MRF reported a 37 per cent increase in consolidated net profit to ₹702 crore for the fourth quarter ended March 31, 2026, as against ₹510 crore for the corresponding period last year. Revenue was up 14 per cent to ₹8,044 crore (₹7,074 crore) on higher tyre sales.

Other income stood at ₹139 crore (₹115 crore). The company also re-assessed its provisions for the new labour codes-related liability at ₹61. 99 crore (₹77.2 crore).

For FY26, the net profit increased 30 per cent to ₹2,426 crore (₹1,873 crore) on a 11 per cent increase in revenue to ₹31,149 crore (₹28,153 crore).

On a standalone basis, the company reported a 37 per cent increase in net profit to ₹680 crore (₹498 crore). For FY26, standalone net profit was up 29 per cent to ₹2,355 crore (₹1,823 crore) on 11 per cent increase in revenue to ₹30,652 crore (₹27,665 crore).

The dividend for FY26 is ₹235 (2,350 per cent) per share of ₹10 each, which includes two interim dividends of ₹3 each (30 per cent) per share already paid.

Healthy operations

The company said that it delivered a healthy operating performance in FY26 and crossed the milestone of ₹30,000 crore in sales during the year, with good growth in both replacement and original equipment (OE) segments.

The company’s performance was aided by the launch of new SKUs in various categories such as truck, passenger vehicles and two-wheelers. Besides being one of the largest OE suppliers of Tyres to ICE vehicles, it 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, said a statement.

Demand buoyancy arising from reduction in GST rates continued into Q4 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.

To cater to future demand for tyres across segments in the replacement market, OEMs and export, the company is also expanding capacity across plants.

West Asia crisis

The company said that the West Asia crisis 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.

MRF announced the resignation of Company Secretary S Dhanvanth Kumar on April 13 due to health reasons. He was relieved on May 7. It appointed TV Thulsidass as Vice-President, General Counsel and Company Secretary with immediate effect.

Published on May 7, 2026