JK Tyre & Industries Ltd.record revenue ₹4,850 Cr, EBITDA margin 7.1% on costs

JK Tyre's Q2 FY27 call, held on 26 October 2026, showed a tyre maker growing fast while raw material inflation squeezes margins.

Consolidated revenue hit a record ₹4,850 crore, up 20% on the year, with Indian OE sales up 65% and domestic sales up 32% after GST 2.0. EBITDA was ₹343 crore, up 28% on the quarter, and margin was 7.1% against 6.8% in Q1. Profit after tax was ₹60 crore, up 40% on the quarter. The cost of raw materials rose about 9% on the quarter after 22% in Q1, roughly 30% in six months, driven by the West Asia conflict, and management expects another 4% to 5% in Q3 while raising prices 4% to 5%.

Net debt rose ₹751 crore to ₹5,696 crore on inventory value and capex. JK Tornel in Mexico recovered to ₹479 crore of revenue and ₹23 crore of EBITDA. Management sees steady demand in Q3 and good OEM demand in Q4 and guided to some margin improvement in Q3, without a target. No earlier promises were on file for comparison.