JK TYRE Q2 CONCALL: RECORD REVENUE OF ₹4,850 CR, DOMESTIC VOLUMES UP 22% YOY & MANAGEMENT EXPECTS EBITDA MARGIN IMPROVEMENT IN Q3 FY27

• MANAGEMENT EXPECTS HEALTHY TYRE DEMAND DURING Q3 & Q4 FY27, SUPPORTED BY STRONG OEM ORDERS, REPLACEMENT DEMAND & INFRASTRUCTURE ACTIVITY • MANAGEMENT PLANS ADDITIONAL 4–5% SELLING PRICE INCREASES IN Q3 FY27 TO OFFSET HIGHER RAW MATERIAL COSTS & SUPPORT MARGIN RECOVERY • RAW MATERIAL COSTS EXPECTED TO INCREASE ANOTHER 4–5% IN Q3 FY27, FOLLOWING APPROXIMATELY 30–31% CUMULATIVE INFLATION OVER THE PREVIOUS SIX MONTHS • MANAGEMENT EXPECTS SOME EBITDA MARGIN IMPROVEMENT IN Q3 FY27 THROUGH PRICE HIKES, COST EFFICIENCIES & OPERATING LEVERAGE, WITHOUT PROVIDING NUMERICAL GUIDANCE • Q2 REVENUE UP 20% YOY TO RECORD ₹4,850 CR, EBITDA UP 28% QOQ TO ₹343 CR & NET PROFIT UP 40% QOQ TO ₹60 CR • Q2 EBITDA MARGIN IMPROVED TO 7.1% FROM 6.8% QOQ, WHILE SELLING REALIZATIONS INCREASED APPROXIMATELY 7% SEQUENTIALLY • DOMESTIC TYRE VOLUMES UP 22% YOY, WITH OEM VOLUMES UP 25% & REPLACEMENT MARKET VOLUMES UP 20% • TRUCK & BUS RADIAL OEM VOLUMES UP 76% YOY, WHILE REPLACEMENT VOLUMES INCREASED 9%; MANAGEMENT EXPECTS HIGH-SINGLE-DIGIT REPLACEMENT GROWTH OVER THE MEDIUM TERM • PASSENGER-LINE RADIAL OEM VOLUMES UP 35% YOY, WHILE OVERALL PASSENGER-LINE RADIAL VOLUMES INCREASED 14% • TWO/THREE-WHEELER TYRE VOLUMES UP 34% YOY, WITH REPLACEMENT VOLUMES MORE THAN DOUBLING; FARM REPLACEMENT VOLUMES INCREASED 15% • INDIA CAPACITY UTILIZATION REMAINS ABOVE 90% ACROSS KEY SEGMENTS, WHILE ₹1,130 CR EXPANSION PROJECTS ARE UNDER IMPLEMENTATION • MANAGEMENT EXPECTS APPROXIMATELY ₹500 CR ADDITIONAL CAPEX DURING THE REMAINING FY27 PERIOD, WITH NEW CAPACITY TARGETING 1.0–1.1X ASSET TURNOVER AFTER RAMP-UP • JK TORNEL MEXICO REPORTED ₹479 CR REVENUE & ₹23 CR EBITDA; MANAGEMENT EXPECTS SALES RECOVERY TOWARD PRIOR-YEAR LEVELS DURING Q3–Q4 FY27 • PREMIUM TYRES OF 16 INCHES & ABOVE ACCOUNTED FOR APPROXIMATELY 30% OF PASSENGER-LINE VOLUMES, WHILE EV TYRE VOLUMES INCREASED OVER 24% QOQ • NET DEBT INCREASED ₹750 CR QOQ TO ₹5,696 CR DUE TO CAPEX & HIGHER WORKING CAPITAL; RAW MATERIAL INFLATION, DELAYED PRICE PASS-THROUGH & WEAK FREE CASH FLOW REMAIN KEY RISKS

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