Studds Accessories' Q2 FY 2025-26 Quarterly Results

Result Summary

• Studds Accessories Ltd reported a 3.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.3%.
• Its expenses for the quarter were up by 4.6% QoQ and 4.8% YoY.
• The net profit increased 1.8% QoQ and increased 17.9% YoY.
• The earnings per share (EPS) of Studds Accessories Ltd stood at 5.24 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Studds Accessories Ltd is a prominent player in the automotive accessories industry, primarily known for manufacturing helmets and riding gear. As a leading company in its sector, Studds Accessories Ltd has established a strong brand presence through its diverse product portfolio that caters to various consumer needs, with a focus on safety and quality. The company operates within a competitive market, which includes both domestic and international competitors. Recent major developments, if any, are not available from the provided data. Hence, information on new product launches, market expansions, or strategic partnerships is not included in this report.

Revenue

The financial performance of Studds Accessories Ltd for Q2FY26 shows a total income of ₹157.32 crores, marking a 3.5% increase from the previous quarter (Q1FY26) where the total income was ₹152.01 crores. Comparing year-over-year, the company experienced a 6.3% growth in total income from Q2FY25, which recorded ₹147.94 crores in total income. This upward trend in revenue indicates a consistent growth trajectory over the past year, showcasing the company's ability to enhance its income generation capabilities.

Profitability

In terms of profitability, the Profit Before Tax (PBT) for Q2FY26 stood at ₹27.23 crores, which represents a slight decrease of 1.6% from the previous quarter's PBT of ₹27.67 crores. However, on a year-over-year basis, the PBT has increased by 14.3% from ₹23.82 crores in Q2FY25. The tax expenses for Q2FY26 were ₹6.60 crores, down by 11.1% from the previous quarter. Consequently, the Profit After Tax (PAT) for Q2FY26 amounted to ₹20.62 crores, reflecting a 1.8% increase quarter-over-quarter and a significant 17.9% rise from the corresponding quarter last year. Earnings Per Share (EPS) for Q2FY26 was ₹5.24, although there is a notable year-over-year decline in EPS by 41.1% compared to Q2FY25's EPS of ₹8.89.

Operating Metrics

The operating metrics of Studds Accessories Ltd can be examined through the lens of total expenses and their respective changes. The total expenses for Q2FY26 were ₹130.09 crores, which is a 4.6% increase from ₹124.34 crores in Q1FY26 and a 4.8% rise from ₹124.12 crores in Q2FY25. This increase in expenses is aligned with the growth in total income, suggesting efficient cost management in the pursuit of revenue growth. The data provided does not include specific operating metrics such as production volumes or capacity utilization, thus limiting the analysis to financial expenses and income.