TVS Motor Company Ltd — Q4FY26 earnings call summary

Filed 19 May 2026 · Official transcript

FY27 capacity to increase by 1.5 million units to 8.3 million; capex guidance INR3,500 Cr including INR1,000 Cr+ for capacity
Multiple analyst queries on growth outlook, commodity inflation, capacity expansion, and international market dynamics addressed by management
FY26 sales volume grew 24% to 5.9 million units; revenue up 30% to INR47,270 Cr; operating PBT up 40% to INR4,975 Cr
FY27 growth outlook: good single-digit industry growth; scooters and EVs expected to grow faster; premium and super-premium segments strong
New product launches: Orbiter V1 & V2 EVs, TVS King Kargo Heavy Duty CNG, Norton new models launching FY27 Q2
Supply chain challenges easing; expect Q1 FY27 growth ahead of industry; commodity inflation 3-5% of revenue, 35% offset by price hikes
Hyundai partnership to co-develop electric 3-wheeler; details and launch timeline to be shared closer to launch
Q4 revenue INR12,808 Cr (+36% y-y), EBITDA margin 13.1%, operating EBITDA INR1,679 Cr, PBT INR1,358 Cr