JK Tyre Sees 80% Profit Surge and Plans Major Expansion

JK Tyre & Industries on Tuesday reported 80 per cent year-on-year jump in consolidated net profit to Rs 177.96 crore for the fourth quarter ended March 31, 2026, helped by double-digit volume gains in the domestic market.

The tyre maker, which announced an investment of Rs 4,980 crore to expand tyre manufacturing capacity for trucks and buses by 2030, had reported a net profit of Rs 98.66 crore for January-March period of the last fiscal.

Revenue from operations rose 12.36 per cent to Rs 4,223.44 crore in the fourth quarter of FY26 from Rs 3,758.60 crore a year ago.

Total expenses of the JK Organisation flagship firm were at Rs 3,909.65 crore in Q4 FY26.

JK Tyre's revenue from the India business was up 14.6 per cent to Rs 3,903.25 crore in March quarter FY26.

''The company's India business continued to anchor growth during Q4, reflecting a strong domestic demand. Sales volumes grew by 21 per cent on a year-on-year basis across segments, led by an impressive 42 per cent growth in OE market,'' said JK Tyre in its earnings statement.

Revenue from the Mexico business was down 16 per cent to Rs 377.57 crore in the quarter.

''Exports remained resilient, despite geopolitical uncertainties, including the ongoing West Asia conflict,'' it said.

Total income, which includes other income, was at Rs 4,232.83 crore, up 12 per cent year-on-year.

In the entire FY26, JK Tyre's net profit was up 52.34 per cent to Rs 775.901 crore. Total revenue was at Rs 16,384 crore, up 10.9 per cent year-on-year.

''FY26 has been a landmark year for JK Tyre. We delivered record volumes across segments, attaining the highest ever annual consolidated revenue of Rs 16,384 crore and achieving an EBITDA of Rs 2,089 crore, an increase of 25 per cent over the previous year,'' Chairman & Managing Director Raghupati Singhania said.

The double-digit revenue growth was driven by buoyant demand supported by GST and personal tax reforms, softening of interest rates, improved economic activity, and the festive season, he said.

Meanwhile, in a separate filing, JK Tyre said its board also approved investment of Rs 4,980 crore for ''expansion for Truck & Bus Radial (TBR) Tyres and Passenger Car Radial (PCR) Tyres in phases''.

The company said the funding will be through internal accruals and debt.

Giving the rationale behind the investment, JK Tyre said the Indian tyre industry is witnessing a robust demand across categories and hence the company needs to maintain its market presence.

Meanwhile, in a separate filing, JK Tyre informed that its board has recommended a dividend of Rs 4 per equity share of face value of Rs 2 for FY26.

JK Tyre shares on Tuesday ended 1.97 per cent up at Rs 394.10 apiece on BSE.

(With inputs from agencies.)