JK Tyre & Industries Ltd reported a robust financial performance for the financial year ended March 31, 2026, driven by high asset utilisation and premiumisation-led mix improvement. The company recorded its highest revenue from operations, which rose 11% to ₹16,384 crore on a consolidated basis.

Operating leverage strengthened as the company transitioned from expansion to optimisation. EBITDA increased by 25% to ₹2,089 crore, while profit after tax surged 50% to ₹774 crore. Net debt was approximately ₹4,445 crore, reflecting disciplined capital allocation and working capital optimisation.

Financial Performance

The company’s financial resilience was supported by margin expansion and stronger operating leverage. Key performance indicators for the year included a return on capital employed of approximately 16.8% and a return on equity of 14%. The earnings per share stood at ₹27.20, while the dividend was ₹4 per equity share (200%).

Strategic Developments

During the year, JK Tyre advanced its multi-pronged strategy to adapt to an evolving business scenario. Innovation efforts were directed at reducing resource intensity while preserving product integrity. The company launched India’s first embedded Smart Tyres for passenger vehicles, reinforcing its move towards smarter, safer and connected mobility.

The amalgamation of Cavendish Industries Ltd. with the company, effective from April 1, 2025, was a significant milestone. This merger enhanced operational synergies, wider distribution reach and portfolio diversification. The Laksar Plant, formerly Cavendish Industries Ltd., achieved 95% capacity utilisation following a successful turnaround.

Sustainability and ESG

Sustainability remained a strategic priority, with a focus on decarbonisation and renewable energy. The company achieved its internal 2030 target for reducing carbon emission intensity ahead of schedule. The renewable power mix reached approximately 46%, and coal consumption was reduced by around 3% despite production growth.

The company secured a CareEdge ESG 1+ rating with an overall score of 81.2, surpassing the industry average of 67.4. This rating highlighted significant investments in renewable energy and decarbonisation technologies.

Bengal & Assam Company Ltd, the promoter of JK Tyre & Industries Ltd , has declared that no encumbrance was made on the equity shares of the target company during the financial year 2025-26. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on April 8, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration confirms that the promoter, along with persons acting in concert and other constituents of the promoter group, has not created any direct or indirect encumbrance on the shares. This filing was made on behalf of all authorized constituents of the promoter group.

Promoter and Promoter Group Entities

The disclosure identifies Bengal & Assam Company Ltd as the promoter and lists 52 other entities as part of the promoter group. The list includes various group companies and individual shareholders associated with the Singhanian family.

The list also includes entities such as JKF Evolve Limited, Southern Spinners and Processors Limited, and JK Insurance Brokers Limited. Individual members of the promoter group include Bharat Hari Singhania, Raghupati Singhania, and Vikram Pati Singhania, among others. Family trusts and HUFs (Hindu Undivided Families) associated with key individuals are also categorized under the promoter group.