Operational Highlights of JK Tyre & Industries
Sales volumes grew 21% on a YoY basis across segments during Q4FY26, led by 42% growth in the OE market. Exports remained steady despite the ongoing geopolitical conflict in West Asia. The India business continued to anchor growth through the quarter, supported by firm domestic demand.
The company's subsidiary JK Tornel in Mexico contributed meaningfully to the consolidated financials during the quarter.
Investment Proposed by JK Tyre & Industries
On the capacity front, the board approved an expansion of Truck and Bus Radial (TBR) tyres and Passenger Car Radial (PCR) tyres at the Chennai Tyre Plant and Vikrant Tyre Plant. The existing combined capacity stands at 210 lakh tyres per annum, with current utilisation running at over 90% of installed capacity.
The proposed expansion will add 24% to this capacity, with the investment planned at ₹4,980 crore in phases. The additional capacity is targeted to be in place by FY30. The expansion is proposed to be funded through a combination of internal accruals and debt.
Full Year FY26 Performance of JK Tyre & Industries
For the full year ended March 31, 2026, JK Tyre & Industries reported consolidated revenue from operations of ₹16,326.65 crore, up from ₹14,692.92 crore in FY25. Including other income of ₹57.63 crore, total income for FY26 stood at ₹16,384.28 crore, compared to ₹14,772.20 crore in FY25.
Total expenses for FY26 were ₹15,195.95 crore, up from ₹14,027.15 crore in FY25. The cost of materials consumed for the year was ₹9,713.54 crore, against ₹9,084.84 crore in FY25.
Operating profit (PBIDT) for FY26 stood at ₹2,089.00 crore, up 24.5% from ₹1,677.83 crore in FY25. EBITDA margin for the full year came in at 12.8%. PBT came in at ₹1,042.74 crore against ₹713.43 crore in FY25.
Consolidated profit after tax for FY26 stood at ₹774.19 crore, up from ₹515.79 crore in FY25.
Dividend Declaration by JK Tyre & Industries
The board has recommended a dividend of ₹4 per equity share of ₹2 face value each, fully paid up, representing 200% of the face value, for the financial year ended March 31, 2026.
Management Commentary of JK Tyre & Industries
Dr. Raghupati Singhania, Chairman and Managing Director, said: “FY26 has been a landmark year for JK Tyre. We delivered record volumes across segments, attaining the highest ever annual consolidated revenue of ₹16,384 crore and achieving an EBITDA of ₹2,089 crore, an increase of 25% over the previous year."
He further added: "We registered a healthy double-digit growth of 11% in revenues on an annual basis, driven by buoyant demand supported by GST and personal tax reforms, softening of interest rates, improved economic activity, and the festive season. Our performance reflects the strength of our brands, operational discipline and an unwavering focus on value-accretive growth."
Dr. Singhania also said, "We have laid a strong foundation through capacity expansion and a greater focus on higher value-added products for both domestic and export markets. This positions us well to drive profitable growth in FY27, even as we navigate near-term input cost challenges amid a volatile global environment."
About JK Tyre & Industries Limited
JK Tyre & Industries Limited is one of India's leading tyre manufacturers, with a presence across the Truck and Bus Radial, Passenger Car Radial, and other tyre categories. The company sells its products primarily under the JK Tyre and Vikrant brands and serves both the OE and replacement markets in India. Its manufacturing footprint includes plants at Chennai and other locations in India, in addition to its Mexico-based subsidiary JK Tornel, which extends its presence into the North American market.
