Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Q2 FY 2025 sees NR prices hitting all-time high of INR 247/kg</li><li>Revenue of MRF, Apollo and CEAT goes up YoY; of JK Tyre dips</li><li>Tire prices hiked to mitigate impact of NR price rises</li></ul>

Q2 FY 2025 sees NR prices hitting all-time high of INR 247/kgRevenue of MRF, Apollo and CEAT goes up YoY; of JK Tyre dipsTire prices hiked to mitigate impact of NR price rises

Higher NR Prices Erode Profits Of Indian Tire Majors In Q2 FY25

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>The premiumisation trend remains in focus with UVs and premium 2Ws driving the growth</li><li>The entry-level 2W demand is expected to increase after a good monsoon and kharif sowing</li><li>However, it is pertinent to highlight that demand for 125cc and above continued to be strong</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The premiumisation trend remains in focus with UVs and premium 2Ws driving the growthThe entry-level 2W demand is expected to increase after a good monsoon and kharif sowingHowever, it is pertinent to highlight that demand for 125cc and above continued to be strongContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Autos (Q2FY25 Results Preview): 2W to Drive Growth, Soft Quarter for PVs

<ul><li>JK Tyres to pump in INR 1400 crore in two-three years</li><li>Apollo Tyres consolidates R&D in Europe</li><li>Gravita India to acquire waste tire recycling plant in Romania </li></ul>

JK Tyres to pump in INR 1400 crore in two-three yearsApollo Tyres consolidates R&D in EuropeGravita India to acquire waste tire recycling plant in Romania 

Indian Tire Players In Bid To Expand Reach Within And Outside

<ul><li>The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companies</li><li>Aggregate revenue/PAT grew by 7%/0% YoY and -2%/-8% QoQ across the HSIE coverage (~229 stocks)</li><li>Overall earnings were adversely skewed by the weak performance of OMCs, hence ex-OMCs, revenue/PAT grew by 9%/13% YoY and -2%/-5% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companiesAggregate revenue/PAT grew by 7%/0% YoY and -2%/-8% QoQ across the HSIE coverage (~229 stocks)Overall earnings were adversely skewed by the weak performance of OMCs, hence ex-OMCs, revenue/PAT grew by 9%/13% YoY and -2%/-5% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Quarterly Flipbook: Earnings growth moderates, demand pick-up holds the key

<ul><li>Inventory levels come handy for JK Tyres to log best performance  </li><li>Tire majors involved in aggressive pricing amid NR price hike  </li><li>Export segments of Apollo, MRF, JK and CEAT fare well</li></ul>

Inventory levels come handy for JK Tyres to log best performance  Tire majors involved in aggressive pricing amid NR price hike  Export segments of Apollo, MRF, JK and CEAT fare well

Mixed Results For Indian Tire Majors In Q1 FY 2024 25

India

Apollo Tyres Limited manufactures tires and tubes for cars, trucks, farm equipment and light commercial vehicles. The Company also manufactures automobile flaps and retreading materials.

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Apollo Tyres (APTY IN)

Higher NR Prices Erode Profits Of Indian Tire Majors In Q2 FY25

Escalated raw material prices ate into the profit margin of Indian tire majors in Q2 of FY 2024-2025 (July 2024 to Sept 2024) which saw these...

Helixtap

Autos (Q2FY25 Results Preview): 2W to Drive Growth, Soft Quarter for PVs

The premiumisation trend remains in focus with UVs and premium 2Ws driving the growth. The entry-level 2W demand is expected to increase after a...

HDFC Securities

Indian Tire Players In Bid To Expand Reach Within And Outside

The Indian tire spectrum is witnessing a slew of developments in expansion, sustainability, acquisition, and research and development. The...

Helixtap

Quarterly Flipbook: Earnings growth moderates, demand pick-up holds the key

The aggregate performance of the Q1FY25 earnings season was largely on expected lines, with wide divergences across sectors and companies

HDFC Securities

Mixed Results For Indian Tire Majors In Q1 FY 2024 25

The first quarter of the new financial year (FY 2024–25) ended June 30, with two top Indian tire majors witnessing a decline in their profit year...

Helixtap

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