MRF has reported a consolidated total income of ₹31,654 crores for the financial year ending 31st March 2026, marking an 11% increase from the previous year’s ₹28,570 crores. The company also recorded a consolidated profit before tax of ₹3,222 crores, up from ₹2,483 crores in the prior year. After accounting for a tax expense of ₹796 crores, the consolidated net profit rose by 30% to ₹2,426 crores compared to ₹1,873 crores in the previous financial year.
The company’s operational performance in FY 2025-26 was robust, surpassing the ₹30,000 crore sales milestone, with significant growth in both the Replacement and Original Equipment (OE) segments. MRF‘s performance was bolstered by the introduction of new Stock Keeping Units (SKUs) across various categories such as trucks, passenger vehicles, and two-wheelers. Additionally, MRF has become a preferred supplier of tyres for electric vehicles, with its products increasingly being used in vehicles exported by Original Equipment Manufacturers (OEMs) to numerous countries worldwide.
Demand remained strong due to a reduction in GST rates, which positively impacted both Replacement and OE sales. OEMs experienced high demand during the quarter, leading to increased tyre demand. To meet future demand across Replacement, OEM, and Export segments, MRF is expanding its production capacity across its plants.
However, the ongoing conflict in the Middle East has led to significant increases in raw material costs and supply chain disruptions, affecting input material costs. MRF has implemented price increases and cost management strategies to mitigate these impacts and plans further hikes. Additionally, a forecast of a sub-normal monsoon could negatively affect demand. Given the unpredictable economic conditions and cost pressures on margins, MRF is currently evaluating the potential impact on growth.
For the financial year 2025-26, MRF has declared a dividend of ₹235 (2350%) per share of ₹10 each, which includes two interim dividends of ₹3 each (30%) per share that have already been paid.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).