- 08 Apr 2025
- ICICIdirect Research
JAGUAR LAND ROVER (JLR) REPORTED STEADY VOLUME PRINTS FOR Q4FY25 WITH WHOLESALE VOLUMES PEGGED AT 111,413 UNITS
TATAMOTORS - 668 Change: 12.90 (1.97 %)News: According to a press release, Jaguar Land Rover (JLR) reported steady volume prints for Q4FY25 with wholesale volumes pegged at 111,413 units, up 1.1% YoY and 6.7% QoQ, driven by strong demand in North America (+14%) and Europe (+11%), despite declines in China (-29%) and the overseas (-8%) & flat in the UK (0.8%). Retail sales totalled 108,232 units, reflecting a 5.1% YoY decline however up 1.8% on QoQ basis. Wholesales for FY25 were at 4.00 lakh units which is flat YoY with retail sales seeing a decline of 0.7% at 4.28 lakh units. The most profitable models—Range Rover, Range Rover Sport, and Defender comprised ~68% of wholesale volumes for FY25.
View: JLR volume prints for FY25 at 4.00 lakh units are ahead of our estimates of ~ 3.96 lakh units. In addition, JLR achieved its net debt zero target, ending the financial year net cash positive, With the growth in volume prints, JLR is in line with the guided comeback in H2FY25. The stock post its recent correction, is discounting extreme pessimist scenario and trades at inexpensive valuations, offering good entry point for long term wealth creation.
Impact: Positive