Studds Accessories share price dips despite 18% jump in Q2 profit to ₹21 crore, revenue up 6.5%

The stock declined 1.12% to ₹548 apiece on the National Stock Exchange at 10:27 am.

The company reported a consolidated net profit of ₹20.6 crore in the quarter under review, reflecting a jump of 17.9% from ₹17.5 crore a year back.

Revenue from operations climbed 6.5% to ₹154.4 crore in the latest September quarter as against ₹145 crore in the corresponding period of the previous fiscal year.

EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹29.9 crore in the reporting quarter, up 12% from ₹26.7 crore in Q2 FY25. The EBITDA margin was at 19.3% vs 18.4% in the year-ago period.

The Faridabad-based company said that it is progressing with capacity expansion for two-wheeler helmets and boxes by 1.5 million units in the first phase, which is expected to become operational by Q1 FY27.

In H1 FY26, the capacity utilisation for two-wheeler helmets and boxes, EPS and water decals stood at 86%, 84% and 64%, respectively.

The company has also onboarded Decathlon as a new customer to cater to its India requirements for bicycle helmets and allied products.

The firm's board also approved establishing a new warehouse in Spain to bolster European distribution and support levels.

Sidhartha Bhushan Khurana, Managing Director, said, "Our successful listing on 7th November 2025 represents a major step in our five-decade journey. It marks our transition into a new phase of growth and reflects the strong confidence placed in our business, governance framework, and long-term strategy."

"As we move forward, our priorities remain clear: strengthening our market leadership in the domestic market, expanding our global footprint, investing in capacities and capabilities and maintaining a sharp focus on returns and cash flows. We remain committed to building Studds into a stronger, more diversified global safety brand," he added.