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JK Tyre & Industries Ltd on Friday reported a 25 per cent decline in consolidated net profit to Rs 163.35 crore in the first quarter ended June 30, 2025, impacted by higher raw material cost. The company had posted a consolidated net profit of Rs 218.3 crore in the corresponding quarter last fiscal, JK Tyre & Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 3,868.94 crore compared to Rs 3,639.08 crore in the same period a year ago, it added. Total expenses in the first quarter were higher at Rs 3,695.08 crore from Rs 3,364.02 crore in the year-ago period, the company said. Cost of materials consumed in the quarter grew to Rs 2,266.69 crore against Rs 2,166.88 crore in the same period last fiscal, it added. JK Tyre & Industries Chairman & Managing Director Raghupati Singhania said the growth momentum in domestic markets remained robust in Q1, with the company clocking a sales growth of 11 per cent ..
Demand for tyres in the domestic market is expected to remain robust going ahead as the automobile industry continues to scale new highs amid a positive economic environment, JK Tyre Chairman and Managing Director Raghupati Singhania said. In an interaction with PTI, the veteran industry leader said that robust Gross Domestic Product (GDP) growth and the government's focus on infrastructure development, is expected to fuel growth for the automobile sector as well as the tyre industry. "We see that the domestic demand will continue to be robust due to the healthy macroeconomic factors as well as the investments in infra and of course, overall feel good economic environment that we are running through," he said. Elaborating on some positive factors, Singhania said freight availability remains consistent, helping the commercial vehicle segment. Besides, robust GDP growth and more disposable income is helping in the enhanced offtake of cars, he noted. "So, we foresee that car demand w
JK Tyre & Industries on Tuesday said it has developed a passenger car radial tyre with 80 per cent sustainable, recycled and renewable material. The company said the tyre has been developed based on a decade long research and will deliver performance comparable to that of a standard radial tyre while registering a lower carbon footprint. JK Tyre said the "Ux Green" tyre was tested extensively in indoor and outdoor, on roads as well as on test tracks to validate the performance. "With a strong emphasis on creating substitutes to conserve the ecosystem, the tyre has been fully designed & developed using 80 per cent sustainable materials," JK Tyre Chairman & Managing Director Raghupati Singhania said in a statement. This development is not only a reflection of the company's R&D team, but it also reinforces its serious commitment to advancing sustainable growth and boosting societal value creation, moving towards carbon neutrality by 2050, he added. The range of such tyres