MRF FY26 profit jumps 30% as revenue tops ₹31,000cr

Overview: strong FY26 finish for India’s largest tyre maker

MRF reported a sharp rise in earnings for the March-quarter and a stronger full-year performance for FY26, supported by higher sales. The company said consolidated revenue from operations for FY26 rose to ₹31,149.01 crore versus ₹28,153.00 crore in FY25. Separately, MRF also reported consolidated total income of ₹31,654 crore for the year ended 31 March 2026, up from ₹28,570 crore a year earlier. The operating performance in FY 2025-26 was described as robust, with MRF crossing the ₹30,000 crore sales milestone. Growth was noted in both the Replacement and Original Equipment (OE) segments.

FY26 at a glance: income, revenue and profit

Across the full year, MRF’s consolidated net profit was reported at ₹2,426.10 crore, compared with ₹1,873.29 crore in FY25. The company also stated that consolidated revenue from operations in FY26 stood at ₹31,149.01 crore, up from ₹28,153.00 crore in the previous fiscal. Another report cited a different FY26 revenue from operations figure of ₹30,652.1 crore (from ₹27,665.2 crore in FY25), while also giving net profit for the year as ₹2,355.4 crore (from ₹1,822.6 crore). In addition, MRF’s consolidated total income for FY26 was reported at ₹31,654 crore, up 11% from ₹28,570 crore in the prior year. Taken together, the reported numbers point to a year of higher sales and improved profitability.

Q4 FY26 results: profit jump and revenue above ₹8,000 crore

In the fourth quarter, MRF reported consolidated revenue from operations of ₹8,044.22 crore, compared with ₹7,074.82 crore in the year-ago period. The rise in quarterly revenue was reported as 13.7% year-on-year. On profit, one report said Q4 FY26 net profit jumped 38% to ₹702 crore, while another said profit surged 37% to ₹680 crore. While the exact Q4 profit figure varies across the reports quoted, both indicate a strong year-on-year improvement in quarterly earnings alongside higher sales.

Sales milestone: crossing ₹30,000 crore and what it signals

MRF’s FY 2025-26 operating performance was described as robust, with the company crossing the ₹30,000 crore sales milestone. The update highlighted growth in both major demand channels for tyres. The Replacement segment typically reflects demand from vehicle owners and fleet operators replacing worn tyres. The Original Equipment (OE) segment is linked to supply relationships with vehicle manufacturers. Growth in both segments suggests demand was not concentrated in a single channel during the year.

Q3 FY26 momentum: record revenue and higher profitability

MRF’s Q3 FY26 numbers also indicated strong traction ahead of the March-quarter close. For the quarter ended December 2025 (Q3 FY 2025-26), the company reported net profit of ₹691.83 crore, up 119.32% year-on-year, along with record revenue of ₹8,050.43 crore, up 14.99% year-on-year. Another update for the same quarter reported total income of ₹8,175.01 crore, up 9.2% quarter-on-quarter from Q2 FY26 total income of ₹7,486.82 crore, and up 15.2% year-on-year from Q3 FY25 total income of ₹7,098.90 crore. The Q3 snapshot also included EBITDA of ₹1,446.62 crore, showing stronger operating performance during the quarter.

Dividend: board recommends ₹229 per share

Alongside the FY26 performance, the board recommended a final dividend of ₹229 per share. Dividend announcements are closely tracked by investors because they reflect payout decisions after considering profitability and capital needs. The final dividend recommendation accompanies a year in which full-year consolidated profit rose strongly from FY25 levels.

Key reported financial numbers (FY26 and recent quarters)

Q3 FY26: reported operational metrics snapshot

How the year unfolded: replacement and OE demand in focus

The company’s FY 2025-26 update pointed to significant growth in both Replacement and OE segments, which are the two key levers for tyre makers. Replacement demand is often influenced by vehicle usage and maintenance cycles, while OE volumes depend on production schedules and procurement from automobile manufacturers. Reporting growth in both segments can indicate broader-based demand rather than a single customer or channel driving performance. MRF’s ability to cross the ₹30,000 crore sales milestone during FY26, alongside higher quarterly revenues such as ₹8,044.22 crore in Q4, fits into this wider picture of improving volumes and realisations.

Market impact: what the numbers mean for investors

For investors, FY26 marks a year where consolidated revenue from operations increased from ₹28,153.00 crore to ₹31,149.01 crore, while consolidated net profit rose from ₹1,873.29 crore to ₹2,426.10 crore. The Q4 revenue growth to ₹8,044.22 crore from ₹7,074.82 crore also signals a strong finish to the year. The final dividend recommendation of ₹229 per share adds a clear data point on shareholder returns for the period. At the same time, readers should note that multiple reports cited differing full-year revenue and net profit figures, even though several references attributed the ₹31,149.01 crore revenue from operations and ₹2,426.10 crore net profit to the company’s regulatory filing.

Why this matters: consistency across quarters

The sequence of quarterly updates helps explain the full-year outcome. Q3 FY26 showed record revenue of ₹8,050.43 crore and net profit of ₹691.83 crore, and Q4 FY26 revenue from operations was reported at ₹8,044.22 crore, broadly sustaining the ₹8,000 crore quarterly run-rate. Full-year revenue from operations above ₹31,000 crore and a final dividend recommendation together place FY26 as a notable year in MRF’s recent financial trajectory, especially given the reported improvements over FY25.

Conclusion: FY26 closes with higher sales and profit

MRF closed FY26 with consolidated total income of ₹31,654 crore and consolidated revenue from operations of ₹31,149.01 crore, alongside consolidated net profit of ₹2,426.10 crore. The March-quarter revenue of ₹8,044.22 crore and the board’s final dividend recommendation of ₹229 per share were key highlights from the year-end disclosures. The company’s FY26 commentary also emphasised growth across Replacement and OE segments, supporting the ₹30,000 crore sales milestone. The next concrete milestone for investors will be tracking subsequent quarterly filings for whether the ₹8,000 crore-plus quarterly revenue trend sustains.