Rubber Prices

In the current fiscal year, tyre makers took price hikes of about 5-6 percent in replacement markets mainly, which is hardly sufficient to offset the pain from raw material price increases

The tale told by recent tyre price cuts

The price cut particularly in truck tyres paints a cautious outlook for CV demand and tyre sector's profitability that may have peaked

Indian natural rubber prices may hit Rs 200/kg, the highest this decade

Increasing rubber prices will impact the prices of products like tyres, and manufacturers may be compelled to pass on the costs to consumers.

Rubber prices continue to soar, threaten to hit tyre market

There appears to be no respite in the near term from surging rubber prices in India due to shortage of supplies and delayed imports. Abnormal fall in production in Thailand is adding to the problem. The robust demand for tyres in an election year will put pressure on the sector.

Bishop’s statement on rubber prices sets rubber planters’ expectations soaring

Many rubber growers feel the bishop’s statement of Rs 300 per kg is not an exaggeration, and that the issue has been politicised without understanding the plight of the rubber farmers in Kerala, who have been battling rising cost of inputs like manure, pesticides and rain guards, besides soaring labour cost.

Synthetic rubber prices drop, but demand not picking up

One reason, industry insiders say, is that tyre sales by original equipment manufacturers have been weak and the replacement tyre segment for commercial vehicles has also not done well. One industry veteran expects an improvement in sales only by the last quarter of FY23.

Bullish on tyre cos; see rubber prices falling to Rs 150/kg: Anand Rathi

Speaking to CNBC-TV18, Milak said though the decline in Chinese dumping along with fall in rubber will give a significant advantage for Indian companies, he cautioned that unless and until these factors sustain for a longer period of time rubber companies will fail to benefit significantly as the inventory carried by them is of around 40-45 days.

Long-term ambition to manufacture tyres for aviation mkt:JK Tyre

Vivek Kamra, President, JK Tyre said the company has ambitious plans of entering the civil aviation space over the long-term.

JK Tyres & Industries Q4 up 10.2% to Rs 116.77 crore

JK Tyres & Industries Ltd on May 16 reported a 10.20 percent rise in consolidated net profit at Rs 116.77 crore for March quarter.

MRF rallies over 4.5% on strong Q4 results

The company‘s revenue was up 7 percent at Rs 3361.1 crore versus Rs 3147 crore. Its EBITDA stood at Rs 607.5 crore versus an estimated Rs 436 crore.

Demand from truck cos firm; weak crude helping margin: CEAT

Huge imports are keeping domestic rubber prices soft and lower cost of raw materials is helping boost the company‘s operating profit margins, Subba Rao says

See double-digit margins in FY14: CEAT

Dispelling any worries about the recent fire in its Bhandup factory, A Subba Rao, chief financial officer, CEAT, says that there has been no loss of sales, though there were some losses on the production side for abour 48 hours.

We monitor local, global mkts for price arbitrage: Ceat

A Subba Rao, CFO, says Ceat continuously monitors both international and domestic markets and takes appropriate decision at that point of time whether domestic rubber purchase is better or international rubber purchase is better.

Better export sales, cost cuts aided margins: JK Tyre

In an interview to CNBC-TV18, AK Bajoria, President & Director of JK Tyre speaks about the company's quarterly numbers. The management feels that cost cutting in areas of power and fuel improved their margins.

Tyre prices brake on stable rubber; exports to boom: Ceat

Manish Dugar, CFO, Ceat says that with rubber prices remaining stable over the last 4-to-5 months on a strong demand-supply situation it is difficult to expect any fall in tyre prices. Exports constitute 24 percent of the tyre-manufacturer‘s total revenue and growth in exports continues to improve in markets like Indonesia and Italy.

Margins will rise if raw material costs fall: Apollo Tyres

Neeraj Kanwar, the managing director of Apollo Tyres told CNBC-TV18 that their margins were impacted due to high raw material and interest costs.

CEAT ups tyre prices, see better margins as rubber drops

CEAT, India's fourth largest tyre maker, last week raised prices of tyres 2-2.5% across categories, and expects margins to improve from September quarter due to a fall in prices of rubber, key raw material, a senior official said.

Rubber price deflates tyre stocks, opportunity to buy

The whopping rise in rubber prices is set to deflate the earnings of tyre companies. After the stock prices registered a fall, these companies looked reasonably priced and offered an investment opportunity with an upside potential of 15-25% in 12 months time.

Expect Q4 to be very challenging: Apollo Tyres

In an interview with CNBC-TV18, Neeraj Kanwar, MD of Apollo Tyres gave his perspective on the quarter gone by and the road ahead.

Ceat sees margins under pressure going forward

Anant Goenka, Dy MD, Ceat, in an exclusive interview on CNBC-TV18, said that his company has taken a price hike of 1.5%. At present, rubber prices are at Rs 235 per kg in the domestic market while internationally, they are Rs 20 higher than the domestic price.