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Earnings Call Transcript

JK Tyre & Industries Earnings Call Transcript: Key Takeaways

JK Tyre reported Q1FY27 consolidated revenue of Rs.3,956 Cr, up 2% YoY, while EBITDA fell to Rs.268 Cr (6.8% margin) due to a 20% surge in raw material costs.

Guidance and delivery
Management target Revenue 11.0% FY27
Highlights
Revenue growthDouble-digit (10-11%) expected for FY27.
MarginsQ1 margins suppressed; recovery to 11-13% expected in H2.
Demand visibilityStrong domestic momentum; replacement and OEM demand intact.
Management confidenceHigh on domestic demand and H2 margin recovery.

Growth

Domestic volumes grew 25% YoY; Revenue grew 2% YoY. Consolidated PAT stood at Rs.43 Cr.

Outlook

Guided 10-11% revenue growth for FY27; aiming for 11-13% margins in H2 through staggered price hikes and capex.

Risks

High raw material inflation (20% sequential), geopolitical disruptions in Mexico, and increased Net Debt to Rs.4,945 Cr.

Last quarter's promises, checked

Delivered

  • Guided 18-20% RM price increase → delivered 20% (= BEAT)
  • Guided 4-5% price hike in replacement → delivered 5% (= BEAT)
  • Guided Rs.1,200 Cr annual capex outlay → delivered on track (= BEAT)

Partly delivered

  • Guided 5-6% further price hikes → delivered 11% cumulative (= PARTIAL)

Missed

  • Guided FY26 EBITDA margin 12.8% → delivered Q1FY27 6.8% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: JKTYRE. Summary written with AI assistance from the document.

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JK Tyre & Industries Ltd: key numbers

Share price
₹345.85
Market cap
₹9,970 Cr
Revenue (annual)
₹16,327 Cr
Net profit (annual)
₹776.1 Cr
P/E (TTM)
15.3×Sector 33.6×
Promoter holding
51.72%+0.00% QoQ
FII holding
15.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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