Date: 10th August 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

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Financial Results

Consolidated revenues increased by 11% to ₹16,384 crore for FY 2025-26.

EBITDA grew by 25% to ₹2,089 crore.

PAT rose by 50% to ₹174 crore.

Disinvestment / Strategic Actions

The amalgamation of Laksar Tyre Plant with the Company became effective in December 2025.

Capacity utilization of Laksar plant increased from approximately 30% at time of acquisition to nearly 95% on an expanded base.

Overview

India continued as one of the world's most resilient and fastest-growing large economies. Infrastructure development, rural recovery and strong momentum across mobility segments supported domestic demand. GST 2.0 implementation improved buying power. Global environment remained challenging with geopolitical volatility, tariff uncertainty and logistics disruptions. Raw material prices rose sharply due to crude-linked cost escalation.

Key Highlights - FY 2025-26

  • Launch of India's first embedded 'SMART' passenger car tyres
  • Successful completion of expansion of Banmore Tyre Plant, Phase-III
  • Commissioning of India's first tyre buffing and grinding machine at NATRAX
  • First Indian tyre manufacturer to publish environmental product declarations for Vikrant, Laksar and Chennai Plants
  • Achievement of reduction in carbon emission intensity by 50% in FY 2025-26, ahead of 2030 schedule
  • JK Tyre Levitas entered Guinness World Records for Highest Altitude Car Drift at 19,000 feet at Umling La Pass
  • Kush Maini, JK Tyre protege, became first Indian to win a Formula-2 race at Monaco

Expansion Projects

Projects with an outlay of ₹1,400 crore were commissioned for capacity enhancement of PCR and TBR tyres.

Further projects worth ₹1,130 crore are under implementation for expansion of Commercial Tyres.

Board approved investment of ₹4,980 crore for further expansion of capacities in phased manner.

Premiumisation and Customer Relevance

Domestic PCR mix improved to 30%, supported by higher rim-size and differentiated offerings.

Partnerships with 67 OEM customers across India and Mexico.

Strengthening presence across EV segments with sustainable, lower rolling-resistance products.

Sales and service network comprises nearly 200 offices covering over 90% of country geographically.

Supported by more than 6,000 channel partners and 900 branded outlets (Steel Wheels).

Mobility ecosystem serves over 1,500 fleets through 'Truck Wheels', 'Pit Stops', and JK Retread Centre networks.

Technology and Innovation

RPSCOE - Global Tech & Innovation Centre at Mysuru with over 250 scientists and engineers.

Multiple new products introduced with enhanced performance attributes including EV Tyres.

Sustainable and environmentally responsible materials integrated into product design.

Digitalisation and Smart Manufacturing

Accelerating adoption of advanced digital technologies including AI, Machine Learning, and automation.

Data analytics, automation, and smart manufacturing solutions enhance process control and operational efficiency.

Total Quality Management practices deployed across all manufacturing locations.

Sustainability Focus

5P platform (People, Planet, Process, Product and Prosperity) integrates environmental stewardship.

Care Edge ESG 1+ rating with industry-best overall score of 81.2.

Silver Rating from EcoVadis, ranking among top 7% of companies globally.

Recognized among India's Most Sustainable companies amongst top 5 Automotive companies.

46% of power mix came from renewable sources.

Low water and energy consumption set industry benchmarks.

JK Tornel and Global Operations

Despite tariff and currency volatility, delivered sound performance through disciplined pricing.

Wide distribution and portfolio enhancement.

Presence in over 100 countries.

Motorsport and Brand Visibility

Strengthening aspirational brand appeal and demonstrates engineering capability.

Digital footprint across social media expands.

Marquee properties include 'Fast and Fabulous', 'Indian Car of the Year' and 'Indian Motorcycle of the Year'.

Our People

Recognized as Great Place to Work for fifth consecutive year.

Ranked as India's Best Workplaces in Auto & Auto Components 2026.

Health and safety remain top priorities.

CSR and Social Responsibility

Community programmes under Sarthi initiatives address livelihood, education, healthcare, water conservation and rural development.

During the year, these programmes benefited over 1.3 lakh people.

Cumulative reach crossed 1.5 million lives.

Corporate Governance and Strategic Focus

Trust, transparency, accountability and ethical leadership remain bedrock of governance framework.

Board oversees strategy, capital allocation, risk management, sustainability, succession planning and stakeholder interests.

Looking Ahead

Raw materials account for over 60% of tyre costs.

Depreciating Rupee and volatile crude price drove sharp input cost inflation.

Company positioned to navigate challenges through diversified sourcing, calibrated pricing and sharper execution.

Long-term outlook for Indian tyre industry remains positive.

India's expanding vehicle base, infrastructure development, rural mobility, growing preference for premium vehicles, logistics expansion and e-commerce growth provide strong platform.

11 manufacturing plants across India and Mexico.