India · Delayed Price · Currency is INR Tata Motors Earnings Call Transcripts
Fiscal Year 2027
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Q1 delivered strong revenue and profit growth, driven by robust volumes, EV momentum, and international orders. Commodity inflation and supply chain issues were managed through price hikes and cost controls, while free cash flow and liquidity improved significantly.
Fiscal Year 2026
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Record FY 2026 results with double-digit growth in volumes, revenue, and margins, driven by strategic shifts to demand-pull, digital, and non-cyclical businesses. Focus areas include electrification, global expansion via Iveco, and downstream growth, with disciplined execution and technology investments supporting sustainable, profitable growth.
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Revenue grew 11% YoY to INR 77,000 crores in FY 2026, with EBITDA margin expanding to 13.2%. Strong cash generation, market share gains, and robust international growth were achieved despite commodity and geopolitical headwinds. Guidance remains cautious, with a focus on cost control and selective investments.
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Q3 FY26 delivered strong revenue and margin growth, with robust cash flow and double-digit volume increases across segments. Commodity inflation and supply chain pressures persist, but price hikes and disciplined capital management support a positive outlook into next year.
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Q2 FY 2026 saw strong revenue and margin growth, record free cash flow, and a successful demerger and listing. Exports surged 75% YoY, digital and non-cyclical businesses expanded, and robust demand is expected to continue in H2, supported by GST cuts and industry recovery.
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Announced a EUR 3.8 billion acquisition of Iveco Group (excluding defense), creating a global commercial vehicle leader with complementary portfolios and strong synergies. The combined entity targets 20% ROCE, robust free cash flow, and EPS breakeven within two years.