MRF reported a strong performance for the March quarter of FY26, with consolidated net profit rising 37.6% year-on-year to ₹702 crore compared with ₹510 crore in the corresponding period last year.
The tyre major’s consolidated total income for the quarter stood at ₹8,183 crore as against ₹7,190 crore a year ago, registering a growth of 13.8%.
FY26 profit climbs 30%
For the full financial year FY26, the Chennai-headquartered tyre maker posted a 30% increase in consolidated net profit at ₹2,426 crore compared with ₹1,873 crore in the previous financial year.
The company’s consolidated total income for FY26 rose to ₹31,654 crore from ₹28,570 crore in FY25, recording an annual growth of around 11%.
Consolidated profit before tax for the year stood at ₹3,222 crore compared with ₹2,483 crore in the previous year, while tax expenses increased to ₹796 crore from ₹610 crore.
Crosses Rs 30,000 crore sales mark
MRF said it delivered a healthy operating performance during FY26 and crossed the ₹30,000 crore sales milestone during the year, supported by steady demand across replacement and OEM segments.
The company said growth was aided by the launch of new stock keeping units (SKUs) across truck, passenger vehicle and two-wheeler tyre categories.
EV tyre segment emerges as growth driver
MRF said it has strengthened its position as a preferred tyre supplier for electric vehicles, in addition to being one of the largest OEM suppliers for internal combustion engine vehicles.
According to the company, MRF tyres are increasingly being fitted on vehicles exported by automobile manufacturers to multiple global markets.
Demand momentum, driven partly by GST rate reductions, continued during the fourth quarter and supported both replacement demand and OEM sales. Automobile manufacturers also witnessed strong demand during the quarter, resulting in higher tyre requirements.
Capacity expansion underway
To meet future demand across replacement, OEM and export markets, the company said it is expanding manufacturing capacities across plants.
However, MRF flagged concerns over rising raw material costs and supply chain disruptions triggered by the ongoing conflict in West Asia. The company said the situation has sharply increased input costs and the pressure is expected to continue.
MRF said it has already undertaken price hikes and cost-control measures to mitigate the impact and may implement further price increases if required.
The company also cautioned that forecasts of a sub-normal monsoon could adversely affect demand conditions. Given the uncertain macroeconomic environment and margin pressures, the company said it is currently evaluating the likely impact on growth.
Declares dividend for FY26
MRF announced a dividend of ₹235 per share of face value ₹10 each for FY26. The payout includes two interim dividends of ₹3 per share already paid during the year.