JK Tyre & Industries Limited — Q1FY27 Earnings Call Summary

JKTYRE · Q1FY27 · Filed 14 Aug 2026

Key Takeaways

• Capacity utilization ~95% in India; expansion capex Rs.4,980 Cr underway, adding ~7% capacity by FY27 end
• Raw material costs up ~20% sequentially; margins expected to improve from H2FY27 with price hikes and cost measures
• Natural rubber prices softening; price hikes expected to cover RM cost increases except minor 1-2%
• Management expects FY27 revenue growth in double digits (~10-11%) and operating margin around 10-11%
• Domestic volumes +25% y-y; OEM volumes +42%; price hikes of ~5% taken in Q1, 8-9% expected in Q2
• Mexico operations impacted by supply chain and IR issues; normalized production expected in remaining quarters
• Net debt Rs.4,945 Cr, up Rs.500 Cr QoQ due to capex and working capital; leverage ratios comfortable
• Q1FY27 consolidated revenue Rs.3,956 Cr, +2% y-y; EBITDA Rs.268 Cr, margin 6.8% vs 10.9% Q1FY26; PAT Rs.43 Cr
• EV tyre volumes growing double-digit; EV tyres have 5-10% shorter life due to higher torque
• USMCA agreement renewed for 10 years, favorable for Mexico exports

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.