MRF FY26 Net Profit Rises 30%; Revenue up 11% to Rs 31,654 Crore

MRF reported an 11 per cent rise in consolidated total income to Rs 31,654 crore for FY26, while consolidated net profit increased 30 per cent year-on-year to Rs 2,426 crore, supported by higher demand across replacement and OEM segments.

Profit before tax for the financial year ended March 31, 2026, rose to Rs 3,222 crore from Rs 2,483 crore in the previous year. Tax expense stood at Rs 796 crore, compared to Rs 610 crore in FY25.

The tyre maker said it crossed the Rs 30,000-crore sales milestone during FY26, aided by growth in both replacement and original equipment (OE) businesses.

The company attributed the performance to new product launches across truck, passenger vehicle and two-wheeler categories, along with increasing supplies to electric vehicle manufacturers. It said MRF tyres are also being fitted on vehicles exported by OEMs to multiple international markets.

According to the company, demand momentum driven by GST rate reductions continued into the fourth quarter, supporting both replacement and OE sales. Higher production by vehicle manufacturers also boosted tyre demand during the quarter.

MRF said it is expanding capacity across plants to cater to future demand from domestic replacement markets, OEMs and exports.

The company, however, flagged concerns over rising raw material costs and supply chain disruptions linked to the ongoing conflict in the Middle East. It said the increase in input costs is expected to continue and that it has already implemented price hikes and cost-management measures, with further increases likely.

The company also noted that forecasts of a sub-normal monsoon could impact demand, adding that it is evaluating the potential effect of uncertain economic conditions and margin pressures on future growth.

MRF declared a total dividend of Rs 235 per share of face value Rs 10 each for FY26, including two interim dividends of Rs 3 per share already paid.