Financial Highlights - Q4 FY26 (Consolidated)

  • Net Revenue from Operations: ₹167.5 crore (up 11.9% YoY from ₹149.8 crore in Q4 FY25)
  • EBITDA: ₹31.3 crore (up 11.0% YoY from ₹28.2 crore in Q4 FY25)
  • EBITDA Margin: 18.7% (compared to 18.8% in Q4 FY25)
  • Profit After Tax: ₹21.1 crore (up 6.1% YoY from ₹19.9 crore in Q4 FY25)
  • PAT Margin: 12.6% (compared to 13.3% in Q4 FY25)

Financial Highlights - Full Year FY26 (Consolidated)

  • Net Revenue from Operations: ₹634.2 crore (up 8.6% YoY from ₹584.0 crore in FY25)
  • EBITDA: ₹122.2 crore (up 16.4% YoY from ₹105.0 crore in FY25)
  • EBITDA Margin: 19.3% (improved from 18.0% in FY25)
  • Profit After Tax: ₹82.7 crore (up 18.7% YoY from ₹69.6 crore in FY25)
  • PAT Margin: 13.0% (improved from 11.9% in FY25)

Management Commentary

From Managing Director Sidhartha Bhushan Khurana:

  • Strong performance driven by healthy growth across domestic and export markets
  • Improved product mix, premiumisation initiatives, operational efficiencies, and strong brand acceptance
  • Raw material prices witnessing upward trend since March 2026, but no challenges with sourcing or availability of key inputs
  • Implemented calibrated price hikes averaging 8-9% across portfolio and distribution channels to safeguard against rising input costs

Strategic Initiatives

  • Onboarding globally recognized premium riding gear, helmet and motorsports brand Alpinestars under private-label helmet segment
  • Establishing presence in Europe, particularly in Italy, with operations expected to commence from Q2 FY27

Capacity Expansion

  • Phase-I capacity expansion of 1.5 million helmets per annum progressing as planned
  • Expected to commence operations by Q2 FY27
  • Additional 1.5 million helmets planned for capacity expansion over next 15-18 months
  • Post completion, total installed capacity will increase by 30% over FY26 levels to 12.5 million helmets per annum

Company Overview

  • India's largest two-wheeler helmet manufacturer
  • Installed capacity of ~9.5 million two-wheeler helmets and boxes across four vertically integrated manufacturing units
  • Portfolio of 240+ designs and 19,000+ SKUs
  • 360+ active distributors across India
  • Serves customers in 70+ international markets
  • Over five decades of industry leadership

Safe Harbor Statement

Forward-looking statements subject to numerous risks and uncertainties, not necessarily predictive of future results. Company assumes no obligation to update forward-looking statements.