Abhishek Securities

  Homegrown helmet maker Studds Accessories aims to increase its market share in India to 40 per cent over the next three years. Sidhartha Bhushan Khurana, MD - Studds Accessories Ltd, confirmed the development to carandbike recently. The company expanded its production capacity to 14 million units per annum with the inauguration of two new facilities earlier this year. Studds currently holds a market share of 30 per cent in the helmet segment and aims to capitalise on the newfound push for personal mobility in the post COVID era. With India being the largest two-wheeler market in the world, the growth potential is immense for the company. Responding to a query about growth plans from carandbike, Sidhartha Bhushan Khurana said, "Studds currently has around 30 per cent of the share in the Indian helmet market and it is the largest amongst all helmet manufacturers in the country. While the demands have been subdued because of the COVID-induced lockdown, we have continued to see grow...

Studds, the world’s largest helmet-maker by volume, aims to capture over 40 per cent of the domestic market over the next three years. The home-grown company has logged a CAGR of 32 per cent over the last three financial years and, despite the annoying pandemic, aims to grow at around 10 per cent in FY21 too.  “According to a 2018 report, 65-70 per cent of the market is for the organised or the ISI-certified players; whereas the rest of the 30 per cent is for the unorganised players.. According to a 2018 Frost and Sullivan report, we have a 27 per cent market share, which has grown to, I guess, 30 per cent now. We want to take this number to 40 per cent in the next three years,” Sidhartha Bhushan Khurana, Managing Director, STUDDS Accessories Ltd told this publication. “The first quarter of FY21 was affected by the pandemic and we saw a 50% decline YoY,” he admitted, “but given the quick recovery, we are hopeful to end this fiscal with 10% per cent growth. However, in FY 22, we loo...