Shares of Tata Motors Passenger Vehicles (TMPV) slumped as much as 10% to an intraday low of Rs 355 on Wednesday and eventually settled 8% lower after Jaguar Land Rover (JLR) unveiled its FY27 outlook at its investor day, with profitability guidance falling short of Street expectations.
During the event, JLR projected revenue growth of 13% to £26 billion for FY27 and guided for EBIT margins of 4%, compared with just over 0% in the previous financial year. While the guidance points to an improvement in profitability, analysts had been expecting margins above the 4% mark.
