TVS Motor Q4 FY26 Record Revenue, 36% Growth

TVS Motor Company reported its highest-ever annual performance with 5.9M unit sales, INR47,270 crore revenue, and 40% operating PBT growth.
Q4 FY26 revenue surged 36% YoY to INR12,808 crore, with EBITDA margin reaching a record 13.1% and EV sales growing 51%.
The company plans INR3,500 crore capex for FY27, including 1.5M unit capacity expansion and new Norton model launches in Q2.
Management highlighted 3-5% commodity cost inflation headwinds but expects to outperform industry growth through product mix and pricing strategies.