JLR posts strong Q4 sales growth, turns net cash positive in FY25

Jaguar Land Rover (JLR) reported strong wholesale and retail sales for the fourth quarter (Q4) as well as the full financial year ending March 31, 2025. According to a regulatory filing, the company achieved a net cash positive position, a key target of its reimagine strategy, driven by sustained global demand.

JLR's wholesale volumes for Q4 reached 1,11,413 units (excluding the Chery Jaguar Land Rover China JV). This represents a 6.7 per cent increase compared to Q3 of FY25 and a 1.1 per cent increase year-over-year.

Significantly, JLR eliminated its net debt, achieving a net cash positive position by the end of the fiscal year.

Full-year wholesale volumes reached 400,898 units and retail sales were 428,854 units. These figures represent a slight decline of 0.1 per cent and 0.7 per cent, respectively, compared to the previous year. Full-year results and FY26 guidance will be released in May, stated the company.

Regional sales

Regional performance varied, with North America showing a 14.4 per cent increase and Europe a 10.9 per cent increase in wholesale volumes. The UK remained flat at 0.8 per cent, while China and overseas experienced declines of 29.4 per cent and 8.1 per cent, respectively.

Retail sales for Q4 totalled 108,232 units (including the Chery Jaguar Land Rover China JV). This represents a 5.1 per cent decrease compared to Q4 FY24, but a 1.8 per cent increase sequentially.

The more profitable models, Range Rover, Range Rover Sport, and Defender, accounted for a significant portion of sales. These models represented 66.3 per cent of total wholesale volumes in Q4 FY25 and 67.8 per cent for the full year.