Steelbird Hi-Tech aims Rs 1 000 crore in revenue this fiscal

Mumbai, Apr 6 (PTI) Helmet maker Steelbird Hi-Tech India on Monday said it is aiming to achieve Rs 1,000 crore in revenue this fiscal, as it looks to launch 12 new models across categories, including mid and premium segments.
    The long-term target, however, remains progressing towards achieving 25 million helmets annually and Rs 2,500 crore turnover by FY33, Steelbird said.
    The company is estimated to have clocked Rs 869 crore in revenue in the just concluded fiscal, reflecting steady growth driven by strong market demand, aggressive retail expansion, and continuous investments in manufacturing capabilities, Steelbird Hi-Tech said.
    "Looking ahead, Steelbird has set an ambitious roadmap. It aims to cross Rs 1,000 crore topline in FY 2026-27, while progressing towards its long-term vision of achieving 25 million helmets annually and Rs 2,500 crore turnover by FY 2032-33," the company said.
    It produced 9.85 million helmets in the previous fiscal, further strengthening its leadership in the country's rapidly expanding two-wheeler safety market, the company added.
    "Steelbird's growth is a reflection of our focus on safety, scale, and accessibility. As India continues to witness a surge in two-wheeler usage, the need for high-quality protective gear becomes even more critical. Our goal is not just to grow as a business, but to drive a larger movement around road safety in the country," said Rajeev Kapur, Managing Director, Steelbird Hi-Tech India Limited.
    According to the Federation of Indian Automobile Dealers' Association, the two-wheeler segment grew 13.40 per cent year-on-year to 2.14 crore units in the financial year ended March 31 this year, reclaiming the pre-COVID-19 peak.
    In a major scale-up move, Steelbird said, it has now increased its daily production capacity to 60,000 helmets to cater to the rising demand, and this production boost comes on the back of ongoing automation, process optimisation, and capacity enhancement initiatives across its manufacturing facilities.
    With production nearing 10 million units annually and a strong retail backbone, the company is well-positioned to accelerate its next phase of growth, said Kapur.
    "Our investments in technology, design innovation, and distribution are enabling us to reach more riders while delivering products that combine safety, comfort, and style," he added.
    The company said it has also expanded its retail footprint rapidly, and has also witnessed rapid expansion, with its exclusive Rider Shop network crossing 350+ outlets nationwide.
    These outlets are playing a crucial role in strengthening last-mile connectivity with consumers while enhancing brand visibility and customer engagement across Tier 1, Tier 2, and emerging markets, Steelbird said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)