JK Tyre & Industries Ltd

JK Tyre & Industries Limited reported Q2 FY27 results with consolidated revenue of Rs.4,850 crore, up 20% YoY, driven by strong domestic sales growth (32% YoY) and increased exports (14% sequential). EBITDA rose to Rs.343 crore, up 28% sequentially, with EBITDA margins at 7.1%. The company highlighted robust demand across segments, including a 76% YoY growth in TBR OE volumes and 24% growth in EV tyre sales. Management noted rising raw material costs (30% increase in 6 months) but stated pricing actions and product mix improvements are mitigating margin pressures. Capacity utilization in India remained above 90%, and the company is expanding its OTR range and digital technologies. JK Tornel in Mexico saw revenue of Rs.479 crore and EBITDA of Rs.23 crore, with recovery efforts ongoing. The company also mentioned a 30% increase in inventory due to higher raw material prices and volume growth. Guidance for Q3 includes further raw material cost increases of 4-5% and planned price hikes to offset inflation. The company emphasized confidence in sustained growth, supported by R&D, product innovation, and strategic expansion plans.

The document emphasizes strong revenue growth, improved EBITDA, robust demand across segments, and confidence in future growth despite cost pressures.