JK Tyre Q4 FY26: Higher profits, steadier margins, and a clearer EV story

Q4FY26 consolidated total income was INR 4,233 crore, EBITDA INR 546 crore and PAT INR 188 crore, as per the investor presentation.

FY26 consolidated total income was INR 16,384 crore, EBITDA INR 2,089 crore and PAT INR 774 crore, as per the investor presentation.

In Q4FY26, replacement was 63%, OEM 27% and exports 10% on a consolidated basis, as stated in the presentation and reiterated on the call.

In Q4FY26, Truck and Bus was 56%, Passenger Line Radial 27%, 2/3W 4% and Others 13% on a consolidated basis, as disclosed on the call and in the presentation.

Management said raw material prices are expected to rise by 18-20% in Q1FY27 versus Q4. To mitigate this, it initiated price hikes of 4-5% in replacement and 5-7% in exports, with further 5-6% hikes underway; OEM hikes are expected with a lag.

Management stated INR 1,130 crore of expansion projects are under implementation and targeted for completion by Q3 FY28. It also approved additional brownfield expansions of INR 4,980 crore in phases until 2029, and referenced total projects of INR 6,110 crore to be completed by FY29.