Tata Motors extends losing streak to third day ahead of Q1 earnings

Tata Motors' share price has slipped nearly 13 percent since the beginning of the year.

Shares of Tata Motors slipped over a percent to Rs 639, marking its third straight day of losses, as investors turned cautious ahead of the automaker’s Q1 results later today, with analysts bracing for a sharp decline in profit and revenue.

According to a Moneycontrol poll of six brokerage firms, the Nexon maker is anticipated to record an 8.7 percent year-on-year decrease in revenue, reaching Rs 98,600 crore. Net profit is projected to witness a massive plunge of about 33.5 percent to Rs 3,672 crore from Rs 5,523 crore in the same quarter of the previous fiscal year.

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The domestic revenue is expected to take a hit due to a sharp 6 percent decrease in volumes and a flat average selling price year-on-year. The company sold 85,206 vehicles during the quarter, lower than the 91,209 units sold in the same quarter of the previous year.

The company’s British arm, Jaguar Land Rover (JLR), is expected to report a 12 percent year-on-year decline in volumes for the first quarter of FY26, excluding the China joint venture. The drop is largely attributed to subdued demand in the US market, where the imposition of Trump-era tariffs has dampened buyer sentiment.

Consolidated margins are expected to decline year-on-year by about 390 basis points. This decline will likely be driven by a combination of factors: negative operating leverage due to lower volumes, increased tariff-related costs on US sales, and adverse foreign exchange impact arising from the appreciation of the British pound against the US dollar.

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Investors will watch for updates on JLR’s FY26 guidance, progress on cost-control initiatives, demand and discounting trends in key markets, as well as volume and market-share trajectory. Clarity on the new-model launch schedule and the phase-out plan for Jaguar models will also be key.

At about 12:10 pm, shares of the company were trading at Rs 741, lower by 0.75 percent from the last close on the NSE. Tata Motors' share price has slipped nearly 13 percent since the beginning of the year.