Studds Accessories Q2 FY26 – Stable Performance with Moderate Growth

Studds Accessories reported a steady September 2025 quarter, with modest YoY growth in revenue, operating profits, and net earnings. However, EPS declined due to higher share base or accounting adjustments. • Sales: ↑ 6% YoY to ₹154 crore (vs ₹145 crore in Sep 2024) • EBIDT: ↑ 12% YoY to ₹29.8 crore (vs ₹26.7 crore) • Net Profit: ↑ 18% YoY to ₹20.6 crore (vs ₹17.5 crore) • EPS: ↓ 41% YoY to ₹5.24 (vs ₹8.89) At a price of ₹551, market cap ₹2,164 crore, and PE 29.7, Studds Accessories continues to show consistent operational performance, though earnings per share remain under pressure.