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What is the story about?
Shares of JK Tyre & Industries
Ltd. surged 6% on Wednesday, May 27, after the tyre maker reported a strong set of quarterly earnings driven by robust growth in its India business and margin expansion across operations.
For the fourth quarter of FY26, the company reported a 12% year-on-year rise in revenue to ₹4,223 crore compared to ₹3,759 crore in the corresponding quarter last year.
EBITDA jumped 48% during the quarter, while operating margins expanded by 300 basis points. Gross margins also improved by 230 basis points, aided by better operating efficiencies and a favourable business mix.
The company’s India business remained the key growth driver during the quarter. Revenue from the domestic business increased 15% year-on-year, while margins in the segment expanded by 300 basis points.
The India business contributes nearly 90% of JK Tyre’s overall revenue, underlining the strength of domestic demand and execution.
In contrast, the Mexico business witnessed a 16% decline in revenue during the quarter, although margins in the segment improved by 120 basis points.
JK Tyre also announced plans to expand capacity through phased investments worth ₹4,980 crore.
For the fourth quarter of FY26, the company reported a 12% year-on-year rise in revenue to ₹4,223 crore compared to ₹3,759 crore in the corresponding quarter last year.
EBITDA jumped 48% during the quarter, while operating margins expanded by 300 basis points. Gross margins also improved by 230 basis points, aided by better operating efficiencies and a favourable business mix.
The company’s India business remained the key growth driver during the quarter. Revenue from the domestic business increased 15% year-on-year, while margins in the segment expanded by 300 basis points.
The India business contributes nearly 90% of JK Tyre’s overall revenue, underlining the strength of domestic demand and execution.
In contrast, the Mexico business witnessed a 16% decline in revenue during the quarter, although margins in the segment improved by 120 basis points.
JK Tyre also announced plans to expand capacity through phased investments worth ₹4,980 crore.
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