JK Tyre & Industries is aiming for double-digit revenue growth in FY2026, outpacing its forecast for single-digit expansion across the broader tyre industry. Managing Director Anshuman Singhania outlined the company’s ambitions during a post-earnings media call, underscoring confidence in demand recovery and strategic market positioning.

Q1 Performance Overview

For the first quarter of FY2026, JK Tyre reported revenue of INR 38.91 billion, with EBITDA at INR 4.24 billion, translating to a margin of 10 percent. Net profit stood at ₹1.55 billion — up 51 percent compared with the previous quarter, but down 21 percent YoY.

Singhania attributed the annual decline to muted original equipment (OE) demand, particularly in truck and bus radial (TBR) volumes, alongside higher raw material costs compared to the same period last year. He also highlighted an adverse impact from the company’s Tornel business in Mexico, which faced uncertainty due to tariffs on exports from Mexico to the United States, dampening volumes.

Resilience in Domestic and Export Markets

Dr Raghupati Singhania, Chairman and Managing Director, JK Tyre & Industries, said, “The growth momentum in domestic markets remained robust in Q1, with JK Tyre clocking a sales growth of 11 percent YoY, as contributed by a steady demand for our products in both replacement as well as OE segments, underscoring JK Tyre’s continued focus on core growth drivers and strengthening market presence.”

“Despite a challenging and uncertain macro-economic environment, exports of passenger car tyres witnessed a strong traction both on QoQ and YoY basis, signifying pull for our products and enhanced brand perception in the global markets,” said Dr Singhania.

Operational efficiencies and strategic pricing supported performance, even as natural rubber prices remained elevated. Subsidiaries Cavendish (India) and Tornel (Mexico) continued to contribute significantly to the group’s consolidated financials.

Operational efficiencies and strategic pricing supported performance, even as natural rubber prices remained elevated. Subsidiaries Cavendish (India) and Tornel (Mexico) continued to contribute significantly to the group’s consolidated financials.

Regarding trade tensions between India and the US, Anshuman Singhania noted that exports from India to the US account for only around 3 percent of JK Tyre’s revenue and could be redirected to markets such as Mexico, Latin America, Brazil and the UAE if required. With zero tariffs in Mexico, JK Tyre can utilise its production base there to meet demand for both passenger and truck radials. The EU and UK, where JK Tyre holds a strong position in the TBR segment, also remain tariff-free.

Capacity expansion

The company’s INR 14 billion capital expenditure plan is progressing on schedule, covering passenger car radial (PCR), TBR and all-steel truck radial projects. For the year, investment is expected to total INR 9-10 billion, aimed at boosting production capacity by 30-40 percent.

A key driver for future profitability is the shift towards premium products. The share of 16-inch and above passenger car tyres in JK Tyre’s portfolio has grown from 18 percent in FY2020 to 25 percent in FY2025, with a target of 40-45 percent over the next two to three years. This change is being fuelled by rising SUV sales, larger rim sizes in entry-level cars and strong export demand.

The company has also developed a complete range of tyres for electric vehicles, spanning commercial truck radials, bus tyres, passenger radials and two/three-wheeler tyres  Major OEMs such as Ashok Leyland’s Switch Mobility and Tata Motors are sourcing these products, including for last-mile connectivity vehicles and newly launched EV buses.

Market Outlook

The replacement market has been a bright spot, with passenger radial volumes up 32 percent year-on-year and truck radial volumes growing in the high single digits. JK Tyre expects demand to strengthen in the second half of FY2026, supported by infrastructure development, a favourable monsoon, potential interest rate cuts, and improved consumer liquidity.

Anshuman Singhania stressed that the worst of raw material price pressures appear to be over, paving the way for margin improvement as the product mix shifts and capacity utilisation rises. With the small car segment’s gradual decline offset by growth in premium categories, JK Tyre remains confident in sustaining momentum.

“Overall, India is poised for growth,” Singhania concluded. “We see positives across the board — from infrastructure push to evolving consumer preferences — and we are well-positioned to capitalise on these trends.”

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For the second consecutive year, the Alliance for the Future of Tyres (AZuR) has been shortlisted for the German Award for Sustainability Projects, following its 2025 win. This renewed nomination underscores the jury’s recognition of AZuR as a pioneering force in sustainability, particularly for its dedicated efforts to advance tyre retreading as a core component of a circular economy. The 2026 award ceremony will be held under the patronage of Brigitte Zypries on 17 September in Berlin.

AZuR’s multifaceted initiative extends well beyond theoretical advocacy. Its work gained significant international attention with the Retreading Summit, held in September 2025 at KRONE Trailer in Werlte. This event convened experts from industry, politics, academia and media for two days of intensive dialogue on the potential, challenges and necessary policy frameworks for tyre modernisation, leading to the launch of concrete action plans. Furthermore, the alliance drives progress through strategic communications and direct support for flagship projects, such as the new passenger car tyre retreading facility established by Rigdon in Pfaffenhofen.

Central to AZuR’s mission is transforming public perception by demonstrating that worn tyres are valuable resources, not waste. Through ongoing awareness campaigns, it highlights the substantial ecological and economic benefits of retreaded tyres, which can be refurbished multiple times to conserve raw materials, reduce climate impact and offer cost-effective solutions. The German Award for Sustainability Projects, judged by a panel chaired by Prof Dr Claudia Kemfert of DIW Berlin, evaluates entries based on their innovation, impact and relevance to a sustainable future. AZuR’s repeated shortlisting affirms that its model for a tyre circular economy is a replicable and exemplary system with groundbreaking potential.

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Seasoned tyre industry executive Manish Maharaj has embarked on a new professional chapter, joining Balkrishna Industries Ltd (BKT Tires) in a senior leadership capacity after a distinguished 11-year tenure with Apollo Tyres Ltd.

In his new role at BKT Tires, Maharaj has been appointed General Manager and Head of Business Finance, where he will focus on enhancing financial strategy, driving performance-driven growth, and building scalable systems to support BKT’s global expansion ambitions.

“I am thrilled to begin a new chapter with BKT Tires,” said Maharaj.

Maharaj’s career at Apollo spanned multiple strategic roles in one of the world’s leading tyre manufacturers, most recently serving as Regional Chief Financial Officer for South East Asia, the Middle East and Africa, and later as Business Head for South East Asia. In these capacities, he led multi-market commercial and financial operations, driving robust business performance across diverse cultural and economic environments.

At Apollo, Maharaj was responsible for charting growth strategies in fast-evolving markets, strengthening distributor partnerships, and reinforcing brand positioning across key ASEAN economies. His leadership coincided with initiatives to expand premium brand presence in Thailand, Malaysia, Philippines & South Korea and foster deeper retail engagement across the ASEAN region.

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Anyline, a prominent provider of AI-driven mobile tyre inspection technology, is entering a new phase of growth under a new leadership structure. Christoph Braunsberger has been appointed Chief Executive Officer, assuming the role immediately. He succeeds Co-Founder Lukas Kinigadner, who will now serve as Chief Revenue Officer, concentrating on worldwide sales growth, partnership development and expanding the company's global customer base.

Braunsberger originally joined the company in 2019 as Chief Financial Officer and Managing Director. His extensive background in finance, strategy consulting and investment banking, including prior experience at PwC, equipped him to establish the operational foundations necessary for international scaling. He was instrumental in leading the company's expansion into the United States, overseeing significant funding initiatives, and serving as President of its North American operations.

This executive transition occurs as the company experiences rapidly accelerating enterprise adoption across multiple sectors. Logistics, manufacturing, retail and the public sector are all key markets, with the automotive industry representing a particularly strong growth area. The proven industrial scalability of the technology is demonstrated by a recent milestone of 100 million tyre scans conducted globally. This achievement reinforces the robustness of the computer vision platform, which is designed to address a wide spectrum of visual inspection and data capture needs for large-scale commercial and industrial clients. The leadership change is designed to sharpen the company's focus on an AI-centric operational approach, leveraging its current commercial momentum and broadening application across diverse industries.

Lukas Kinigadner, Co-Founder and Chief Revenue Officer, Anyline, said, “This leadership transition reflects where Anyline is today. Our AI platform has achieved clear product-market fit across industries, with strong and accelerating traction in automotive. The company is on a clear path towards profitable growth. Christoph is the right CEO for this phase, and I’m excited to concentrate fully on driving revenue, partnerships and customer impact.”

Braunsberger said, “Anyline’s AI is already delivering real-world impact at scale. My focus is on building on that momentum – strengthening our operating model, scaling efficiently and deepening collaboration with customers and partners as global AI adoption accelerates.”

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A new phase of strategic collaboration has begun between FARREL POMINI of the HF GROUP and WF RECYCLE-TECH, following the acquisition of a majority stake by the former. Headquartered in the UK, WF RECYCLE-TECH has developed a unique, patented pyrolysis process for transforming end-of-life tyres into valuable materials like recovered carbon black and oil. A central component of this system is FARREL POMINI's own Farrel Continuous Mixer (FCM), which efficiently processes tyres for both mechanical and chemical recycling.

This deepened partnership, building upon a minority investment made in 2021, is designed to rapidly expand the global commercialisation of this sustainable technology. The move solidifies FARREL POMINI’s commitment to pioneering circular economy solutions for the rubber and plastics sectors worldwide. By enabling greater global support and accelerating adoption, this milestone underscores the aligned vision of all involved organisations to drive innovation in sustainable industrial practices.

Paul Lloyd, President, Farrel Corporation, said, “We are delighted to deepen our partnership with WF RECYCLE-TECH and take this important step toward further commercialisation of their proven pyrolysis system. This acquisition aligns with our long-term strategy to support sustainable solutions that address global challenges.”

Jo Dennis, Managing Director, WF RECYCLE-TECH, said, “We are very pleased to become majority-owned by FARREL POMINI and HF GROUP. Being part of the HF GROUP organisation allows us to leverage a strong global support network, deep technical expertise and long-term investment commitment. This partnership significantly strengthens our ability to scale our pyrolysis system and deliver solutions to customers around the world.”

Ian Wilson, Co-CEO, HF GROUP, said, “This acquisition reflects HF GROUP’s strategic focus on enabling technologies that drive sustainable industrial growth. By combining WF RECYCLE-TECH’s patented pyrolysis process with FARREL POMINI’s technology expertise and HF GROUP’s global infrastructure, we are creating a powerful platform to address the worldwide challenge of end-of-life tyre recycling.”

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