JK Tyre Reports 54% Rise in Q2 Net Profit on Strong Volume Growth

JK Tyre & Industries Limited reported a 54% year-over-year increase in net profit to Rs 223 crore for the second quarter of fiscal year 2026, driven by volume growth across domestic and international markets.

The New Delhi-based tire manufacturer posted consolidated revenues of Rs 4,026 crore for the quarter ended September 30, 2025. The company's EBITDA stood at Rs 536 crore with an improved margin of 13.3%, reflecting higher sales volumes and declining raw material prices.

Domestic market volumes increased 15% during the quarter, while export volumes grew 13% compared to the previous quarter despite uncertainty surrounding U.S. tariff rates. The company attributed the export growth to product quality, market penetration efforts, and introduction of higher-margin products in new regions.

Chairman and Managing Director Raghupati Singhania noted that both Cavendish India and Tornel Mexico subsidiaries showed improvement in their performance during the second quarter, contributing to overall financial results. He also commented on GST 2.0, calling it a progressive measure that could boost demand and economic growth.

The company maintains an ESG 1+ rating from CareEdge, scoring 81.2 in fiscal year 2025. JK Tyre has committed to using 100% renewable electricity by 2050 as the first Indian tire company to join the global RE100 initiative.

JK Tyre operates 11 manufacturing facilities—nine in India and two in Mexico—with a combined annual production capacity exceeding 35 million tires. The company was established in 1951 and pioneered radial tire technology in India, producing its first radial tire in 1977.

The manufacturer serves passenger, commercial, farm, off-road, and two- and three-wheeler segments. It maintains a distribution network of over 6,000 dealers and 900 brand shops, exporting to more than 100 countries through 230 global distributors.

The company operates the Raghupati Singhania Centre of Excellence, a research and technology facility in Mysore. JK Tyre introduced India's first smart tire technology featuring tire pressure monitoring systems that track pressure and temperature data.

In 2024, the company produced its 30 millionth truck and bus radial tire, becoming the first Indian manufacturer to reach this milestone. The company has been recognized as a Great Place to Work for five consecutive years through 2025.

JK Tyre has received the Sword of Honour for Safety from the British Safety Council across its manufacturing plants. The company entered the Limca Book of Records for producing India's largest off-the-road tire, the VEM 045.

Looking ahead, management expects the automobile sector to remain on a growth trajectory, creating increased demand for tires across segments as economic indicators point to rising activity levels.