bearish
Tire Majors Excel In Q3 FY24 YoY, But MoM Performance Dips
17 Views14 Mar 2024 13:48
Subdued demand coupled with relatively higher raw material (crude oil and NR) costs reflected in lesser profit for tire majors except Apollo Tyres in the third quarter of the Financial Year 2024 (April 2023-March 2024) compared to the previous quarter of the same year. However, year on year, the profits shot up dramatically due to relatively lower raw material prices and better product prices during this Q3.
What is covered in the Full Insight:
- Performance Overview
- Apollo Tyres' Export Strategy
- MRF's Challenges and Strategy
- JK Tyre’s Expansion Plans
- CEAT’s Input Cost Pressures
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