JLR (Jaguar Land Rover) Q1 FY26 Results: Revenue Hit by US Tariffs, Profit Down 49% YoY
JLR reported Q1 FY26 revenue of £6.6 billion, down 9.2% YoY, as US tariffs and legacy Jaguar wind-down hit sales. Profit before tax fell 49.4% to £351 million, with EBIT margin at 4%. CEO Adrian Mardell remains optimistic as new UK-US and EU-US trade deals are set to ease tariff pressures, while the company advances …