Analysts/Institutional Investor Meet/Con. Call Updates

PHONES: 91-129-4296500 E mail : sales@studds.com, info@studds.com, secretarial@studds.com CIN No.: L25208HR1983PLC015135 Date: October 31, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 NSE Scrip Symbol: STUDDS BSE Scrip Code: 544599 Subject: Earnings Presentation pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Investor Presentation for Financial results of Q2 & H1 FY27. The above details will also be available on the website of the Company at www.studds.com under Investor Relations’ Section at https://www.studds.com/investor-relations/financials This is submitted for your information & records. Thanking You, FOR STUDDS ACCESSORIES LIMITED ASHA MITTAL Company Secretary and Compliance Officer Encl: As above Studds Accessories Limited Investor Presentation – Q2 & H1FY27 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Studds Accessories Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. Q2 & H1FY27 Performance Highlight From Managing Director’s Desk “The first half of the year was marked by a challenging raw material environment. Ongoing geopolitical developments led to sharp volatility in crude oil prices, which in turn drove a steep rise in styrene-based input costs and weighed on our profitability. We have taken calibrated price increases to partly offset this impact; however, a sustained recovery in margins will depend on raw material prices stabilising. In the meantime, we remain focused on what is within our control: improving realisations, driving cost efficiencies and sharpening operational performance. Despite these headwinds, demand remained robust. Revenue from operations grew 16.2% yoy in H1FY27, driven by strong traction in both domestic and international markets, a clear reflection of the strength of our brand and the trust riders place in our products. We continue to build the foundations for our next phase of growth. Our new manufacturing facility has commenced commercial production, added 1.5 million units of annual capacity and giving us significant headroom to meet rising demand at home and overseas. In Europe, we are developing our wholly owned Italian subsidiary into a warehousing and distribution hub to bring us closer to customers across the region. We are also expanding beyond helmets into riding jackets and Bluetooth-enabled rider communication systems, extending our relevance across the riding experience. Our presence at marquee industry platforms such as EICMA in Milan (Italy) and India Bike Week in Panchgani (Maharashtra) further strengthens our brand visibility and deepens our connection with riders and partners in India and around the world. Looking ahead, we remain firmly on course towards our medium-term aspiration of ₹1,000 crore in revenue, with exports contributing 25% to 30%. Building on our leadership in India, we see substantial opportunity across the US, Europe and Latin America through deeper market penetration, stronger distribution and a broader portfolio. Sidhartha Bhushan Khurana At Studds, our priorities are unchanged: delivering high-quality, differentiated products, managing costs with discipline, and constantly innovating to serve the needs of everyday riders, in India and across the world.” Ride Your Dreams Performance Highlights Revenue from Operation EBITDA PAT Export Revenue 352.8 60.2 40.9 303.7 42.3 27.0 154.4 183.1 29.9 20.6 +54.9% p.a. 22.8 14.7 127.6 +49.2% Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 97.2 79.4 Revenue and Profitability Performance 53.2 53.2 ✓ Revenue from operations grew by 18.6% YoY in Q2FY27 and 16.2% YoY in H1FY27, supported by healthy demand across domestic and international markets ✓ Sharp volatility in crude oil prices led to a steep increase in styrene-based raw material costs, impacting profitability. Calibrated price increases have been implemented to partly offset this impact; however, a sustained recovery in margins will depend on raw material prices stabilizing FY24 FY25 FY26 H1FY26 H1FY27 ✓ Export ASP increased from ~₹1,600 in FY24 to ~₹2,000 in H1FY27, while SMK ASP improved from ~₹2,350 to ~₹2,900 over the same period, reflecting an improvement in product realisations Business Performance Building a Stronger Global ✓ Commenced commercial production at the new facility on 30 Oct’26, added 1.5 mn p.a units of helmet and box ✓ Incorporated a wholly owned subsidiary in Italy to establish a warehousing and distribution hub and strengthen Business Through Export-Led European market presence Growth ✓ Started in-house manufacturing of riding jackets, with Bluetooth-enabled communication systems launching in Nov’26 ✓ Participating in EICMA, Milan (Italy), and India Bike Week, Panchgani (Maharashtra), to strengthen brand visibility and rider engagement in Nov’26 Rs in cr Multi Dimensional Revenue Mix Product Mix Channel Mix Geography Mix 6.9% 6.1% 7.0% 6.6% 4.2% 5.9% 4.5% 4.8% 3.3% 4.1% 2.9% 4.0% 16.2% 23.4% 19.2% 21.9% 4 6.. 90% % 6.4% 4 7. .8 5% % 7.1% 12.8% 15.2% 1.1% 10.4% 2.4% 8.7% 19.7% 17.9% 1.3% 12.1% 0.7% 11.6% 12.8% 12.5% 15.4% 13.6% 13.7% 15.5% 83.8% 80.8% 76.9% 74.9% 76.6% 78.1% 70.2% 71.4% 56.3% 55.6% 51.6% 48.6% Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Row* Asia (Excluding India) Studds Helmets Private Labels Exports OEMs Europe India SMK Helmets Other Accessories Others# Distributor Network & EBO *includes Africa, Australia, Oceania, Nepal and Bangladesh #includes E-com, Government Channels, Others Private Labels – Daytona & ONeal Calculated on the gross billing Consolidated Profit & Loss Statement Pa [Showing first 8,000 characters — download PDF for full document]