite modest top-line growth.

Capacity and Future Plans

The company reported production volume of 8.27 million units against sales volume of 8.13 million units for helmets and boxes. Capacity utilization stood at 89% for the main manufacturing facility.

Studds is expanding its installed capacity through Facility V in Faridabad, Haryana. Phase I, with a planned capacity of 1.5 million units, is expected to be operational by Q2FY27. The total planned capacity for the new facility is 3 million units, aiming to increase overall installed capacity from ~9.5 million to 12.5 million units.

Strategic Initiatives

Management outlined four growth engines: premiumisation via the SMK brand, deeper market penetration in exports, capacity expansion, and long-term diversification into riding gear and smart-safety platforms. The company aims for medium-term revenue ambition exceeding ₹1,000 crore.

In CSR activities, Studds spent its entire obligation of ₹1.46 crore during FY26 on health, education, and environmental conservation projects. The company declared a dividend payout of 60%, with ₹3 per equity share.