TVS Motor Company Limited has informed the Exchange about Transcript
TVSMOTOR · price
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TVS Motor reported record FY26 performance with revenue of INR 47,270 crores (up 30%), EBITDA of INR 6,079 crores (up 37%), and margin improvement of 60 bps to 12.9%. Q4 revenue hit INR 12,808 crores with highest-ever EBITDA margin of 13.1%. The company faced commodity inflation headwinds of 3-5% of revenue, partially offset by price increases. EV sales grew 33% to 3.7 lakh units, while 3-wheeler sales surged 63% to 220,000 units. International business reached 15.8 lakh units (up 33%). Capacity expansion of 1.5 million units is underway to reach 8.3 million. FY27 capex guidance is INR 3,500 crores including INR 1,000 crores for capacity expansion. Management remained cautiously optimistic on near-term supply chain challenges but maintained confidence in demand.
Strong all-round performance with margin expansion demonstrates operational leverage; near-term headwinds from commodity inflation and supply chain constraints may limit margin upside in Q1-Q2, but long-term growth trajectory remains robust with new product launches and capacity expansion.