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Investor Presentation

Studds Accessories Investor Presentation: Key Takeaways

Studds reported Q1FY27 revenue growth of 13.7% YoY to ₹169.7 Cr. EBITDA margins contracted to 11.5% due to styrene-based raw material inflation and wage hikes.

Highlights
Revenue growth13.7% YoY
MarginsRecovery targeted: ~14-15% in Q2FY27E; ~18-20% in Q4FY27E.
Demand visibilityStable demand across key segments and international markets.
Management confidenceOptimistic on growth outlook and margin recovery.

Growth

Revenue ₹169.7 Cr (+13.7% YoY). PAT ₹12.3 Cr (-39.3% YoY). SMK premium volumes grew ~52% over 3 years.

Outlook

Planned 1.5 mn p.a. capacity addition by Oct 2026. Target EBITDA margins of 18-20% by Q4FY27.

Risks

Inflation in styrene-based raw materials and incremental wage costs impacted profitability; lag in price pass-through persists.

Last quarter's promises, checked

Delivered

  • Guided 17-18% FY27 revenue growth → delivered 13.7% in Q1 (PARTIAL)
  • Guided 8-9% price hikes from April 1 → delivered ~9% hike (BEAT)
  • Guided Italy subsidiary/warehouse setup → delivered operations start Oct 2026 (BEAT)

Partly delivered

  • Guided Decathlon supplies for July 2026 → delivered engagement progressing (PARTIAL)
  • Guided 1.5mn capacity by Q2FY27 → delivered Oct 2026 target (PARTIAL)

Missed

  • Guided stable EBITDA margins → delivered 11.5% vs 18.7% (MISS)
Source

Investor Presentation filed with NSE, NSE: STUDDS. Summary written with AI assistance from the document.

Read the document ↗

Studds Accessories Ltd: key numbers

Share price
₹410.00
Market cap
₹1,613 Cr
Revenue (annual)
₹634.2 Cr
Net profit (annual)
₹82.65 Cr
P/E (TTM)
21.6×Sector 33.6×
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.

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Studds Accessories Other Announcement

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10:45 IST NSE
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Studds Accessories Price Movement Clarification

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15:39 IST BSE
Promoter Buying

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%
20:20 IST BSE
Annual General Meeting

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.