ALFA Finder| Revenue growth | 13.7% YoY |
|---|---|
| Margins | Recovery targeted: ~14-15% in Q2FY27E; ~18-20% in Q4FY27E. |
| Demand visibility | Stable demand across key segments and international markets. |
| Management confidence | Optimistic 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)
Investor Presentation filed with NSE, NSE: STUDDS. Summary written with AI assistance from the document.
Studds Accessories Ltd: key numbers
- Share price
- ₹412.00
- Market cap
- ₹1,621 Cr
- Revenue (annual)
- ₹634.2 Cr
- Net profit (annual)
- ₹82.65 Cr
- P/E (TTM)
- 23.6×Sector 32.5×
- Promoter holding
- 61.80%+0.05% QoQ
- FII holding
- 1.30%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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Q2 consolidated revenue rose 18.6% to ₹183.1 Cr, but EBITDA fell 23.7% and PAT fell 28% on polymer cost inflation. Management calls the squeeze cyclical; margin recovery depends on raw-material prices softening.
Studds Accessories Employee Stock Options
Studds Accessories granted 1,30,000 ESOPs to eligible employees under its 2026 scheme at an exercise price of Rs 334.90. Options vest over time, converting to equity shares on exercise.
Studds Accessories Investor Presentation: Key Takeaways
Q2FY27 revenue ₹183.1 Cr (+18.6%), PAT ₹14.7 Cr (-28.5%); H1FY27 revenue ₹352.8 Cr (+16.2%), PAT ₹27.0 Cr (-33.8%) on raw-material cost spike.
Studds Accessories Results Update
Studds Accessories disclosed Key Performance Indicators for the six months ended Sep 30, 2026 and fiscal 2026. Standalone revenue from operations was ₹349.41 Crore for the six months, up 15.55% year-on-year.
Studds Accessories Q2 FY27 Results: Net Profit ₹14.7 Cr, Down 28.6% YoY
Studds Accessories Ltd reported revenue from operations of ₹183.1 Cr (+18.6% YoY) and net profit of ₹14.7 Cr (-28.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹14.7 Cr · -28.6% YoY