Studd Accessories Revenue Up 6.5% in Q2FY26 Results

Studd Accessories Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. 

Revenue from operations in Q2FY26 rose 6.5% year-on-year to ₹154.4 crore, while H1FY26 revenue increased 6.4% to ₹303.7 crore. Total income also grew 6.3% in Q2 and 6.5% in H1FY26.

Improved Profitability and Margin Expansion

The company recorded strong profitability gains with EBITDA rising 12% in Q2FY26 to ₹29.9 crore and 17.9% in H1FY26 to ₹60.2 crore. EBITDA margins improved to 19.3% from 18.4% a year earlier. 

Profit after tax stood at ₹20.6 crore in Q2FY26, up 17.9%, while H1FY26 PAT rose 22.9% to ₹40.9 crore. PAT margins strengthened to 13.4% in Q2 and 13.5% for the half year.

Strategic Expansion and New Customer Wins

The company is expanding its two-wheeler helmets and boxes capacity by 1.5 million units in the first phase, expected to be operational by Q1FY27. Studd Accessories also onboarded Decathlon as a new customer to meet India-specific requirements for bicycle helmets and related products, adding a strong global name to its client portfolio.

Strengthening Global Distribution and Technology Capabilities

To boost its European presence, the Board approved a new warehouse in Spain aimed at enhancing distribution efficiency and supporting product portfolio expansion. Capacity utilisation remained healthy in H1FY26, with two-wheeler helmets and boxes at ~86%, EPS at ~84%, and water decals at ~64%. The company has also established an IT office in Gurugram to accelerate technology-driven initiatives.

Studd Accessories Share Price Performance

On November 27, 2025, Studd Accessories share price (NSE: STUDDS) opened at ₹558.00, up from its previous close of ₹554.20. At 10:20 AM, the share price of Studd Accessories was trading at ₹546.85, down by 1.33% on the NSE.

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Conclusion

Studd Accessories delivered steady growth in Q2 and H1FY26 on the back of improved margins, strategic expansion, and healthy capacity utilisation. With upcoming capacity additions and a stronger global footprint, the company is positioned for sustained medium-term growth.

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