India · Delayed Price · Currency is INR JK Tyre & Industries Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY 2026 saw record revenue and profit growth, with strong domestic and export demand, margin expansion, and successful integration of Cavendish Industries. Capacity utilization remained high, and guidance for mid-double-digit growth and stable margins was reiterated.
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Achieved record quarterly revenue and EBITDA, driven by strong domestic and export demand, improved margins, and successful market diversification. CapEx projects are on track, with guidance for double-digit revenue growth and stable margins, despite tariff uncertainties.
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Strong revenue and volume growth were achieved across key segments, with premiumization and exports driving performance. Margins improved sequentially, and further expansion is expected as raw material prices remain benign and new capacities come online. Double-digit revenue growth is guided for the full year.
Fiscal Year 2025
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Q4 FY25 saw 2% YoY revenue growth and 15% sequential EBITDA rise, with strong replacement market volumes and margin expansion. Mexico business faced currency and tariff headwinds but expects recovery, while CapEx for FY26 is set at INR 900 crores.
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Q3 FY25 revenue was flat year-over-year at INR 3,694 crores, with margins pressured by higher raw material costs and strategic inventory depletion. Replacement market and premium segments drove growth, while ongoing CapEx and sustainability initiatives support future expansion.
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Q2 FY25 revenue declined YoY due to muted domestic volumes and higher raw material costs, but export growth and strong capacity utilization provided support. Capacity expansions and a major merger are underway, with debt reduction targeted over the next two years.
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Q1 FY25 delivered 33% net profit growth year-over-year, with margin expansion and strong export performance offsetting flat revenue due to lower OEM sales. Premiumization, capacity expansion, and digital initiatives supported profitability, while raw material inflation and currency volatility remain key risks.