JK Tyre & Industries Ltd
JK Tyre & Industries Q2 FY26: Capex ₹1,400 Cr
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
JK Tyre expects double-digit revenue growth for FY26 and intends to stick to the 10% growth guidance despite recent GST cuts and festive demand surge. JK Tyre expects double-digit revenue growth for FY26, maintaining a 10% growth guidance despite recent GST cuts and festive demand surge.
From JK Tyre & Industries Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- JK Tyre expects double-digit revenue growth for FY26 and intends to stick to the 10% growth guidance despite recent GST cuts and festive demand surge.
- Strong demand momentum is seen across segments, with domestic volumes up by 15% YoY and exports growing by 13% QoQ.
- TBR replacement market volumes grew by 22% YoY, passenger line volumes by 16%, and farm segment OEM volumes by 78%.
- New capacity expansions totaling Rs.1,400 crores, including PCR, TBR, and all-steel light truck radial tyres, will increase capacity by 12-15%, supporting expected volume growth.
- Capacity utilization is currently high (~88%), and expansions will come online from Q3FY26 onwards, enabling the company to meet increased demand without constraints.
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Profitability & Margins
Read what JK Tyre & Industries Ltd said on margins in the Q2 FY26 call
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Capital Expenditure Plans
- Total expansion capex of Rs.1,400 crores underway, comprising:
- Passenger Car Radial (PCR) expansion at Banmore plant: Rs.1,025 crores
- Truck & Bus Radial (TBR) expansion at Laksar plant: Rs.261 crores
- All Steel Light Truck Radial (ASLTR) expansion at Mysore plant: Rs.112 crores
- Production for these expansions starting end of Q3 FY26, with full ramp-up over next 6 months
- Additional USD 21 million capex for Mexico operations, expected online from Q1 next financial year
- Total FY26 capex expected around Rs.1,200 - 1,300 crores (including maintenance capex)
- New capacities will increase overall capacity by 12-15% (including Mexico PCR capacity by 15%)
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
JK Tyre & Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹4.2K Cr, net profit ₹178 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What JK Tyre & Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were JK Tyre & Industries Ltd Q2 FY26 results?
JK Tyre expects double-digit revenue growth for FY26 and intends to stick to the 10% growth guidance despite recent GST cuts and festive demand surge. JK Tyre expects double-digit revenue growth for FY26, maintaining a 10% growth guidance despite recent GST cuts and festive demand surge.
What is JK Tyre & Industries Ltd share price analysis?
JK Tyre & Industries Ltd currently shows a neutral. The stock trades at a P/E of 13.6 with a market cap of ₹9,766 Cr. Investors should review the full earnings analysis for detailed insights.
Is JK Tyre & Industries Ltd planning capital expenditure?
Total expansion capex of Rs.1,400 crores underway, comprising: - Passenger Car Radial (PCR) expansion at Banmore plant: Rs.1,025 crores - Truck & Bus Radial (TBR) expansion at Laksar plant: Rs.261
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.