ALFA Finder| Management target | Revenue 18.0% FY28 |
|---|
| Revenue growth | 13.7% YoY growth driven by 1.95 million units sold. |
|---|---|
| Margins | EBITDA margin fell to 11.5%; recovery to 20% expected by Q4. |
| Demand visibility | Strong domestic two-wheeler demand and export market expansion. |
| Management confidence | Balanced; focus on structural recovery and new category launches. |
Growth
13.7% YoY revenue growth was volume-led (8.5%) despite inflationary headwinds and temporary margin pressure.
Outlook
EBITDA margins targeted at 14-15% for Q2, returning to 18-20% by Q4 FY27.
Risks
Continued raw material volatility and delayed pass-through to OEMs/CSD channels remain short-term margin risks.
Last quarter's promises, checked
Delivered
- Guided 17-18% revenue growth → delivered 13.7% (= MISS)
- Guided price hikes of 8-9% → delivered 9% hike implemented (= BEAT)
- Guided Decathlon supplies start July 2026 → delivered production start Oct (= PARTIAL)
Partly delivered
- Guided 12M unit capacity by FY28 → delivered 81% utilization on current base (= PARTIAL)
Missed
- Guided EBITDA margins broadly similar to 19.3% → delivered 11.5% (= MISS)
Earnings Call Transcript 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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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.
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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