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Escorts Kubota Q4 Review: Motilal Oswal Maintains 'Neutral' On Market Share Loss Concern, Cuts Target Price

The key concern remains that Escorts Kubota has lost market share to competition in FY25, partly due to an unfavorable regional mix, adds Motilal Oswal.

<div class="paragraphs"><p>Escorts Kubota's&nbsp;Q4 revenue grew 6% YoY to Rs 24.3 billion (ahead of our estimate of Rs 23 billion).&nbsp; (Photo source: Company)</p></div>
Escorts Kubota's Q4 revenue grew 6% YoY to Rs 24.3 billion (ahead of our estimate of Rs 23 billion).  (Photo source: Company)
Escorts Kubota’s Q4 results were ahead of estimates, with better-than-expected margins in the tractor segment. Both MM and tractors reported a healthy margin revival QoQ in a seasonally weak quarter. While the demand outlook for tractors is improving, Escorts Kubota continues to lose market share due to an unfavorable regional mix—a trend that is likely to persist even in FY26. Further, the outlook for the construction equipment segm...
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