JK Tyre & Industries (530007) Q4 25/26 earnings summary

Executive summary

• Achieved record annual consolidated revenue of ₹16,384 crore in FY26, up 11% year-over-year, with Q4 revenue at ₹4,233 crore, and EBITDA of ₹2,089 crore, up 25% year-over-year; Q4 EBITDA was ₹546 crore, up 42% year-over-year.

• Q4 PAT surged 83% to ₹188 crore; full-year PAT rose 50% to ₹774 crore.

• Strong volume growth in domestic and export markets, led by premium tire sales, farm sector, and 21% India volume growth; OE market up 42%.

• Board recommended a ₹4 per share (200%) dividend for FY26.

• Recognized for innovation, sustainability, and digital transformation, including green and smart tyre launches.

Financial highlights

• FY26 profit before tax rose 46% to ₹1,043 crore; Q4 PBT up 92% year-over-year.

• Cash profit for Q4 FY26 increased 69% to ₹446 crore; full-year cash profit up 38% to ₹1,661 crore.

• FY26 EPS was ₹27.24, up from ₹17.88 in FY25; Q4 EPS at ₹6.65.

• Return on capital employed (ROC) and return on equity (ROE) were robust at 16.8% and 14%, respectively.

• Net cash from operating activities for FY26 was ₹1,444 crore, up from ₹716 crore in FY25.

Outlook and guidance

• Demand momentum expected to continue in FY27, supported by private consumption, infrastructure investment, and focus on capacity expansion and value-added products.

• Raw material prices anticipated to rise 18-20% in Q1 FY27; further price hikes planned to offset cost pressures.

• CapEx of ₹6,000 crore planned through FY29, with annual outlay of ₹1,200 crore, funded by internal accruals and debt.

• Continued focus on sustainability, innovation, and global expansion, with investments in R&D and green technologies.