Studds Accessories Limited — Investor Meet, 14-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

STUDDS Accessories Limited held an earnings conference call to discuss Q1 FY27 results. Management provided insights on the challenging global environment and the Indian market's resilience, highlighting structural opportunities in the two-wheeler ecosystem and increasing safety awareness. The call also covered the impact of rising raw material prices, pricing strategies, and upcoming initiatives including capacity expansion, new product launches, and international market development in Italy and Germany.

The company reported a 13.7% YoY revenue growth to INR169.7 crore for Q1 FY27, though EBITDA margins were impacted by raw material cost increases. Management projects EBITDA margins to recover to 14-15% in Q2 FY27 and reach 18-20% by Q4 FY27. Key growth drivers include additional helmet capacity expected from September/October, commercial production with Decathlon starting in October, and the Italian operations to enhance European reach. Product innovation includes new helmet models and the development of Bluetooth communication systems and riding jackets. The company aims to build multiple growth engines and expand its export business from 21% to 30% of revenue. Management expects FY27 standalone revenue growth of high teens, with FY28 projected to see mid to high teens growth driven by volume and price realization. The Italian operations are anticipated to contribute positively to revenue from FY28 onwards, with initial losses expected to be contained. The management tone is confident, emphasizing strategic initiatives to drive future growth.