New Delhi, April 2 -- Escorts Kubota, a pure-play tractor manufacturer, reported a 16% jump in sales volume for FY26. Tractors sales are more seasonal than those of other automobiles, so the focus should be on annual numbers. Escorts' FY26 growth was led by strong rabi-season demand, healthy reservoir levels and higher minimum support prices (MSPs).

But are the volume numbers good enough to revive investor interest in the stock, which has lost nearly a quarter of its value in 2026? Since exports form a small part of Escorts' total tractor volumes, let's evaluate the performance of domestic volumes, and compare them with those of bigger rivals such as Mahindra & Mahindra (M&M).

Escorts' domestic tractor volumes grew 15% year-on-year in F...