India · Delayed Price · Currency is INR Tata Motors Earnings Call Transcripts
Fiscal Year 2026
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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.