Viaz Tyres delivered a strong FY26, with revenue up 16.3% YoY to ₹108.34 Cr and profit (PAT) surging 35.5% to ₹5.27 Cr.

EPS saw an impressive 80.3% increase to ₹4.11, while PAT margins expanded to 4.87%. The company also reported positive cash flow from operations of ₹15.29 Cr for the year.

Viaz is strategically shifting from a tube manufacturer to a full-fledged tyre maker, targeting ₹350 Cr revenue by FY29, aiming for higher realizations and improved margins.

A new 1,50,000 sq. ft.

Mehsana plant, operational by H1FY27, will expand capabilities into 2W, 3W, LCV, and Agri/Farm tyres, tapping into India's growing replacement-driven tyre market.

To fuel this growth, Viaz recently completed a strategic preferential fundraise, allotting 11.86 lakh equity shares and 35.11 lakh convertible warrants at ₹70 each.

This capital will support capacity expansion, working capital, and distribution scale-up.

Management anticipates reaching 8-10% PAT margins, maintaining pricing discipline to manage raw material costs.