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Here's a summary of Studds Accessories Ltd.'s recent performance and outlook, presented in an investor-friendly style:
**1. Business Performance:**
Studds reported a robust FY26 with revenue growing 8.6% YoY to ₹634 Cr. This growth was fueled by a healthy increase across both domestic and export markets. Profitability also saw significant improvement, with PAT rising 18.7% YoY to ₹82.7 Cr. This strong performance was driven by a better product mix, successful premiumisation efforts, and operational efficiencies.
**2. Growth Drivers or Strategy:**
The company is focusing on premiumisation, evidenced by an increasing mix of premium helmets and expansion into export markets for higher realizations. Product innovation with advanced features and strengthening the distribution network are also key strategies.
**3. Recent Developments:**
Studds is onboarding the globally recognized premium brand Alpinestars under its private-label helmet segment. Capacity expansion is on track, with Phase I of 1.5 million helmets expected by Q2FY27, and an additional 1.5 million planned over the next 15-18 months, increasing total capacity by 30% to 12.5 million helmets.
**4. Key Financial Metrics:**
- FY26 Revenue: ₹634.2 Cr (YoY +8.6%)
- FY26 EBITDA: ₹122.2 Cr (YoY +16.4%), Margin: 19.3%
- FY26 PAT: ₹82.7 Cr (YoY +18.7%), Margin: 13.0%
- Basic EPS: ₹21.00
**5. Management Commentary / Outlook:**
Management is confident about the next phase of growth driven by enhanced capacities, a deeper focus on premium products, strengthened global brand positioning, and expanding its international footprint. They are implementing calibrated price hikes to manage rising input costs. European operations are slated to commence from Q2FY27.