Tata Motors Q4 FY26 Results: Strong India Growth, JLR Challenges

Tata Motors reported Q4 consolidated revenue of ~Rs. 105,000 Cr, up 7% YoY, with PBT before exceptionals at Rs. 7,200 Cr and strong FCF of Rs. 11,000 Cr.
The India PV business delivered record H2 volumes, achieving #2 market share, with 15% FY26 growth, while JLR faced a difficult year due to production disruptions and tariffs.
Management outlined FY27 priorities including mitigating commodity headwinds, ramping EV production, and executing JLR's cost-saving mission targeting GBP 1.7 billion over two years.
The Board approved a dividend of Rs. 3 per share and provided updates on key launches including Sierra, Range Rover EV, and the new Jaguar.