Studds Accessories Q2 & H1 FY27 Results: Revenue Up 16.2%
Studds Accessories Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Revenue from operations grew by 18.6% YoY in Q2FY27 and 16.2% YoY in H1FY27, driven by strong demand in domestic and international markets. However, profitability was impacted by a sharp increase in styrene-based raw material costs due to volatile crude oil prices. The company has implemented calibrated price increases to mitigate this. Key business developments include the commencement of commercial production at a new facility adding 1.5 million units of annual capacity, the incorporation of a wholly-owned subsidiary in Italy for European distribution, and the in-house manufacturing of riding jackets. The company is also expanding its product portfolio into Bluetooth-enabled rider communication systems. Studds aims for a medium-term revenue aspiration of ₹1,000 crore, with exports contributing 25-30%.
Key Highlights
- Revenue grew 18.6% YoY in Q2FY27 and 16.2% YoY in H1FY27.
- Profitability impacted by rising raw material costs; price increases implemented.
- New manufacturing facility commenced production, adding 1.5M units capacity.
- Italian subsidiary established for European warehousing and distribution.
- Expanding product line to include riding jackets and communication systems.
Price Impact
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