JK Tyre & Industries Limited — Q2FY27 earnings call summary

Filed 30 October 2026 · Official transcript

Demand outlook steady with healthy growth in replacement and OEM segments; EV volumes up 24% q-q
Raw material costs up 9% q-q and 30% in last 6 months; further 4-5% increase expected in Q3
Capacity utilization above 90% in key segments; capex ongoing with INR 1,130 Cr expansion and INR 5,000 Cr planned
Mexico subsidiary revenue Rs.479 Cr; EBITDA Rs.23 Cr; recovery ongoing with expected sales normalization in Q3-Q4
Pricing increases of 7% q-q in Q2 and planned 4-5% hike in Q3 to offset inflation
Net debt increased to Rs.5,696 Cr due to capex and higher inventory from raw material price rise
Q2FY27 consolidated revenue Rs.4,850 Cr +20% y-y; EBITDA Rs.343 Cr +28% q-q; PAT Rs.60 Cr +40% q-q
Management expects gradual margin improvement in Q3 despite inflationary pressures