Q4 scorecard: Tata Motors profit slumps 32%, United Spirits jumps 28%, Voltas halves

Mixed Q4 FY26 print across consumer-facing names. Tata Motors net profit fell 31.7% as JLR revenue dropped 11.1% YoY to £6.9bn. United Spirits delivered profit growth of 28% on 3.7% revenue uptick. Voltas profit halved to Rs 116 cr. Apollo Tyres, LT Foods, Shadowfax posted 14-74% revenue growth. Devyani, VIP, Arvind, Bajaj Electricals report Friday.

— FiledFri, 15 May, 2026, 07:50 IST·First seen Fri, 15 May, 2026, 07:24 IST·Source NDTV Profit

What happened

Q4 earnings round-up: Tata Motors PV profit fell 31.7% with JLR revenue down 11.1%; United Spirits profit up 28%; Voltas profit halved; Apollo Tyres, Shadowfax,

Key facts

  • Tata Motors PV revenue Rs 1.05 lakh crore +7.2% YoY
  • Tata Motors net profit Rs 5,783 crore -31.7%
  • JLR revenue £6.9 billion -11.1% YoY
  • United Spirits revenue Rs 3,054 crore +3.7%
  • United Spirits net profit Rs 539 crore +28%
  • Voltas net profit Rs 116 crore -51.9%
  • Apollo Tyres revenue Rs 7,336 crore +14.2%
  • Shadowfax revenue Rs 1,237 crore +73.6%
  • LT Foods revenue Rs 2,907 crore +30.4%

Why this matters

Valuation gaps are opening up across consumer-facing names, making distressed auto-ancillary and cooling assets potential bolt-on targets while spirits and logistics multiples run hotter into Friday's prints.