Q4 2026 Tata Motors Passenger Vehicles Ltd Earnings Call Transcript
Key Points
- Tata Motors Passenger Vehicles Ltd (BOM:500570) achieved a strong comeback in H2 FY26, consistently ranking number two in Vahan market share.
- The company reported a 50% year-on-year top-line growth, driven by strong demand for its popular brands and new launches.
- Tata Motors Passenger Vehicles Ltd (BOM:500570) recorded a 43% growth in EV sales, maintaining over 40% market share despite increased competition.
- The company announced a dividend of INR3 per share, reflecting an increase over the previous two years.
- Tata Motors Passenger Vehicles Ltd (BOM:500570) ended the year with a 9.4% EBITDA margin for Q4, showing sequential improvement in profits.
- The full-year financial metrics were impacted by two lost quarters of production at JLR, resulting in a PBT of INR2,500 crores.
- Commodity headwinds have been significant, with a 5% to 6% impact on revenue, and the company has not been able to pass on price increases.
- JLR faced a challenging year with a cash loss of over GBP2.2 billion, and corrective actions are necessary.
- The geopolitical situation, including the Middle East conflict, poses risks to demand and supply chain resilience.
- The company faces supply challenges, particularly with the Sierra model, due to issues with suppliers and ramping up production.
Good day, and welcome to Tata Motors Passenger Vehicles Limited Q4 FY26 earnings call. Today, we have with us Mr. Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles Limited; Mr. P. B. Balaji, CEO of Jaguar Land Rover; Mr. Dhiman Gupta, CFO, Tata Motors Passenger Vehicles Limited; and Mr. Richard Molyneux, CFO, Jaguar Land Rover; and we also have the colleagues from the Investor Relations team. Today, we plan to walk you through the results presentation followed by Q&A. (Operator Instructions)
I now hand over to Mr. Dhiman Gupta to take over. Over to you, sir.
Thank you, Anish. Let's start with the key highlights for the year FY26. A story of two halves for the India business started with muted volumes in H1, but a very strong comeback in H2, where we were consistently ranked number two in Vahan market share on the back of demand for our popular brands and the new launches. On the way, Punch also emerged as the fastest-growing SUV to reach 6 lakh cars on road in
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