How did Studds perform financially in FY26?

The company grew revenue by 8.2% to **₹630.2 crore** and net profit by 18.3% to **₹83.8 crore**.

Bharat Goyal will replace outgoing CFO Manish Mehta, effective July 1, 2026.

What is the impact of the new ESOP scheme?

The board approved a scheme that will result in a **0.75%** dilution of equity.

Studds Accessories posts 18% profit growth in FY26

Q: What is the dividend payout?

The board recommended a dividend of **₹3** per share.

The helmet maker reported revenue of ₹630.2 crore as the board announced a leadership transition and a dividend of ₹3 per share.

— 3 earlier stories on Studds Accessories Ltd. →

STUDDS BSE 544599 23 May 2026 · 9:58 PM IST Verify on BSE · NSE

Mkt cap₹1,761 cr

P/E25.30×

ROE15.49%

Debt / eq.0.01

Div yld0.56%

₹83.8 cr Profit after tax for FY26, an 18.3% increase over the prior year.

What's new

FY26 revenue climbed 8.2% to ₹630.2 crore.
Bharat Goyal takes over as CFO on July 1, 2026, succeeding Manish Mehta.
Board approved a dividend of ₹3 per share and a new ESOP scheme.

Why this matters

These results confirm steady performance for the company, though they largely align with prior guidance. The CFO transition and minor ESOP dilution are routine administrative updates that do not alter the firm's trajectory.

What we're watching

Whether the new CFO signals any shift in capital allocation.
Market absorption of the 0.75% equity dilution from the ESOP.
Sustained margin performance in the upcoming quarters.

The full read

Studds Accessories delivered steady growth in FY26, with revenue rising 8.2% to ₹630.2 crore and profit after tax climbing 18.3% to ₹83.8 crore. The board recommended a dividend of ₹3 per share, representing a 60% payout. Alongside the financials, the company announced a leadership change in the finance department, with Bharat Goyal set to replace Manish Mehta as CFO on July 1, 2026. The board also approved a new ESOP scheme that will dilute equity by 0.75%. These results were largely anticipated following quarterly disclosures and prior earnings calls. The filing is a routine update for the micro-cap, lacking the scale or unexpected developments required to shift the stock's current momentum.

Questions answered

How did Studds perform financially in FY26?: The company grew revenue by 8.2% to ₹630.2 crore and net profit by 18.3% to ₹83.8 crore.
What is the dividend payout?: The board recommended a dividend of ₹3 per share.
Who is the new CFO?: Bharat Goyal will replace outgoing CFO Manish Mehta, effective July 1, 2026.
What is the impact of the new ESOP scheme?: The board approved a scheme that will result in a 0.75% dilution of equity.

Mentioned: Studds Accessories · Manish Mehta · Bharat Goyal

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on STUDDS →

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today Studds Accessories reports FY26 revenue of ₹630 crore