London: Jaguar Land Rover Automotive plc (JLR) on Thursday reported a profit before tax and exceptional items of £109 million for the quarter ended June 30, 2026, despite supply constraints, geopolitical tensions and market disruptions.
The luxury carmaker’s revenue declined 9.6 per cent year-on-year to £6 billion in the first quarter of fiscal 2027, while wholesale volumes fell 9.2 per cent.
JLR said volumes were affected by temporary supply constraints, including a fire at a major component supplier at the beginning of the quarter, disruption linked to the conflict in the Middle East and the planned wind-down of outgoing Jaguar models ahead of the launch of Jaguar Type 01.
Profit before tax and exceptional items fell 68.9 per cent from £351 million in the year-ago quarter, while adjusted EBIT margin declined to 2.8 per cent from 4 per cent.
Profit after tax stood at £66 million during the quarter, compared with £248 million in the corresponding period last year.
The company said Range Rover, Range Rover Sport and Defender accounted for 80.8 per cent of total wholesale volumes in the quarter, up from 77.2 per cent a year earlier, reflecting a stronger mix of its higher-value models.
JLR’s free cash flow stood at negative £998 million, while closing cash was £1.7 billion. Total liquidity at the end of the quarter stood at £5.9 billion.
Despite the challenging quarter, JLR said it continued to see strong demand for its brands and remained focused on its product pipeline.
At its investor day in June, the company announced a target of double-digit revenue growth over the next five years, supported by greater propulsion flexibility and a renewed strategic focus on North America.
JLR also said operating efficiencies under its Enterprise Missions programme would begin delivering the targeted £1.7 billion in savings over two years.
The company has signed a memorandum of understanding with Stellantis to explore collaboration opportunities on new products for the Defender brand specifically designed for the US market.
JLR also highlighted the upcoming launches of the Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01.
“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,” JLR CEO P B Balaji said.
Production of the first CJLR Freelander began on July 30 at the company’s joint venture plant in Changshu, China.
JLR said it would continue investment in line with its previously announced £18 billion five-year investment programme, ahead of the launch of new products.
