TVS Motor Co.
TVS Motor Co. Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expectation of good single-digit growth for the industry in FY '27, with TVS anticipating growth ahead of the industry. - Domestic market: Strong momentum in scooters (Jupiter 110/125, Ntorq 125/150), EVs (iQube, Orbiter), and super-premium motorcycles (Apache, Ronin). - EV 2-wheeler penetration increasing (from 6.2% to 6.6% in FY '26), expected to continue rising. - International markets showing recovery and strong demand post challenges in '21-'23, with continued momentum expected in FY '27. - Capacity expansion underway to increase production capacity by 1.5 million to approx. TVS Motor expects continued strong growth momentum in FY '27, targeting single-digit growth ahead of the industry.
From TVS Motor Co.'s Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expectation of good single-digit growth for the industry in FY '27, with TVS anticipating growth ahead of the industry.
- Domestic market: Strong momentum in scooters (Jupiter 110/125, Ntorq 125/150), EVs (iQube, Orbiter), and super-premium motorcycles (Apache, Ronin).
- EV 2-wheeler penetration increasing (from 6.2% to 6.6% in FY '26), expected to continue rising.
- International markets showing recovery and strong demand post challenges in '21-'23, with continued momentum expected in FY '27.
- Capacity expansion underway to increase production capacity by 1.5 million to approx. 8.3 million vehicles over next 12 months to meet growing demand.
2 more points management made on revenue & sales performance
Profitability & Margins
See what TVS Motor Co. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total investment in the previous year was around INR 2,400 crores, primarily for Norton products, TVS Credit Services, and strategic investments in Dubai focusing on international markets.
- Fiscal 2027 investments expected to be INR 500-600 crores lower than INR 2,400 crores, approximately 70% of the previous year's investments.
- Capital expenditure (capex) for FY 2027 expected around INR 3,500 crores, including:
- Product development with about INR 2,000 crores.
- Capacity expansion by 1.5 million units (over 8.3 million total), costing over INR 1,000 crores.
- Increased investment in R&D, capability, and testing.
- Focused expansion on 2-wheeler and 3-wheeler capacities to meet demand growth.
2 more points management made on capital expenditure plans
Top-ranked in Automobiles
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.
Fundraising & Capital Structure
See what TVS Motor Co. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The transcript does not provide specific details or figures regarding the current or expected order book or pending orders for TVS Motor Company Limited.
- Discussion revolves around strong demand, especially in international markets like Africa, Latin America, and Asia, with good pull for TVS products.
- There is mention of a delay in container availability leading to a 15% increase in lead times, which impacts delivery schedules.
2 more points management made on order book & pipeline
TVS Motor Co. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹15.1K Cr, net profit ₹820 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What TVS Motor Company Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were TVS Motor Co. Q4 FY26 results?
Expectation of good single-digit growth for the industry in FY '27, with TVS anticipating growth ahead of the industry. - Domestic market: Strong momentum in scooters (Jupiter 110/125, Ntorq 125/150), EVs (iQube, Orbiter), and super-premium motorcycles (Apache, Ronin). - EV 2-wheeler penetration increasing (from 6.2% to 6.6% in FY '26), expected to continue rising. - International markets showing recovery and strong demand post challenges in '21-'23, with continued momentum expected in FY '27. - Capacity expansion underway to increase production capacity by 1.5 million to approx. TVS Motor expects continued strong growth momentum in FY '27, targeting single-digit growth ahead of the industry.
What is TVS Motor Co. share price analysis?
TVS Motor Co. currently shows a neutral. The stock trades at a P/E of 59.1 with a market cap of ₹204,620 Cr. Investors should review the full earnings analysis for detailed insights.
Is TVS Motor Co. planning capital expenditure?
Total investment in the previous year was around INR 2,400 crores, primarily for Norton products, TVS Credit Services, and strategic investments in Dubai focusing on international markets.
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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.