JLR Q4 Sales Recover Sequentially After Cyber Disruption; FY26 Volumes Decline

Jaguar Land Rover (JLR) reported a quarter-on-quarter recovery in sales for the fourth quarter of FY26, following production disruptions caused by a cyber incident earlier in the year, although full-year volumes remained lower due to multiple headwinds.

Wholesale volumes for the January-March quarter stood at 95,300 units (excluding the Chery Jaguar Land Rover China joint venture), declining 14.5% year-on-year but rising 61.1% compared with the preceding quarter. The sequential increase reflects a return to normal production levels after the cyber-related stoppages.

For the full financial year FY26, wholesale volumes were 307,900 units, down 23.2% from the previous year. The decline was attributed to external factors including US tariffs, weaker demand in China, and the planned wind-down of legacy Jaguar models ahead of a new product launch cycle, in addition to the cyber incident.

Retail sales in the fourth quarter totalled 92,700 units (including the China JV), marking a 14.3% year-on-year decline but a 16.2% increase over Q3 FY26. Full-year retail volumes came in at 352,300 units, down 17.8% compared with FY25.

Regionally, wholesale volumes in Q4 declined across most markets except Europe, which recorded a 4.1% increase. Volumes fell in the UK (down 23.1%), North America (down 19.0%), China (down 29.8%), overseas markets (down 7.9%) and the Middle East and North Africa (down 2.4%). Retail sales also declined across all regions during the quarter.

JLR faced a significant cyber incident in late FY26, which disrupted key IT systems and forced temporary production stoppages across several facilities. The attack affected supply chain coordination, order processing and manufacturing operations, leading to a sharp sequential decline in volumes during the quarter. While the company did not disclose detailed specifics of the breach, it confirmed that remediation measures were implemented to restore systems and secure operations. 

JLR’s product mix continued to shift towards higher-end models, with Range Rover, Range Rover Sport and Defender accounting for 77.1% of total wholesale volumes in Q4 FY26, up from 66.3% a year earlier. For the full year, these models contributed 76.5% of wholesale volumes, compared with 67.8% in FY25.

The company will report its detailed fourth-quarter and full-year financial results in May 2026.