New Delhi, June 29 -- In FY26, revenue for auto ancillaries grew 12.5 per cent year-on-year, led by healthy volume growth across segments and an improved product mix. According to a research report by Elara Capital, this top-line expansion was accompanied by a 13.3 per cent growth in absolute EBITDA, although the aggregate operating margin remained flat at 13.6 per cent.

The report noted that out of the 59 listed auto component manufacturers analyzed in the study, 25 firms reported a contraction in their operating margins.

Across segments, the suspension braking and multiproduct categories led the revenue expansion, registering year-on-year growth of 16 per cent and 15 per cent, respectively. In terms of profitability, tyres, lighting, ...