Q2 & H1FY26 Financial Highlights

Key Highlights

·         Expanding Capacity for two-wheeler helmets and boxes by 1.5 Mn units in the first phase, expected to become operational by Q1FY27

·         Onboarded Decathlon as a new customer to serve its India requirements for bicycle helmets and allied products

·         The Board has approved the setting up of a new warehouse in Spain to strengthen European distribution, improve service levels, and support product portfolio expansion

·         Capacity utilisation for 2W helmet and boxes, EPS and Water Decals stood at ~86%, ~84%, ~64% respectively in H1FY26

·         Set up an IT office in Gurugram to strengthen capabilities and advance technology-led initiatives

Commenting on the results and performance for Q2 & H1FY26, Mr Sidhartha Bhushan Khurana, Managing Director, “Our successful listing on 7^th November 2025 represents a significant milestone 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. 

In H1FY26, we delivered steady and improving financial performance. Revenue increased by 6.4% YoY to ₹303.7 crore, while operating EBITDA grew by 17.9% YoY to ₹60.2 crore, driven by superior product mix, operating leverage, higher efficiency, and disciplined cost management. These results underscore the inherent scalability and resilience of our business model. 

Demand across our core categories remained healthy, as reflected in the capacity utilization of ~86% for two-wheeler helmets and boxes during H1FY26. To support sustained growth, we are progressing with capacity expansion, with the first phase of additional capacity of 1.5 Mn units expected to become operational by Q1FY27. This expansion will enhance our ability to service both domestic and export markets while providing headroom for future growth initiatives. 

In October, we entered into a strategic customer engagement with Decathlon, adding a marquee global brand to our customer portfolio. Under this engagement, we will serve Decathlon’s India requirements for bicycle helmets and allied protective products. We are currently investing in new moulds, with commercial production expected to commence by the end of Q4FY26. 

In parallel, to enhance our international footprint and brand visibility, we are in process of establishing a new warehouse in Spain. This initiative is expected to strengthen our European distribution capabilities, improve service levels and delivery timelines, enable deeper market penetration, and support the introduction of additional product lines across export markets. 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

·         Maintaining a sharp focus on returns and cash flows

We remain committed to building Studds into a stronger, more diversified global safety brand.”

·         Offering international level protection, the Batman Edition Drifter helmet is both ISI and DOT certified.

·         Redefines helmet design with a powerful blend of style and performance with aerodynamic design and dynamic ventilation system for utmost convenience.

·         Offers comfort with removable, washable liners and quick release chin strap.

·         Available in a range of striking six color options

·         The Batman Edition Drifter starts at INR 2,995 only.

Bengaluru, 25 July 2025: Engineered for the true rider, STUDDS Accessories Ltd., the world’s largest⁽¹⁾ two-wheeler helmet manufacturer by volume, brings DC legend and protector of Gotham City to life with the all-new Batman Edition Drifter helmet. The striking new full-face helmet is in collaboration with Warner Bros. Discovery Global Consumer Products India.

This debut launch marks the beginning of a larger collaboration with Warner Bros. Discovery Global Consumer Products India to introduce a range of high-performance helmets inspired by iconic DC characters blending superhero inspired design with superior safety and style.

Redefining cutting-edge safety features with everyday riding comfort, the STUDDS Batman Edition Drifter helmet boasts about its aerodynamic designs that enhances stability and performance on both city streets and open highways, while showcasing striking Batman inspired graphics that add a unique character to every ride.

Offering global safety certifications, including the ISI (Indian Standards Institute) and DOT (Department of Transportation, USA), the helmet reflects STUDDS’ unwavering commitment to rider protection.

Commenting on the launch of the Batman Edition Drifter helmet, Mr. Sidharth Bhushan Khurana – Managing Director, STUDDS Accessories Ltd., said, “At STUDDS, we believe rider protection is our foremost priority. Every helmet we design meets the highest safety standards. Our helmets are built to protect, inspire confidence and reflect the rider’s personality. Our understanding of the evolving aspirations of today’s new generation riders is backed by market insights and our experience. The new Drifter edition provides better performance, comfort, and a design that reflects riders’ personality without compromising their safety and protection. This marks the beginning of a broader program, paving the way for an exciting new range of helmets under the STUDDS and SMK, inspired by iconic DC Super Heroes. We are excited to see riders across India embrace a helmet that offers the trusted protection of STUDDS with a fresh, distinct edge. 

A Helmet Designed for the Fearless

The STUDDS Batman Edition Drifter helmet is more than just a tribute to the Caped Crusader, it’s a high-performance riding companion engineered for real world challenges. Crafted with a high impact grade outer shell, the helmet provides superior resistance to shocks and collisions, offering enhanced protection for riders across varying terrains and conditions. This sturdy shell is supported by regulated density EPS (Expanded Polystyrene), which maximizes energy absorption in the event of an impact, significantly elevating safety standards.

Dynamic Ventilation System

To ensure comfort on long distance rides, the helmet features a dynamic ventilation system with strategically placed air vents and exhausts that optimize airflow and reduce internal heat buildup delivering a fresh and breathable experience, even during extended rides or in warmer weather conditions.

Advanced Visor Technology and Comfort Redefined

The helmet comes equipped with a silicon coated dual visor system, designed to provide enhanced durability and clarity. The protective coating helps prevent scratches during regular use, ensuring long lasting visibility and safety for riders in varying light and weather conditions.

The helmet has a quick release chin strap mechanism, allowing easy fastening and removal even with gloves on. The removable and replaceable lower trim enhances the helmet’s durability while maintaining its fresh look over time.

Additionally, the helmet consists of stainless-steel rust proof buckle that ensures long lasting reliability and strength, especially in diverse weather conditions. 

Bold Graphics, Heroic Finish

The Batman Edition Drifter stands out with a range of six striking color combinations that add a dynamic flair to the rider’s look. Available in both matt and gloss finish, Studds Drifter Batman edition is available in 6 color options-Black & Blue, Yellow & Grey, Red & Grey, Gold & Grey, Black & Grey and Silver & Grey Each variant has been thoughtfully curated to appeal to different style preferences while maintaining a sleek, premium finish, which gets further enhanced by Metallic foil finish using chrome elements in 3 variants. Using UV resistant paint, the helmet retains its color vibrancy and finish over time, ensuring it looks as impressive on the hundredth ride as it did on the first.

Price and Availability

The Batman Edition Drifter helmet is available in multiple sizes – Medium, Large, and Extra Large ensuring a secure and personalized fit for a wide range of riders, with prices starting at just INR 2,995.

The STUDDS Batman Edition Drifter helmet is currently available at offline retail shops, STUDDS exclusive business outlets and on brand’s official e-commerce portal: https://shop.studds.com/. Launch on other leading marketplaces is underway and expected soon.