JK Tyre Q2 FY27 Revenue Surges 20% to ₹4,850 Crore
JK Tyre & Industries reported its highest-ever Q2 FY27 turnover of ₹4,850 crore, up 20% YoY. Domestic sales grew 32% driven by OE sales. Raw material costs increased significantly, but the company managed through pricing and efficiencies. Consolidated PAT rose 40% sequentially to ₹60 crore. The company anticipates further raw material cost hikes and plans for NSR increases.
The announcement details strong financial performance, including record turnover and significant profit growth, alongside operational achievements and future growth strategies, which are material factors for investors.
The company reported its highest-ever turnover, significant year-on-year growth in revenue and PAT, and strong operational performance across segments despite rising raw material costs. The positive outlook on demand and strategic initiatives further support the positive sentiment.
JK Tyre & Industries Limited announced its financial results for the second quarter of FY27, reporting its highest-ever turnover of ₹4,850 crore, a 20% increase year-on-year. The company's performance was driven by robust growth across markets and product segments, with domestic sales increasing by 32% year-on-year, boosted by a 65% rise in OE sales post GST 2.0 reforms.
The company experienced a significant increase in raw material costs, with an average increase of approximately 9% over the previous quarter and 22% in Q1FY27, primarily due to geopolitical uncertainties and supply chain disruptions. Despite these headwinds, JK Tyre managed these cost pressures through product mix improvements, calibrated pricing actions, and internal efficiencies. The TBR and PCR segments showed strong double-digit OE volume growth of 76% and 35% respectively.
Premiumization continues to be a key growth driver, with nearly 30% of passenger tyre volumes in H1 FY27 being premium SKUs (16-inch and above). EV volumes surged by 24% over the previous quarter, and the company highlighted its leadership in the electric truck and bus segment, with its EV-specific tyre being introduced on the new MG Hector Tomahawk.
Operationally, domestic volumes grew by 22%, with OE market up 25% and replacement markets up 20%. TBR volumes in the OE market grew by 76%, and PLR volumes saw a 14% growth. The farm category volumes also showed significant growth. JK Tyre also expanded its OTR range and onboarded over 80 new dealers. The company was awarded the 'Mahatma Award for Community Initiatives 2026' for the fourth consecutive time.
In Mexico, JK Tornel reported total revenue of ₹479 crore and EBITDA of ₹23 crore, marking an improvement in its recovery journey. The company is progressing with its upgradation and modernization project at JK Tornel.
Consolidated EBITDA for Q2 FY27 was ₹343 crore, up 28% sequentially, with EBITDA margins at 7.1%. Profit After Tax (PAT) stood at ₹60 crore, up 40% sequentially. Consolidated Net Debt as of September 30, 2026, was ₹5,696 crore, an increase of ₹751 crore QoQ, primarily due to increased capex-led borrowings and working capital requirements for higher raw material prices and volumes.
Looking ahead, the company anticipates further raw material cost increases of 4-5% in Q3 and plans for a 4-5% increase in Net Selling Realization (NSR). The company has guided for a full-year capex of approximately ₹500 crore for the remaining period and plans for further phased capex of around ₹5,000 crore.
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