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Demand, margin worries: A rough terrain for tyre firms till mid-FY23

The extent of the raw material risk is more for tyres as compared to others given the dependence on the crude oil derivatives.

Topics
Tyre | Ceat Tyres | MRF Tyres

Ram Prasad Sahu 



tyres

The sector has been one of the most-impacted segments within the auto-component space because of the surge in commodity prices. Stocks in the sector have seen the sharpest earnings per share cuts and de-rating. Leading sector players have shed between 17 per cent and 30 per cent since their highs in January, before recovering a bit over the last couple of weeks.

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First Published: Sun, April 03 2022. 23:12 IST

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