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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TVS Motor Company
TVS Motor Company (532343) investor relations material
TVS Motor Company Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary28 Oct, 2026
Executive summary
Record Q2 FY2026-27 sales reached 1.919 million units, up 27% YoY; standalone operating revenue rose 44% to ₹17,103 crore and PAT rose 52% to ₹1,377 crore.
H1 sales were 3.550 million units, up 28% YoY; standalone operating revenue increased 41% to ₹30,999 crore and PAT rose 52% to ₹2,551 crore.
Financial highlights
Q2 standalone operating EBITDA rose 47% to ₹2,219 crore; PBT increased 52% to ₹1,865 crore and PAT rose 52% to ₹1,377 crore.
Q2 consolidated revenue from operations was ₹19,474 crore and PAT was ₹1,219 crore; basic and diluted EPS were ₹25.14.
H1 standalone PBT was ₹3,454 crore, up from ₹2,274 crore; H1 operating EBITDA rose 44% to ₹3,998 crore and PAT increased 52% to ₹2,551 crore.
H1 consolidated revenue from operations was ₹35,770 crore, PBT ₹3,336 crore and PAT ₹2,277 crore; EPS was ₹46.60.
Q2 export revenue was ₹4,378 crore and parts revenue was ₹1,314 crore.
Outlook and guidance
Management expects good single-digit industry growth in Q3, citing a strong prior-year November–December sales base, while remaining confident of outgrowing the market.
ICE two- and three-wheeler growth is expected to be single-digit; EV momentum and growth are expected to continue as capacity expands.
Further material-cost increases in Q3–Q4 are expected to be limited; Q4 costs may stabilize or soften slightly, with pricing reviewed against demand and affordability.
Two-wheeler capacity is expected to exceed 8 million units and three-wheeler capacity to approach 0.4 million; EV capacity is being expanded from 60,000–65,000 to 80,000 units.
Management expects continued EBITDA momentum, supported by revenue growth, product mix, pricing and cost reduction.
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Latest events from TVS Motor Company
- Motorcycles gained share, but lower PAT and industry price pressure tempered growth.532343
Q4 01/02 - Motorcycle-led growth lifted FY03 profit, but industry slowdown threatened margins.532343Q4 02/03
- FY04 profit grew as scooters, 4-stroke motorcycles and exports offset 2-stroke weakness.532343Q4 03/04
- Revenue grew, but input costs and weaker motorcycle sales weighed on profits.532343Q4 04/05
- Sales grew 15%, but input-cost pressure and a prior-year one-off reduced FY06 profits.532343Q4 05/06
- Sales grew 14%, but input-cost pressure cut PBT nearly in half as demand slowed.532343Q4 06/07
- Falling domestic volumes cut FY08 profits as exports grew and new products broadened reach.532343Q4 07/08
- Revenue grew, but higher finance costs held PAT nearly flat as exports surged.532343Q4 08/09
- Standalone earnings rebounded, but consolidated losses and financing risks persisted.532343Q4 09/10
- PAT more than doubled as two-wheeler sales rose 32%, despite rising market pressures.532343Q4 10/11
Next TVS Motor Company earnings date
Q3 26/2714 Feb, 2027
TVS Motor Company
Next TVS Motor Company earnings date
Q3 26/2714 Feb, 2027
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Frequently asked questions
TVS Motor Company Limited is an automotive manufacturer specializing in the production of two-wheelers and three-wheelers. The company offers a diverse range of products, including motorcycles, scooters, mopeds, and electric vehicles, catering to domestic and international markets. TVS Motor also provides aftermarket services, spare parts, and financial services for vehicle buyers. The company is headquartered in Chennai, India, and its shares are listed on the BSE.