JK Tyre and Industries reported its highest-ever quarterly revenue of ₹4,223 crore in the third quarter of FY26, driven by strong demand across original equipment manufacturers (OEMs) and the replacement market, supported by festive season momentum and improving rural sentiment.
The results mark a robust operating quarter for the tyre maker amid early signs of recovery in commercial vehicle demand and sustained traction in passenger vehicles.
Domestic Business Leads Growth Momentum
JK Tyre’s domestic business grew 16% year-on-year, with the OEM segment emerging as the key growth driver. OEM volumes expanded 27% YoY, reflecting improved automobile production and rising demand from passenger vehicle and electric vehicle manufacturers.
The replacement segment also delivered steady performance, growing 12% YoY, underlining resilient aftermarket demand.
Commercial vehicle volumes showed signs of recovery during the quarter, while passenger vehicle OEM and replacement segments continued to witness healthy traction.
Management Commentary: Demand Outlook Remains Strong
Commenting on the performance, Raghupati Singhania, chairman and managing director of JK Tyre and Industries, said the company delivered a strong quarter on the back of multiple demand tailwinds.
He attributed the performance to GST-led reforms, festive season demand, and positive rural sentiment, adding that consistent traction across OEM and replacement segments reflects customers’ continued trust in the JK Tyre brand.
Exports Stable; Mexico Subsidiary Delivers Turnaround
Despite ongoing geopolitical uncertainties, export volumes rose 9% year-on-year, although export revenues remained largely flat due to pricing pressures and global volatility.
JK Tyre’s international subsidiary, JK Tornel Mexico, delivered a notable turnaround during the quarter. The Mexico unit’s revenue rose 21% to ₹616 crore, benefiting from improved operating leverage and favourable duty structures while serving the US market.
₹1,130 Crore Capex to Expand Radial Tyre Capacity
To support future growth, JK Tyre announced a ₹1,130 crore capital expenditure plan aimed at expanding capacity across truck and bus radial (TBR), all-steel light truck radial (ASLTR), and passenger car radial (PCR) segments.
The planned expansion is expected to increase the company’s overall manufacturing capacity by around 7%, strengthening its position across key vehicle categories.
New OEM Wins, EV Tyres Boost Outlook
During the quarter, JK Tyre secured several high-profile OEM wins, including electric vehicle tyre supplies for Hyundai Creta EV and Tata Punch EV, and fitment on the new Renault Duster with 18-inch Ranger HPE tyres.
The results were announced after market hours. JK Tyre’s shares closed 1.18% higher at ₹542.40 on the BSE.
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