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Better grip on future for tyre stocks: Tread on easing input cost, demand

Higher raw material prices had punctured sequential margins of major tyremakers

Topics
Tyre | Tyre industry | Tyre companies

Ram Prasad Sahu  |  Mumbai 



Apollo Tyres, two-wheelers, heavy vehicles
Natural rubber prices have been under pressure due to concern about global recession, supply-chain issues, and weak Chinese demand for tyres

After a mixed second quarter (Q2), there are multiple tailwinds for Indian . Higher volumes from makers (especially the original equipment manufacturer segment) and steady replacement demand are key drivers on the top-line front. The bigger trigger, however, is the easing of commodity prices on the back of falling crude oil-related inputs, as well as natural rubber prices. Together, the two account for over 60 per cent of the raw material cost as a percentage of sales.

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First Published: Mon, November 28 2022. 06:10 IST

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