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Higher NR Prices Erode Profits Of Indian Tire Majors In Q2 FY25
487 Views02 Dec 2024 10:00
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 majors resorting to largescale imports of compound rubber from Southeast Asia to cushion the impact of higher domestic NR prices.
What is covered in the Full Insight:
- Introduction to NR Price Impact
- Financial Performance of Tire Majors
- Market Outlook and Strategy
- Raw Material Import Dynamics
- Smallholders' Response to Price Drops
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