Studds Accessories Ltd

Studds Accessories Ltd has submitted a presentation displayed during its 44th Annual General Meeting (AGM) held on September 5, 2026. The presentation, available on the company's website, covers the company's transition from 'Legacy to Listed' and provides a snapshot as of March 31, 2026. Key highlights include the registration of the STUDDS brand in 1975, over 240 designs, 19,000+ SKUs, a distribution network of 360+ distributors in India, and presence in over 70 countries. Export revenue share increased to approximately 20% from 16.75% in FY25. Sales volume reached 8.13 million units and production volume was 8.27 million units for helmets and boxes, with an 89% capacity utilization in helmets.

Studds Accessories Limited has completed the dispatch of letters containing a weblink to its Annual Report for FY 2025-26 and the Notice for its 44th Annual General Meeting (AGM). This communication is directed to shareholders who have not registered their email addresses. The AGM is scheduled for September 05, 2026, via Video Conferencing. The company also recommended a final dividend of ₹3 per equity share for FY 2025-26, subject to shareholder approval at the AGM. The record date for dividend entitlement is August 29, 2026. Shareholders are also reminded to update KYC details and dematerialize physical securities.

Studds Accessories Limited has announced August 29, 2026, as the record date for determining shareholder entitlement to dividends for the financial year 2025-26. The company's 44th Annual General Meeting (AGM) is scheduled for September 5, 2026, to be held via video conferencing. Shareholders will have the opportunity to vote on resolutions, including the proposed dividend, through remote e-voting from September 2 to September 4, 2026. The Annual Report for FY 2025-26, along with the AGM notice, has been made available on the company's website and through its Registrar and Share Transfer Agent. Dividend payments, if approved, will be subject to tax deductions and distributed within 30 days post-AGM.

Studds Accessories Limited has filed its Annual Report for FY25-26, in compliance with SEBI LODR Regulations. The company will hold its 44th Annual General Meeting (AGM) on September 5, 2026, via Video Conferencing. The AGM notice and Annual Report are available on the company's website and the RTA's portal. Members can access the report electronically, with physical copies sent to those without registered email addresses. The company is also facilitating e-voting for resolutions, including dividend approval. The record date for dividend entitlement and voting is August 29, 2026, with remote e-voting from September 2 to September 4, 2026.

Studds Accessories Ltd has announced that its 44th Annual General Meeting (AGM) will be held on September 5, 2026, at 4:00 p.m. IST. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars. The company has also submitted its Annual Report for the financial year 2025-26, which includes the AGM notice. This report is available on the company's website and the RTA's website. Members can access the Annual Report electronically, and those without registered email IDs will receive a weblink and QR code. The company is facilitating remote e-voting and e-voting during the AGM. Key dates include the record date of August 29, 2026, for dividend entitlement and voting, and the remote e-voting period from September 2 to September 4, 2026.

Studds Accessories Limited reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Net revenue from operations increased by 13.7% year-on-year to ₹169.7 crore, driven by stable demand. However, EBITDA margin declined to 11.5% from 20.3% in the prior year quarter due to elevated styrene-based raw material prices and incremental wage costs. The company has implemented a ~9% price hike, with the full benefit expected from Q2 FY27. Margin recovery is anticipated, with EBITDA margins projected at 14-15% in Q2 FY27E and 18-20% in Q4 FY27E. Expansion plans include a new helmet capacity of 1.5 million units per annum by October 2026 and international expansion in Italy.

Studds Accessories Ltd announced a significant investment of up to EUR 1,000,000 in its wholly-owned subsidiary, SMK Helmets Europe SRL. This strategic infusion of capital is intended to fuel future business expansion and strengthen the company's distribution network within Europe. The company also approved unaudited financial results for the quarter ended June 30, 2026, and a smaller investment of USD 99,936 in Bikerz US Inc. The investment in SMK Helmets Europe SRL is structured as a cash consideration and is expected to be completed by March 31, 2027. The subsidiary's primary business involves the importation, distribution, and sales of Studds Accessories Limited's products in Europe.

Studds Accessories Ltd announced a further investment of USD 99,936 in its wholly-owned subsidiary, Bikerz US Inc. This investment is based on a valuation report and aims to support future business expansion plans. The company also approved unaudited financial results for the quarter ended June 30, 2026, and a further investment of up to EUR 10,00,000 in SMK Helmets Europe SRL. The board meeting where these decisions were made commenced at 05:45 P.M. (IST) and concluded at 06:25 P.M. (IST) on August 8, 2026. The details of the investment in Bikerz US Inc. are provided as per SEBI regulations.

Studds Accessories Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved further investments in two wholly-owned subsidiaries: up to EUR 10,00,000 in SMK Helmets Europe SRL and USD 99,936 in Bikerz US Inc. The investment in SMK Helmets Europe SRL is for future business expansion and strengthening the distribution network in Europe, with remittances expected by March 31, 2027. The company confirmed that the business of the subsidiary is within its main line of operations and the transaction is at arm's length.

Studds Accessories' Q1 FY27 print is a clear miss on profitability: consolidated PAT fell 39.3% YoY to ₹12.30 Cr (from ₹20.25 Cr) and 41.7% QoQ (from ₹21.10 Cr), even as consolidated revenue grew 13.7% YoY to ₹169.68 Cr. Standalone tells a similar but less severe story — PAT down 35.2% YoY to ₹13.25 Cr on revenue up 12.7% YoY to ₹166.94 Cr — the roughly 4-point gap between the two traces to the two new wholly-owned subsidiaries dragging the consolidated line. No exceptional items were booked in either the current or year-ago quarter, so this is a genuine underlying margin story, not a one-off distortion. The squeeze sits almost entirely on the cost-of-materials line: consolidated cost of materials consumed rose 32.9% YoY to ₹81.03 Cr against 13.7% revenue growth, pushing material intensity from 40.9% to 47.8% of revenue and pulling consolidated net profit margin (PAT/total income) down to 7.1% from 13.3% a year ago and 12.4% last quarter. Employee costs (+14.5% YoY) and other expenses (+24.8% YoY) also outgrew revenue, though materials remain the dominant driver — consistent with a helmet manufacturer facing plastics/resin input-cost inflation. Adding to the drag, the two new subsidiaries — Bikerz US Inc. (₹3.54 Cr revenue, ₹0.18 Cr net loss) and newly incorporated SMK Helmets Europe SRL (no revenue yet, ₹0.90 Cr net loss) — together cost the Group ₹1.08 Cr this quarter, explaining most of the standalone-consolidated divergence. The result runs against management's own May 2026 concall guidance of 17-18% FY27 revenue growth with margins "broadly similar" to the prior year — Q1's 13.7% YoY growth trails that pace, and margins compressed rather than held. Ahead of the print, analysts had specifically flagged near-term margin pressure from elevated input costs and initial European set-up expenses (ScanX earnings-call preview), which is exactly what materialised; but the broader FY27 analyst expectation of 15-20% full-year PAT growth now looks stretched after a quarter where consolidated PAT fell 39% YoY. No separate management press release was available with this filing to check against the numbers directly. The quarter also carried a CFO transition (Manish Mehta stepped down, Bharat Goyal appointed effective July 1, 2026) and board approval for further capital infusion into both loss-making subsidiaries — EUR 10 lakh into SMK Helmets Europe SRL and USD 99,936 into Bikerz US Inc — signalling continued investment in the international build-out despite the near-term cash drag.