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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
33 announcements match the current filters (relevance ≥ 5).
Studds Accessories Approves ₹3 Dividend, New ESOP Scheme, and CFO Appointment
Studds Accessories Limited has recommended a dividend of ₹3 per share (60% of face value) for FY 2025-26. The board approved the Studds ESOP Scheme 2026, covering up to 2,97,381 shares or 0.75% of the post-issued capital to incentivize employees. A management transition is underway as Bharat Goyal is set to become CFO on July 1, 2026, while the current CFO moves to a specialized taxation role. Furthermore, the company has strengthened its governance by appointing Deloitte Haskins & Sells LLP as internal auditors for FY 2026-27.
Key Highlights
Recommended a dividend of ₹3 per equity share (60% of face value of ₹5) for FY 2025-26.
Approved ESOP Scheme 2026 for up to 2,97,381 shares, representing 0.75% of post-issued capital.
Bharat Goyal appointed as Chief Financial Officer (CFO) effective July 1, 2026.
Deloitte Haskins & Sells LLP appointed as Internal Auditors for the Financial Year 2026-27.
Current CFO Manish Mehta to transition to Vice President - Taxation & Compliance.
👀 What to Watch
Investors should note the dividend yield and the company's move toward higher governance standards with the appointment of a Big 4 internal auditor. Monitor the upcoming AGM for final approvals on the dividend and ESOP scheme.
Studds Accessories Appoints New CFO, Declares ₹3 Dividend, and Approves 2026 ESOP Scheme
Studds Accessories Limited has announced a strategic management reshuffle, with Mr. Bharat Goyal succeeding Mr. Manish Mehta as CFO effective July 1, 2026. The Board recommended a dividend of ₹3 per share (60% of face value) for FY 2025-26, pending shareholder approval. Additionally, a new ESOP scheme was introduced, granting up to 2,97,381 options representing 0.75% of the company's capital. The appointment of Deloitte Haskins & Sells LLP as internal auditors further strengthens corporate governance.
Key Highlights
Dividend of ₹3 per equity share (60% of face value) recommended for FY 2025-26.
Mr. Bharat Goyal appointed as CFO effective July 1, 2026, while outgoing CFO moves to VP-Taxation.
New ESOP Scheme 2026 approved for up to 2,97,381 shares, representing 0.75% of capital.
Deloitte Haskins & Sells LLP appointed as Internal Auditors for the Financial Year 2026-27.
👀 What to Watch
The structured management transition and appointment of a Tier-1 auditor are positive governance signals. Investors should remain invested to benefit from the recommended dividend and monitor the impact of the new ESOP scheme on employee retention.
Studds Accessories Recommends ₹3 Dividend, Appoints New CFO, and Launches ESOP Scheme
Studds Accessories has recommended a dividend of ₹3 per share (60% of face value) for the financial year ended March 31, 2026. The company is undergoing a management transition with Bharat Goyal appointed as the new CFO effective July 1, 2026, while the outgoing CFO moves to a specialized taxation role. To align employee interests, the board approved a new ESOP scheme covering approximately 0.75% of the company's capital. Furthermore, the appointment of Deloitte Haskins & Sells LLP as internal auditors signals a focus on strengthening corporate governance.
Key Highlights
Recommended a dividend of ₹3 per equity share (60% of ₹5 face value) for FY 2025-26.
Approved Studds ESOP Scheme 2026 for up to 2,97,381 equity shares (0.75% of post-issued capital).
Bharat Goyal appointed as Chief Financial Officer (CFO) effective July 1, 2026.
Deloitte Haskins & Sells LLP appointed as Internal Auditors for the Financial Year 2026-27.
Manish Mehta to transition from CFO to Vice President - Taxation & Compliance.
👀 What to Watch
Investors should welcome the dividend payout and the appointment of a Tier-1 firm like Deloitte for internal audits. Monitor the smooth transition of the CFO role and the impact of the ESOP scheme on long-term employee retention.
Studds Accessories Approves ₹3 Dividend, New ESOP Scheme, and CFO Transition
Studds Accessories Limited has recommended a dividend of ₹3 per equity share (60% of face value) for FY 2025-26, pending shareholder approval. The board also approved the 'Studds ESOP Scheme 2026' which allows for the grant of up to 2,97,381 shares, representing 0.75% of the post-issued capital. Significant leadership changes were announced, with Mr. Bharat Goyal taking over as CFO from July 1, 2026, while the current CFO, Mr. Manish Mehta, transitions to a taxation and compliance role. Furthermore, Deloitte Haskins & Sells LLP has been appointed as the internal auditor for the upcoming financial year.
Key Highlights
Recommended a dividend of ₹3 per equity share of ₹5 face value (60%) for FY 2025-26.
Approved ESOP Scheme 2026 covering up to 2,97,381 shares or 0.75% of post-issued equity capital.
Appointed Mr. Bharat Goyal as Chief Financial Officer (CFO) effective July 1, 2026.
Transitioned current CFO Mr. Manish Mehta to Vice President - Taxation & Compliance.
Appointed Deloitte Haskins & Sells LLP as Internal Auditors for FY 2026-27.
👀 What to Watch
Investors should note the dividend payout and the appointment of a Big 4 firm as internal auditor, which reflects positively on corporate governance. Monitor the smooth transition of the CFO role and the potential minor dilution from the new ESOP scheme.
Studds Accessories to Set Up Wholly Owned Subsidiary in Italy with EUR 1 Million Capital
Studds Accessories Limited has announced the incorporation of a Wholly Owned Subsidiary (WOS) in Italy, replacing its previous plan to establish a presence in Spain. The board has approved a capital commitment of up to EUR 1,000,000 (approximately INR 9 crore) for this new European entity. This subsidiary will focus on the importation, marketing, and distribution of the company's products across Europe. The move is a strategic pivot to strengthen the company's global footprint and streamline its international sales operations.
Key Highlights
Board approved 100% Wholly Owned Subsidiary in Italy, Europe, instead of the previously planned Spain entity.
The capital investment for the new subsidiary is capped at EUR 1,000,000.
The subsidiary will handle importation, distribution, marketing, and sales of Studds products in Europe.
The move is part of a global growth strategy to strengthen international market presence.
The investment will be made entirely through cash consideration.
👀 What to Watch
Investors should view this as a positive step toward increasing export revenue and brand visibility in the European market. Monitor the timeline for the commencement of operations in Italy to gauge the impact on future international sales.
Studds Accessories Credit Rating Reaffirmed at CARE A+/A1+ and Withdrawn
CARE Ratings has reaffirmed Studds Accessories' long-term rating at 'CARE A+; Stable' and short-term rating at 'CARE A1+' before withdrawing them at the company's request. The company maintains a dominant 25% market share in the Indian helmet industry and reported a 9.7% revenue growth to ₹586.57 crore in FY25. Financial health remains robust with zero long-term debt, a gearing ratio of 0.01x, and strong liquidity of ₹81.48 crore as of September 2025. The withdrawal follows a No Objection Certificate from lenders, reflecting the company's minimal reliance on rated bank facilities.
Key Highlights
Reaffirmed 'CARE A+; Stable' and 'CARE A1+' ratings before withdrawal at the company's request
Revenue grew 9.7% to ₹586.57 crore in FY25, with sales volume reaching ~75 lakh helmets
PBILDT margins improved to 19.78% in 9MFY26 from 18.03% in the previous year
Strong capital structure with nil long-term debt and an overall gearing ratio of 0.01x
Maintains a dominant ~25% market share in India with exports to over 70 countries
👀 What to Watch
Investors should view the rating withdrawal as a routine administrative move given the company's debt-free status and strong cash position. The improving margins and market leadership make it a solid play in the two-wheeler accessory segment.
Studds Accessories Reports 26.3% PAT Growth in Q3 FY26; Capacity Reaches 9.5 Million Units
Studds Accessories Limited delivered a strong Q3 FY26 performance with consolidated revenue growing 9.4% YoY to INR 163 crores and PAT rising 26.3% to INR 20.7 crores. EBITDA margins improved to 18.8% despite an incremental INR 5 crore marketing spend on global events like EICMA. The company has successfully optimized production to reach a 9.5 million unit capacity, while a larger 1.5 million unit expansion is deferred by just one quarter. Management is targeting an Average Selling Price (ASP) increase to over INR 800 in FY27 from the current INR 770.
Key Highlights
Q3 FY26 PAT increased 26.3% YoY to INR 20.7 crores with revenue at INR 163 crores.
Gross margins expanded significantly to 61.4% from 56.8% YoY due to better procurement and product mix.
Capacity utilization hit 96% in Q3, prompting a machinery-led capacity increase to 9.5 million units.
Spanish subsidiary commercial operations are on track to commence in Q1 FY27 to boost European exports.
9-month FY26 PAT grew 23.9% YoY to INR 61.6 crores with an EBITDA margin of 19.5%.
👀 What to Watch
Investors should focus on the upcoming Q1 FY27 launch of the Spanish subsidiary which could significantly re-rate export margins. The company's ability to maintain high utilization and improve ASP through premiumization makes it a strong pick in the auto-ancillary space.
Studds Accessories Q3 PAT Jumps 26.3% YoY; Capacity Expansion Deferred to Q2FY27
Studds Accessories reported a robust Q3FY26 with PAT rising 26.3% YoY to ₹20.7 crore and revenue growing 9.4% to ₹163 crore. EBITDA margins expanded to 18.8% from 17.2% in the previous year, driven by favorable raw material prices and procurement efficiencies. Although the 1.5 million unit capacity expansion at Facility V is deferred by one quarter to Q2FY27 due to construction restrictions, the company added 0.5 million units through process optimization. Management remains optimistic about export growth with the upcoming Spanish subsidiary and the India-EU FTA.
Key Highlights
Q3FY26 PAT grew 26.3% YoY to ₹20.7 crore; 9MFY26 PAT rose 23.9% to ₹61.6 crore.
EBITDA margins for 9MFY26 improved to 19.5% compared to 17.7% in 9MFY25.
Revenue from operations for 9MFY26 stood at ₹466.7 crore, up 7.5% YoY.
Capacity expansion of 1.5 million units deferred to Q2FY27, but 0.5 million units added via machinery optimization.
Premium brand SMK now accounts for 14.4% of 9MFY26 revenue compared to 11.5% in 9MFY25.
👀 What to Watch
Investors should focus on the company's successful margin expansion and the increasing share of premium SMK helmets. The minor delay in capacity expansion is offset by strong operational performance and upcoming international growth via the Spanish subsidiary.
Studds Accessories Q3 PAT Jumps 26.3% YoY to ₹20.7 Cr; EBITDA Margins Expand to 18.8%
Studds Accessories reported a strong Q3FY26 with revenue growing 9.4% YoY to ₹163 crore, driven by steady demand in the two-wheeler helmet segment. Profitability saw a significant boost as PAT rose 26.3% YoY to ₹20.7 crore, aided by gross margin expansion from favorable raw material costs. While a major 1.5 million unit capacity expansion was deferred by one quarter due to construction restrictions, the company mitigated this by adding machinery for an additional 0.5 million units. The company is also expanding its global footprint with a new subsidiary in Spain expected to start operations in Q1FY27.
Key Highlights
Revenue from operations grew 9.4% YoY to ₹163.0 crore in Q3FY26
EBITDA increased by 20.1% YoY to ₹30.7 crore, with margins improving from 17.2% to 18.8%
Net Profit (PAT) surged 26.3% YoY to ₹20.7 crore for the quarter
9MFY26 PAT stands at ₹61.6 crore, representing 23.9% growth over the previous year
Capacity expansion of 1.5 million units deferred by one quarter; added 0.5 million units via immediate machinery optimization
👀 What to Watch
Investors should view the margin expansion and strong bottom-line growth positively, indicating efficient cost management and pricing power. The minor delay in capacity expansion is well-mitigated, and the upcoming Spain operations provide a clear catalyst for export growth.
Studds Accessories Q3 Profit Rises 15.6% YoY; Facility-V Production Delayed to Q2 FY27
Studds Accessories reported a 15.6% YoY growth in net profit to ₹205.15 million for Q3 FY26, with revenue from operations increasing 8.5% YoY to ₹1,614.47 million. A significant update was the postponement of commercial production at its new Manufacturing Facility-V in Faridabad, now expected by the end of Q2 FY27 due to GRAP pollution control measures in Delhi-NCR. While operational performance remains steady, the delay in capacity expansion may impact near-term growth projections. This marks the company's first earnings report since its listing in November 2025.
Key Highlights
Revenue from operations grew 8.5% YoY to ₹1,614.47 million in Q3 FY26.
Net profit for the quarter stood at ₹205.15 million, up from ₹177.46 million in the same period last year.
Commencement of Manufacturing Facility-V in Faridabad delayed to Q2 FY27 due to GRAP environmental regulations.
Nine-month profit for FY26 reached ₹622.31 million, a 21.2% increase over the previous year's ₹513.26 million.
The company successfully listed on stock exchanges on November 7, 2025, following an IPO at ₹585 per share.
👀 What to Watch
Investors should weigh the healthy 15% profit growth against the delayed capacity expansion which could slow down volume growth in the next fiscal. Monitor management commentary regarding the impact of the production delay on order fulfillment and market share.
Studds Accessories Q3 PAT Rises 15.6% YoY to ₹205M; New Facility Delayed to Q2 FY27
Studds Accessories reported a steady year-on-year performance for Q3 FY26, with revenue from operations growing 8.5% to ₹1,614.47 million. Net profit increased by 15.6% YoY to ₹205.15 million, although it saw a slight sequential decline from ₹212.65 million in Q2 FY26. A key development is the delay of the new Manufacturing Facility-V in Faridabad, now expected to commence by Q2 FY2027 due to pollution-related construction restrictions (GRAP) in the Delhi-NCR region. These results represent the company's first financial disclosure following its listing in November 2025.
Key Highlights
Revenue from operations grew 8.5% YoY to ₹1,614.47 million in Q3 FY26.
Net Profit (PAT) increased 15.6% YoY to ₹205.15 million, despite a 3.5% sequential dip.
Nine-month FY26 PAT stands at ₹622.31 million, up from ₹513.26 million in the prior year period.
Commercial production at Manufacturing Facility-V delayed to Q2 FY2027 due to GRAP pollution standards.
Total expenses for the quarter stood at ₹1,361.12 million, with a notable increase in other expenses to ₹518.61 million.
👀 What to Watch
Investors should maintain a neutral stance while monitoring the timeline for the new manufacturing facility, as the delay may impact long-term volume growth. While YoY growth is healthy, the sequential softening in profit and rising 'other expenses' require closer scrutiny in upcoming quarters.
Studds Accessories Q2 FY26 Net Profit Rises 19.7% YoY to ₹212.65 Million
Studds Accessories reported a steady performance for the quarter ended September 30, 2025, with revenue from operations growing 6.5% YoY to ₹1,542.46 million. Net profit for the quarter increased by 19.7% YoY to ₹212.65 million, reflecting improved operational efficiency as expense growth remained contained. For the first half of FY26 (H1), the company recorded a profit of ₹417.15 million, a 24.5% increase over H1 FY25. This marks the company's first financial disclosure following its successful stock market listing on November 7, 2025.
Key Highlights
Revenue from operations grew to ₹1,542.46 million in Q2 FY26 from ₹1,448.24 million in Q2 FY25.
Net profit for Q2 FY26 stood at ₹212.65 million, up from ₹177.64 million in the same period last year.
H1 FY26 profit reached ₹417.15 million compared to ₹335.15 million in H1 FY25.
Cash and cash equivalents surged to ₹814.81 million as of September 30, 2025, up from ₹386.11 million in March 2025.
The company completed its IPO and listed on NSE/BSE on November 7, 2025, at an issue price of ₹585 per share.
👀 What to Watch
The strong double-digit profit growth and robust cash position post-listing are positive indicators. Investors should hold and monitor the stock's performance relative to its IPO price of ₹585 as the market discovers its long-term valuation.
Studds Accessories Q2 FY26: Post-Listing Update, Decathlon Tie-up, and New Spain Warehouse
Studds Accessories, the world's largest helmet manufacturer by volume, conducted its first earnings call post its November 2025 listing. The company highlighted a strategic engagement with Decathlon for bicycle helmets starting Q4 FY26 and the establishment of a new warehouse in Spain to bolster European exports. With a massive portfolio of 19,000+ SKUs and a fifth manufacturing plant expected by Q1 FY27, the company aims to capitalize on India's low helmet penetration of 0.6 per two-wheeler compared to the global average of 1.52.
Key Highlights
Successfully listed on NSE/BSE on Nov 7, 2025, following a INR 455 crore IPO.
Strategic partnership with Decathlon for bicycle helmets with production commencing in Q4 FY26.
Setting up a strategic warehouse in Spain to enhance European distribution and service levels.
Fifth manufacturing facility currently under construction, expected to start production in Q1 FY27.
Maintains a massive product catalog of over 19,000 SKUs and 240+ helmet styles across Studds and SMK brands.
👀 What to Watch
Investors should monitor the execution of the Decathlon partnership and the timely completion of the fifth manufacturing plant. The company's expansion into premium segments (SMK) and international markets provides a strong growth runway.
