Q1-FY26 · Sanchuan Singana
Best ever performance of India operation clocked quarterly revenue of rupees 3475 crores up by 9% on year-on-year basis.
JK Tyre & Industries · tone and specificity signals across the available quarters.
Language signals
Best ever performance of India operation clocked quarterly revenue of rupees 3475 crores up by 9% on year-on-year basis.
We are fully ready to capture a potential opportunity in passenger and light truck market on account of closure of competing tire company's Mexican plant.
The scheme of amalgamation of Cavendish with JK tire is progressing well and has already been approved by stock exchanges and SEBI.
The continuing West Asia crisis led to a steep increase in raw material prices approximately by 20% versus Q4 FY26 which impacted our gross and operating margins.
We are expecting all the three quarters now onwards should be on a progressive basis improving in terms of margins. We will be able to come back to the normal range of broadly 11 to 13% in the second half.
This will fall down the next quarter. Yes, we are already seeing rubber prices to soften in India. So we are seeing some for this has definitely fallen.
We have recorded the highest ever revenue of rupees 4,235 crores at a consolidated level up by 15% on a year basis.
EBITDA stood at 583 crores with a margin of 13.8% reflecting a strong year-on-year expansion of 470 basis points.
We are targeting a double digit revenue growth and since you mentioned about the competition particularly CEAT please don't forget that they have a larger base of two-three wheeler as well and also that acquisition.
We delivered a record volume across segments attaining the highest ever annual consolidated revenue of rupees 16,384 crores a healthy double-digit growth of 11%.
To mitigate increase in raw material prices and sustain profitability margins, we have started increasing our selling price in a staggered manner.
We are developing a new passenger line tire tailored for both Mexican and US markets which will strengthen our product portfolio and market reach.