Raw Material Costs

This will be driven by higher volumes and recovery in rural demand, according to the analysts.

Chart of the day: Fertiliser subsidy may drop below budget estimates in FY24

The fall in raw material prices accelerated since the Union Budget on February 1

Rising input costs, supply chain woes headwinds for Indian auto sector in 2022: MG Motor India

The domestic auto industry was looking forward to over 10 per cent growth in 2022 in the beginning of the year but if the current situation persists, it could have an impact on demand as the year progresses, MG Motor India President and Managing Director Rajeev Chaba noted.

UPL displays manufacturing prowess, but rising costs bite

Analysts pared earnings forecasts even as UPL maintained revenue growth forecast for 2021-22

Demand still weak but low RM cost beneficial:TTK Prestige

TT Jagannathan, Chairman of TTK Prestige sees the benefit of lower raw material costs continuing until at least the second quarter this year.

Can sustain margins on weak crude oil prices: Cosmo Films

Pankaj Poddar, CEO Of Cosmo Films says its aurangabad plant is self-sustainable as it manufactures biaxially oriented polypropylene (BOPP) lines, extrusion coating lines and metalizers.

Uptick in US steel prod to aid growth: IFGL Refractories

Going forward Pradeep Bajoria, MD, IFGL Refractories is hopeful of things turning around for the steel industry in FY16.

See volume growth of 15% in FY16: Supreme Industries

MP Taparia, MD,Supreme Industries said the company plans to develop new products in the cross-laminated film division.

Crude fall won't hit margins, nor boost profits: Uflex

According to RK Jain of Uflex there will be no major impact on margins from crude derivatives. Neither does he expect exceptional jump in profits.

See 7-8% price hike; Rs 2500 cr annual turnover: JK Paper

AS Mehta, President, JK Paper said after hiking prices in October, the next price increase would be in December

Apollo Tyres Q3 net down 18% on high cost, one-time penalty

Apollo Tyres’ net profit for the third quarter fell higher-than-expected 18% year-on-year to Rs 98 crore, hurt by high raw material costs and one-time penalty on its South African subsidiary.

Sales momentum to continue in next couple of months: M&M

Monthly auto sales numbers have started trickling in. M&M's November total auto sales came in slightly lower at 40,722 units versus 41,506 units (MoM), but were much better than expectations. Arun Malhotra, Senior Vice President of sales and customer care (Automotive Division) indicated that the auto sales saw a growth of 53% on a yearly basis.

TVS Motor Q2 net up better-than-expected 40% to Rs 77 cr

Two-wheeler major TVS Motor Co’s net profit for the second quarter rose better-than-expected 40% year-on-year to Rs 77 crore, helped by continued strong demand for its motorcycles and scooters.

FMCG cos hike prices even as mkt debates a likely slowdown

Even as there is a talk of a possible slowdown in consumer spending amid continued high inflation and the stock markets are in turmoil, FMCG companies have been slowly raising product prices, especially in soaps & detergents and personal care products.

POSCO Q2 profit down 17%; meets forecast

POSCO reported a 17% annual fall in quarterly operating profit, hurt by high raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.

Apollo Tyres to hike prices by up to 6% from Apr

Apollo Tyres today said it will hike prices of its products by up to 6% from April to offset spiralling raw material costs

Raymond to raise apparel prices as high input costs bite

Cotton prices have soared in the last one year and that has left the country’s largest branded apparel retailer Raymond with little choice but to raise prices, Chairman Gautam Singhania said Friday.

Shanghai steel rebar hits record for fifth day

Shanghai steel futures jumped to a record for a fifth day running on Friday, buoyed by soaring raw material costs and expectations of a pickup in demand.