Studds Accessories Ltd, India’s largest two-wheeler helmet manufacturer, has said its Phase-I capacity expansion of 1.5 million helmets per annum is progressing as planned and is expected to commence operations by Q2FY27.
The company said it has also planned an additional capacity expansion of 1.5 million helmets over the next 15–18 months. Upon completion, the company’s total installed capacity will rise by 30% over FY26 levels to 12.5 million helmets annually.
Premiumisation strategy in focus
The company said its next phase of growth will be driven by premiumisation, international expansion and stronger global brand positioning.
“With enhanced capacities and a deeper focus on premium and value-added products, we remain confident of driving the company’s next phase of growth through strengthened global brand positioning, expansion of our international footprint, and continued premiumisation-led sustainable growth,” said Studds Accessories Managing Director Sidhartha Bhushan Khurana.
Khurana added, “We continue to make steady progress in establishing our presence in Europe, particularly in Italy, with operations expected to commence from Q2FY27.”
The company is also in the process of onboarding globally recognised premium riding gear, helmet and motorsports brand Alpinestars under its private-label helmet segment.
Price hikes offset input cost pressure
The company said raw material prices have been witnessing an upward trend since March, although sourcing and availability of key inputs remain stable.
Khurana said, “While raw material prices have been witnessing an upward trend since March, there are currently no challenges with sourcing or availability of key inputs. To safeguard against rising input costs, we have implemented calibrated price hikes across our portfolio and distribution channels, averaging around 8–9%.”
FY26 performance remains strong
For FY26, the company reported revenue of Rs 634 crore, registering a growth of 8.6% year-on-year.
EBITDA increased 16.4% year-on-year to Rs 122.2 crore, while EBITDA margins improved to 19.3%. Profit after tax for the year rose 18.7% year-on-year to Rs 82.7 crore.
The company attributed the performance to healthy growth across domestic and export markets, supported by premiumisation initiatives, operational efficiencies, improved product mix and strong brand acceptance.
Q4 earnings improve
For the March quarter of FY26, the company reported a PAT of Rs 21.1 crore as against Rs 19.9 crore in the corresponding quarter of the previous fiscal, recording a growth of 6.1%.
Revenue from operations during the quarter stood at Rs 167.5 crore compared with Rs 149.8 crore in the year-ago period, marking an increase of 11.9%.