Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹4,235 Cr
verified against source
Revenue YoY
15%
reported change
EBITDA
₹583 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
JK Tyre reported a stellar Q3 FY26 with consolidated revenue of ₹4,235 crore (+15% YoY), EBITDA of ₹583 crore (+74% YoY) at a 13.8% margin (+470bps YoY), and PAT of ₹209 crore (3.7x YoY). The strong performance was driven by robust domestic volume growth of 16%, favorable raw material costs, and operating leverage. Management highlighted continued demand momentum across segments, with capacity utilization at 90%+ and a new ₹1,130 crore capex plan to expand capacity by 7%. Guidance for EBITDA margin remains in the 13-15% range, supported by premiumization and volume growth. Key risks include potential raw material cost increases of 1-2% in Q4 and geopolitical uncertainties in Mexico's export markets.
Colored figures show movement against the previous available record.
Guidance to track
- Management reaffirmed the 13-15% EBITDA margin range despite expected 1-2% raw material cost increase, citing volume growth and premiumization.
- Expansion across TBR, ASLTR, and PCR locations to increase overall capacity by ~7% over 1.5-2 years.
- The new PCR line started in October 2025 will attain full capacity by July 2026.
- Management expects revenue growth to remain in mid-double digits if current momentum continues.
Risks flagged
- Management expects raw material prices to rise 1-2% in Q4, which could pressure margins if not offset by price hikes.
- The upcoming USMCA review could affect JK Tyre's Mexico operations, which export 40% of production to the US.
- An analyst noted that a competitor reported 25% revenue growth vs JK Tyre's 15%, raising concerns about market share.
- The quarter included mark-to-market forex losses as an exceptional item, indicating exposure to currency fluctuations.
Key quotes
- We have recorded the highest ever revenue of rupees 4,235 crores at a consolidated level up by 15% on a year basis.
- EBITDA stood at 583 crores with a margin of 13.8% reflecting a strong year-on-year expansion of 470 basis points.
- We are targeting a double digit revenue growth and since you mentioned about the competition particularly CEAT please don't forget that they have a larger base of two-three wheeler as well and also that acquisition.
Research modules