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

<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

CEO, Helixtap

Farah Miller

<ul><li>MRF scripts 417% rise in profit YoY  </li><li>Apollo Tyres clocks 124% rise in profit YoY  </li><li>CEAT registers a whopping over 15 times increase in profit  </li><li>JK Tyre reports 352% rise in profits</li></ul>

MRF scripts 417% rise in profit YoY  Apollo Tyres clocks 124% rise in profit YoY  CEAT registers a whopping over 15 times increase in profit  JK Tyre reports 352% rise in profits

Indian Tire Majors Upbeat In Q1 FY 2024 On Domestic Push

<ul><li>JK Tyre completes first phase expansion at Banmore at INR 312 crore investment  </li><li>CEAT acquires 56.9% stake in online tire-trading firm Tyresnmore   </li><li>Apollo lines up INR 1,100 crore overall capex for India</li></ul>

JK Tyre completes first phase expansion at Banmore at INR 312 crore investment  CEAT acquires 56.9% stake in online tire-trading firm Tyresnmore   Apollo lines up INR 1,100 crore overall capex for India

Indian Tire Majors On Expansion, Consolidation Mode

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

<p>Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in most Western countries. This technology is not only the most important innovation in the tyre industry but also an index of the road infrastructure in a country.</p><p>While radialisation was first introduced in India in 1977 by <a href="https://www.smartkarma.com/entities/8501" target="_blank" data-smartkarma-citation="entities:8501:1">Jk Tyre &amp; Industries Ltd (JKI IN)</a>, the trend caught on only in the passenger car segment. Even as the penetration of passenger radials…</p>

Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in most Western countries. This technology is not only the most important innovation in the tyre industry but also an index of the road infrastructure in a country.While radialisation was first introduced in India in 1977 by Jk Tyre &amp; Industries Ltd (JKI IN), the trend caught on only in the passenger car segment. Even as the penetration of passenger radials…

Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra

India

CEAT Limited is an Indian multinational tire manufacturing company and the flagship company of the RPG Group. It produces high-performance tires for a wide range of vehicles, including cars, two-wheelers, trucks, buses, light commercial vehicles, and off-highway vehicles, and has a global presence in over 110 countries. The company was established in 1924 in Turin, Italy, and is headquartered in Mumbai, India.

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CEAT (CEAT 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

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

Indian Tire Majors Upbeat In Q1 FY 2024 On Domestic Push

Indian tire majors repeated the sterling performance in Q4 of FY 2023 in the Q1 of FY 2024 (April 2023-March 2024) too on the back of prolonging...

Helixtap

Indian Tire Majors On Expansion, Consolidation Mode

With JK Tyre completing the expansion of its radial tire manufacturing unit in Madhya Pradesh State, Apollo Tyres lining up INR 1100 crore for...

Helixtap

Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra

Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in...

Chacko Jacob

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