Overview

• Tata Motors posted a net profit of Rs 3,924 crore in Q1 FY26, down 30% year-on-year on a 2.5% fall in revenue to Rs 1.04 lakh crore.
• Jaguar Land Rover’s April–June EBIT margin contracted by 490 basis points to 4% as US tariffs trimmed its revenue by over 9% to £6.6 billion.
• Group management confirmed that rare-earth supply holds have not yet disrupted production and described measures to derisk critical supply chains.
• Shares climbed about 3% after brokerages including Jefferies, Macquarie and CLSA adjusted target prices and ratings following the results.
• The company reiterated plans for an October 2025 demerger to sharpen its business focus and said it will aim to rebuild momentum in the second half of FY26.