JK Tyre Q4FY26 Results: Net Profit Jumps 80% To ₹178 Crore

JK Tyre & Industries delivered a sharp recovery in the March quarter, with consolidated net profit rising 80.2% year-on-year (YoY) to ₹178 crore from ₹99 crore, as volume growth, a better product mix and cost discipline combined to push margins to their highest level in recent quarters.

On Wednesday at 12:59 PM, JK Tyre & Industries shares were up by more than 4%, trading near ₹413.00.

Revenue from operations grew 12.4% to ₹4,223.4 crore from ₹3,758.6 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 47.9% to ₹537.1 crore from ₹363.1 crore, with margin expanding to 12.7% from 9.7% in Q4FY25.

The board recommended a dividend of ₹4 per equity share of face value ₹2 for FY26.

Key Q4 Numbers At A Glance

• Net profit: ₹178 crore, up 80.2% YoY.
• Revenue from operations: ₹4,223.4 crore, up 12.4% YoY.
• Earnings Before Interest, Tax, Depreciation and Amortisation: ₹537.1 crore, up 47.9% YoY.
• Earnings Before Interest, Tax, Depreciation and Amortisation margin: 12.7% vs 9.7% in Q4FY25.
• India segment revenue: ₹3,903.25 crore vs ₹3,406.41 crore in Q4FY25.
• Mexico segment revenue: ₹377.57 crore vs ₹449.60 crore in Q4FY25.
• Total segment revenue: ₹4,281.91 crore.
• Dividend: ₹4 per share.

What Drove The Quarter

Domestic demand was the primary engine. India sales volumes grew 21% year-on-year across segments during the quarter, with the original equipment manufacturer segment delivering a particularly sharp 42% jump.

The tailwinds behind that performance included GST and personal tax reforms, easing interest rates and improved broader economic activity, according to the company.

Exports held up despite geopolitical headwinds from the West Asia conflict. The Mexico subsidiary, JK Tornel, added to consolidated performance, though its revenue contribution slipped slightly year-on-year to ₹377.57 crore from ₹449.60 crore.

FY26 Full Year Highlights

Chairman and Managing Director Raghupati Singhania described FY26 as a landmark year for the company.

Annual consolidated revenue reached an all-time high of ₹16,386.7 crore, while full year EBITDA rose to ₹2,089 crore. The EBITDA margin improved to 12.8%. Record volumes were achieved across segments during the year.

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The ₹4,980 Crore Expansion

Alongside the quarterly results, JK Tyre announced a ₹4,980 crore capital expenditure programme aimed at scaling truck and bus radial and passenger car radial tyre production capacities by 24% by FY30. The board approved the programme under Securities and

Exchange Board of India disclosure norms. Singhania said the capacity build-out reflects the company's intent to capture higher value-added product demand in both domestic and export markets, even as near-term input cost pressures from global commodity movements remain a challenge heading into FY27.

Sources:

CNBC TV18

The Economic Times

Fortune India