Q1 FY19 has been a spectacular quarter, as far as profitability is concern, for the Indian TYRE sector. All most all the companies have registered a superb performance during this period - many thanks to the increasing demand from the OEMs, as well as, in the replacement market. Common Parameters for Such Performance for the Sector Are – Stable Crude Oil prices Range bound natural rubber prices Strong demand from the Auto manufacturers Market Leader Performance: For the Q1
Q4 FY ‘18 was a tremendous quarter as far as Indian Tyre Manufacturers and Indian Tyre Sector is concern, thanks to the sinking Raw Material prices (like Natural Rubber and Carbon Black) and robust demand from the automobile manufacturers. As far as numbers are concern, the profits of all the companies (except TVS) were up in the range of 7% to 40%, while the revenues were increased up to 24% for the quarter ended on 31st March 2018. The Common Parameter/s for such Performance for the Sector
TYRE Sector Q2 – FY 2017-18 was again a disappointing quarter for the tyre manufacturers in India. Click here to see Q1 Results. As far as numbers are concern, the profits of all the companies were down in the range of 16% to 96%, while revenues were almost flat to negative. The Common Parameter/s for such Performance for the Sector is/are - Higher Raw Material prices Positive Sign for the Tyre Sector - Results were an indication of the market that is showing signs of picking
TYRE Sector: Q1 was a challenging rather disappointing quarter for almost all the tyre manufacturers due to the GST impact and peak RM prices. Both these factors have hit tyre companies top-line and bottom-line badly. As far as numbers are concern, the profits of the companies were down in the range of 46% to 99%, while revenues were up marginally in the range between 2% to 7%. Market leader MRF has posted a decline in profits (drops by as many as 63% compared to previous quarter) while
TYRE Sector: Q4 was disappointing for the Tyre sector. Click here for Q3 Results. Profitability of all the companies for the fourth quarter ended March 31, 2017, hurt by continued impact of demonetisation and spike in raw material prices. As far as numbers are concern, the profits of all the companies were down in the range of 22% to 32%, while revenues were up marginally in the range between 4% to 8%. Market leader MRF has posted decline both in profits as well as revenues, while
