Chennai, May 07: MRF Ltd. has announced a strong financial performance for the financial year ended March 31, 2026, reporting robust growth in both revenue and profitability. The company’s consolidated total income rose by approximately 11% year-on-year to Rs 31,654 crore, compared to Rs 28,570 crore in the previous financial year. Driven by improved operational performance and sustained market demand, consolidated profit before tax increased significantly to Rs 3,222 crore from Rs 2,483 crore in FY25. After accounting for tax expenses of Rs 796 crore, the company posted a consolidated net profit of Rs 2,426 crore for FY26, marking an impressive 30% growth over the previous year’s net profit of Rs 1,873 crore.

Operations

The Company delivered a healthy operating performance in FY 2025-26 and crossed the milestone of Rs 30,000 Crores in Sales during the year, with good growth in both Replacement and OE segments. 

The Company’s performance was aided by the launch of new SKUs in various categories like Truck, Passenger, Two-Wheelers etc. Besides being one of the largest OE suppliers of Tyres to ICE vehicles, the Company has become the most preferred supplier of Tyres to Electric Vehicles. MRF tyres are increasingly being fitted on vehicles exported by OEMs to many countries across the globe.

Demand buoyancy arising from reduction in GST rates continued into the 4thQuarter of the year, which is reflected in both Replacement & OE Sales. OEMs also witnessed a high Demand in the Quarter which led to an increased demand for tyres.

In order to cater to future demand for tyres across segments in the Replacement market, OEMs and Export, the Company is also expanding capacity across Plants.

The ongoing conflict in the Middle East and resulting disruptions have led to uncontrolled increase in raw material costs and supply chain issues. This has severely impacted the cost of input materials which is expected to continue. The Company has taken price increases and cost management measures to mitigate the impact of higher raw material costs and will take further hikes. Further, the forecast of a sub normal monsoon may adversely impact demand. In view of the unpredictable economic conditions and cost pressures on margins, it is difficult to anticipate the expected impact on growth and the Company is in the process of evaluating the same.

Dividend

The dividend for the financial year 2025-26 is Rs 235/- (2350%) per share of Rs.10 each which includes two interim dividends of Rs.3/- each (30%) per share already paid.