JK Tyre & Industries Limited announced its Q4 and full-year FY26 financial results, highlighting a remarkable year marked by record revenues and profit growth. The company achieved its highest-ever consolidated revenue of ₹16,384 crore for FY26, an 11% increase year-on-year. EBITDA grew by 25% to ₹2,089 crore. The fourth quarter also saw robust performance with a 12% rise in consolidated revenue to ₹4,233 crore and a 42% increase in EBITDA to ₹546 crore.
Strong Financial Performance for FY26
JK Tyre & Industries Limited has declared an outstanding financial year for FY26, achieving several key milestones. The company reported a consolidated revenue of ₹16,384 crore, marking an 11% year-on-year growth and its highest ever annual consolidated revenue. The consolidated EBITDA for the fiscal year stood at ₹2,089 crore, reflecting a significant 25% increase over the previous year. Notably, the company crossed a record ₹1,000 crore in Profits Before Tax (PBT) for FY’26. This performance underscores the strength of its brands, operational discipline, and a consistent focus on value creation.
Q4 FY26 Highlights
The fourth quarter of FY26 also demonstrated strong momentum, with a consolidated revenue of ₹4,233 crore, up 12% year-on-year from ₹3,780 crore in the corresponding quarter of the previous year. Consolidated EBITDA for Q4 surged by 42% to ₹546 crore, compared to ₹384 crore in Q4 FY25. The EBITDA margin expanded by 270 basis points to 12.9% in Q4 FY26, driven by higher volumes, an improved product mix, and sustained cost optimization initiatives. Cash profit for Q4 FY26 saw a remarkable 69% increase, reaching ₹446 crore.
Operational and Market Performance
The company experienced healthy volume growth across various segments. Domestic markets recorded a 21% volume growth, with the OE market showing a robust 42% increase. Exports demonstrated resilience, with overall export volumes increasing by 5% for the full year. The farm category volumes saw a significant 58% YoY growth, while 2/3W category volumes in the OE segment grew by 72%. The company also strengthened its sales network and enhanced market reach by adding over 50 new brand shops and securing new approvals from leading OEMs.
Expansion and Future Outlook
In response to demand growth, the Board has approved additional brownfield expansions for PCR and TBR segments, with an aggregate cost of ₹4,980 crore, to be undertaken in phases until 2029. This expansion is expected to increase TBR and PCR capacities by 24%. The company is also focusing on digital transformation, implementing AI-enabled platforms to streamline processes and enhance automation. The demand in the tyre industry is expected to remain buoyant for FY27, supported by healthy growth in both replacement and OE markets.
Financial Position
As of March 31, 2026, the consolidated debt stood at ₹4,445 crore. The company maintained healthy leverage ratios, with net debt-to-equity at 0.73x and net debt-to-EBITDA at 2.13x. The balance sheet remains robust, reflecting efficient working capital management and strategic utilization of funds for expansion projects.
Key Financial Metrics (FY26)
- Consolidated Revenue: ₹16,384 crore (up 11% YoY)
- Consolidated EBITDA: ₹2,089 crore (up 25% YoY)
- EBITDA Margin: 12.8%
- Profit Before Tax (PBT): Crossed ₹1,000 crore
- Profit After Tax (PAT): ₹774 crore (up 50% YoY)
Key Financial Metrics (Q4 FY26)
- Consolidated Revenue: ₹4,233 crore (up 12% YoY)
- Consolidated EBITDA: ₹546 crore (up 42% YoY)
- EBITDA Margin: 12.9% (up 270 bps YoY)
- Cash Profit: ₹446 crore (up 69% YoY)
Source: BSE
