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Net Sales are expected to increase by 12.1 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 5,827 crore, according to Motilal Oswal.
As raw material prices soften and chip shortage eases, tyre companies are ready to roll, given the strong demand outlook
Net Sales are expected to increase by 15 percent Y-o-Y (up 16.6 percent Q-o-Q) to Rs 4,814.3 crore, according to Motilal Oswal.
Tyre makers CEAT, Apollo Tyres and MRF are riding on a sharp pick-up in demand from original equipment manufacturers (OEMs) and the replacement segment
Tyre manufacturers are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. The Q3 FY21 numbers corroborate the strong pick-up in the demand post unlocking
Tyre companies -- CEAT, Apollo Tyres and MRF -- saw a significant recovery in the second quarter of FY21, driven by a sharp rise in replacement demand
Though sales of CEAT, Apollo Tyres and MRF got hit by the pandemic, the impact was less compared to other auto ancillary companies because of replacement demand
The Apollo Tyre’s stock is trading at a valuation discount compared with MRF and CEAT
Net Sales are expected to increase by 2 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 3,932.7 crore, according to Kotak.
Amid market volatility, sluggish industry demand outlook and significant rise in raw material cost, stock prices of tyre companies have come down significantly from their 52-week highs
Short term concerns such as change in axle norms and mandatory long term third party vehicle insurance could dampen demand from original equipment manufacturers
Net Sales are expected to increase by 15 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 4,101.6 crore, according to Kotak.
While raw material volatility is something that Tyre companies have to live with, the end market looks exciting and offers secular growth opportunity. We attempt to find an answer to the key question as to which tyre stock to bet on to ride on smoothly on the bumpy terrain?
Net Sales are expected to increase by 0.4 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 3496 crore, according to Centrum.
SP Tulsian in an interview to CNBC-TV18 shared his fundamental view on stocks that posted earnings like TVS Motors, ICICI Bank, MRF, CCL and others.
MRF reported a net profit jump of 94.2 percent at Rs 447 crore in the third quarter ended June, 2015 versus Rs 230.2 crore reported in the same quarter last year.
Speaking to CNBC-TV18's Sonia Shenoy, Koshy K Varghese, Exective VP- Marketing at MRF said the drop in rubber prices did not help the company's EBITDA margins as other input costs went up.