JK Tyre & Industries Limited — Q4FY26 earnings call summary

Filed 02 June 2026 · Official transcript

Demand outlook FY27: mid-single digit growth expected; no OEM order cuts; geopolitical risks remain
Raw material costs expected to rise 18-20% in Q1FY27; price hikes of 4-7% taken, further 5-6% underway
FY27 capex Rs.1,200 Cr planned; total Rs.6,110 Cr expansion by FY29, funded by debt and internal accruals
FY26 consolidated revenue Rs.16,384 Cr +11% y-y; EBITDA Rs.2,089 Cr +25%; PAT Rs.774 Cr +50%
JK Tornel Mexico stable FY26 revenue Rs.2,138 Cr; EBITDA Rs.141 Cr; PBT +63%, PAT +91% y-y
Management optimistic on USMCA extension and easing commodity prices post Q2FY27
Q4FY26 revenue Rs.4,233 Cr +12% y-y; EBITDA Rs.546 Cr +42%; EBITDA margin 12.9% +270 bps y-y
Net debt-to-equity improved to 0.73x; net debt-to-EBITDA 2.13x; working capital borrowings reduced