Tata Sons reported a 21.8% increase in profit after tax to ₹31,961 crore for the financial year ended March 2026, while revenue grew 9.1% to ₹42,367 crore, according to the company’s FY26 annual report released on 27 July. The conglomerate’s overall earnings improved despite deepening losses at its aviation arm, Air India.
The profit growth was driven by sustained performance across Tata Sons’ diversified businesses. However, Air India and its low-cost subsidiary Air India Express posted a combined net loss of ₹22,238 crore in FY26, more than double the previous year’s ₹10,859 crore. Tata Sons chairman Natarajan Chandrasekaran noted that the airline’s turnaround is expected to take five to ten years, signaling a longer recovery timeline than initially anticipated.
Tata Sons’ results highlight the contrasting fortunes within the group, with strong profitability in core sectors offsetting challenges in aviation. The losses at Air India underscore the difficulties in reviving the airline amid intense competition and rising costs. Meanwhile, Tata’s online retail arm, Tata CLiQ, narrowed its losses in FY26 with revenue rising 20.4% to ₹354.40 crore, reflecting efforts to strengthen its position in India’s luxury e-commerce market.
Tata Sons’ FY26 earnings report was released on 27 July, with the board recommending a higher dividend for shareholders. The company’s next major update will come with its quarterly results, which investors will watch closely for signs of progress in Air India’s recovery and Tata CLiQ’s path to profitability.