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Revenue
₹4,223 Cr
verified against source
Revenue YoY
12%
reported change
EBITDA
₹546 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
JK Tyre delivered a strong Q4 FY26 with consolidated revenue of ₹4,233 crore (+12% YoY) and EBITDA of ₹546 crore (+42% YoY), driven by record volumes, improved product mix, and cost optimization. EBITDA margin expanded 270 bps to 12.9%. Domestic volumes grew 21% YoY led by OEM (42% growth) and replacement (19% growth). The board approved a ₹4,980 crore brownfield expansion for PCR and TBR to be phased until FY29, adding 24% capacity. Management expects raw material costs to rise 18-19% in Q1 FY27 but has initiated price hikes of 4-5% domestically and 5-7% in exports. Demand momentum is expected to continue, though geopolitical risks and input cost inflation remain key watchpoints.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects demand momentum to continue, with auto industry growing mid-single digits in FY27.
- Price increases have been implemented in Q1 FY27 to offset raw material cost inflation of 18-19%.
- Total expansion outlay of ₹6,110 crore (₹1,130 crore + ₹4,980 crore) to be spent over 3-4 years, with annual cash outflow of ~₹1,200 crore.
- The ₹4,980 crore expansion will be funded with a debt-to-equity ratio of 2:1, maintaining leverage ratios.
Risks flagged
- Management expects raw material prices to rise 18-19% in Q1 FY27 due to West Asia crisis, which could pressure margins if price hikes lag.
- West Asia crisis and USMCA review in July 2026 create uncertainty for exports and Mexico operations.
- Analyst raised concern about large players entering TBR/PCR segments; management cited brand strength and fleet management program as moats.
- Analyst flagged potential demand slowdown from price increases; management acknowledged but expects demand to remain buoyant.
Key quotes
- We delivered a record volume across segments attaining the highest ever annual consolidated revenue of rupees 16,384 crores a healthy double-digit growth of 11%.
- To mitigate increase in raw material prices and sustain profitability margins, we have started increasing our selling price in a staggered manner.
- We are developing a new passenger line tire tailored for both Mexican and US markets which will strengthen our product portfolio and market reach.
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