Goodyear India Announces Board Changes and Q2 FY2026 Results

Goodyear India Limited , a leading player in the automotive tyre industry, has announced significant changes to its board composition along with the release of its financial results for the quarter and half-year ended September 30, 2025. The company's board meeting, held on November 6, 2025, addressed key organizational changes and financial performance.

Board Restructuring

Goodyear India is set to undergo notable changes in its leadership structure:

Position	Outgoing	Incoming	Effective Date
Whole Time Director	Ms. Varsha Chaudhary Jain	-	December 31, 2025
Independent Non-Executive Director	Mr. Rajiv Lochan Jain (end of tenure)	-	December 31, 2025
Independent Non-Executive Director	-	Mr. Gajanan Vithal Gandhe	January 1, 2026

Ms. Varsha Chaudhary Jain has tendered her resignation as Whole Time Director and Head Legal & Compliance, citing personal reasons. She will also step down from her role as a Key Managerial Personnel. Concurrently, Mr. Rajiv Lochan Jain's second tenure as an Independent Non-Executive Director will conclude.

The board has approved the appointment of Mr. Gajanan Vithal Gandhe as an Independent Non-Executive Director for a five-year term, subject to shareholder approval through a postal ballot. Mr. Gandhe brings over 35 years of experience in the global automotive and mobility sector, with a strong background in business transformation and cross-border team leadership.

Financial Performance

Goodyear India's financial results for Q2 FY2026 reflect the following key metrics:

Particulars	Q2 FY2026 (₹ in Lakhs)	Q2 FY2025 (₹ in Lakhs)	YoY Change
Revenue from Operations	59,646.00	66,225.00	-9.93%
Total Income	60,100.00	66,710.00	-9.91%
Profit Before Tax	1,752.00	2,115.00	-17.16%
Profit After Tax	1,307.00	1,574.00	-16.96%
Earnings Per Share (₹)	5.67	6.82	-16.86%

The company experienced a decline in revenue and profitability compared to the same quarter in the previous fiscal year. The revenue from operations decreased by 9.93%, while the profit after tax saw a reduction of 16.96%.

Operational Highlights

The cost of materials consumed decreased to ₹20,699.00 lakhs in Q2 FY2026 from ₹28,077.00 lakhs in Q2 FY2025, indicating potential improvements in cost management or changes in raw material prices.
Employee benefits expense saw a slight increase to ₹5,125.00 lakhs from ₹4,963.00 lakhs in the corresponding quarter of the previous year.
The company maintains a strong cash position with cash and cash equivalents of ₹17,244.00 lakhs as of September 30, 2025.

Corporate Governance Update

Effective January 1, 2026, Goodyear India has authorized new Key Managerial Personnel for determining materiality of events and making disclosures to the stock exchange:

Mr. Arvind Bhandari, Chairman and Managing Director
Mr. Sandeep Garg, Whole Time Director & CFO
Mr. Anup Karnwal, Company Secretary and Compliance Officer

These changes align with the company's commitment to maintaining robust corporate governance practices and ensuring timely and accurate disclosures to stakeholders.

Goodyear India continues to navigate the challenges in the automotive sector, focusing on operational efficiency and strategic leadership to maintain its market position. The upcoming board changes may bring fresh perspectives to guide the company through the evolving market landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.39%	-6.03%	-6.01%	-2.48%	-8.49%	+12.95%

Goodyear India , a prominent player in the Indian tire industry, has released its quarterly financial results, revealing a decline across key financial metrics. The company faced headwinds in the second quarter, as evidenced by the downturn in its financial performance.

Financial Highlights

Metric	Q2 (Current)	Q2 (Previous Year)	Change
Net Profit	130.70 crore	157.40 crore	-16.96%
Revenue	596.00 crore	680.00 crore	-12.35%
EBITDA	268.50 crore	311.00 crore	-13.67%
EBITDA Margin	4.50%	4.56%	-0.06 pp

The company's financial results show a notable decrease in profitability and revenue compared to the same period last year. Net profit fell by 16.96% to 130.70 crore rupees from 157.40 crore rupees in the previous year's corresponding quarter. Revenue also experienced a significant decline, dropping 12.35% to 596.00 crore rupees from 680.00 crore rupees year-over-year.

Operational Performance

Goodyear India's operational efficiency also faced challenges, as reflected in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) figures. EBITDA decreased by 13.67% to 268.50 crore rupees from 311.00 crore rupees in the same quarter last year. The EBITDA margin slightly contracted to 4.50% from 4.56%, indicating a marginal decline in operational efficiency.

Market Context

The decline in Goodyear India's financial performance may be attributed to various factors affecting the automotive and tire industry. These could include fluctuations in raw material costs, changes in consumer demand, or broader economic conditions impacting the sector.

Looking Ahead

While the current quarter's results show a downturn, it's important for investors and stakeholders to consider the broader market context and the company's long-term strategies. Goodyear India's ability to navigate these challenges and implement effective measures to improve performance will be crucial in the coming quarters.

As the automotive industry continues to evolve, particularly with the growing emphasis on electric vehicles and sustainable transportation, companies like Goodyear India may need to adapt their strategies to align with changing market dynamics.

Investors and market observers will likely keep a close eye on Goodyear India's future quarterly results to assess the company's resilience and its capacity to return to growth in a competitive and rapidly changing industry landscape.