Studds Accessories Sees Sharp Profit Squeeze Despite Revenue Growth
The helmet maker's revenue grew nearly 14% year-on-year, but profit fell by over 39% as net margins contracted sharply.
Studds Accessories reported a mixed Q1 FY27. While revenue continued its steady climb, profit fell sharply, indicating significant pressure on profitability.
Studds Accessories, the world's largest two-wheeler helmet manufacturer, delivered a quarter of contrasting fortunes. While revenue growth remained healthy, profitability took a significant hit, pointing to a sharp margin squeeze in the first quarter of FY27.
Revenue for the quarter ended June 2026 rose to ₹169.68 crore, a 13.7% increase from the same period last year. This continues a steady multi-quarter uptrend in the company's top line. However, profit after tax (PAT) fell sharply to ₹12.3 crore, down 39.3% year-on-year and 41.7% sequentially from the previous quarter. This divergence resulted in a net profit margin of just 7.2%, a steep decline of 640 basis points from the 13.6% margin in Q1 FY26.
The recent quarterly performance highlights the growing pressure on the bottom line.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Jun 2026 | Mar 2026 | Jun 2025 |
| Revenue (₹ Cr) | 169.68YoY +14% | 167.54 | 149.22 |
| Profit (₹ Cr) | 12.3YoY -39% | 21.1 | 20.25 |
| Net Profit Margin (%) | 7.2YoY -47% | 12.6 | 13.6 |
Despite the quarterly profit dip, the company's trailing twelve-month (TTM) performance shows a net profit margin of 11.4% on revenue of ₹654.69 crore, suggesting the Q1 figure is a notable deviation from the recent trend. The key question for investors is whether this quarter's margin compression is a temporary blip or the start of a new, less profitable phase for the business.
Live Chart
· STUDDS
(BSE)
ISIN: INE00Q601028
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.