A Mixed Q2 For Escorts Kubota | FY27 Tractor Industry To See Low-Single-Digit Decline, Says Company
CNBC-TV18 · 03 Nov 2026 · 12 min
Management interview of Escorts Kubota Ltd (ESCORTS), with 7 key numbers discussed.
- Bharat Madan, Whole-Time Director & CFO, Escorts Kubota
Escorts Kubota anticipates the domestic tractor industry will see a low-single-digit decline for the full year, led by a 10-12% degrowth in H2 due to a high base and the withdrawal of Maharashtra subsidies. However, the company expects its own H2 tractor volumes to remain flattish and continue outperforming the industry. Cumulative cost inflation stands at 10-11% through Q3, against cumulative price hikes of 6-7%, leaving an unresolved gap of 3-4%. The construction equipment segment remains robust, tracking high double-digit growth for the full year.