TVS Holdings Ltd

TVS Holdings: Strong Growth & Improved Margins 📈

• TVS Motor Company's revenue grew ~20% CAGR from fiscal 2022-2025

• Over 20% revenue growth expected in fiscal 2026

• Operating profitability improved to ~11% in fiscal 2026, up from 8.5% in fiscal 2021

• TVS Holdings holds 50.26% stake in TVS Motor Company valued at ~₹82,000 crore as of March 2026

• Invested ₹526.79 crore in subsidiary Home Credit India Finance in March 2026, increasing stake to 80.39%

• Debt obligations include ₹1,300 crore due in fiscal 2029 and ₹300 crore in fiscal 2030

• Promoter pledged holdings reduced to 16.34% as of December 2025 from 23.06% in June 2025