Jaguar Land Rover reported revenues of 6 billion British pounds ($8.1 billion) for the three months ending June 2026, down 9.6% compared to the same period a year ago, in its Aug. 13 earnings report.
The automaker posted a 9.2% drop in year-over-year in wholesale volumes, which it attributed to supply constraints and market disruption, including a fire at a major component supplier.
Profit before tax and exceptional items for the quarter was 109 million pounds, down from a profit of 351 million pounds a year earlier. Adjusted EBIT margin was 2.8% for the quarter, also down from 4.0% YoY.
In addition to the impact of reduced volumes, YoY profitability was impacted by market conditions. The automaker boosted its dealership retail investments from 4.1% to 7.1%.
The relative YoY savings in U.S. tariffs on U.K. imports, which reduced from 27.5% to 10%, were partially offset by benefits from the U.S. Corporate Average Fuel Economy program in the same period last year — an offset not repeated this year, with CAFE now reset.
Profit after tax in this latest quarter was 66 million pounds, compared to a profit of 248 million pounds in the same quarter a year ago.
However, the company said despite its trading challenges, the quarter remained profitable, leaving JLR in a good financial state especially considering recently announced growth objectives and product launches due in the coming months.
Investment spend will continue in line with the previously announced 18 billion pounds over five‑years from FY2024 ahead of the new product launches.
“Despite the near‑term industry challenges, we continue to see strong demand for our brands, and look forward to the launch of four sensational new products in the coming months: Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01,” said JLR CEO, PB Balaji, in a statement.
