MRF posts decline in profit as rubber price surge
India Business News: BENGALURU: MRF on Friday posted decline in its fourth-quarter on Friday, primarily due to the surge in rubber prices.
Source: indiatimes.com
Rubber Prices News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Rubber Prices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Rubber Prices Today - Breaking & Trending Today
Apollo Tyres faces twin speedbumps of rising costs, weak demand
The company does have a cushion, though, with high-margin segments growing their share and debt falling.
Source: livemint.com
Govt hikes rubber sector support by 23% to ₹708 cr for next two years
The production of natural rubber would be increased through expanding planted area, accelerating rubber plantation development programmes in non-traditional regions, including the Northeast.
Source: livemint.com
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.
Source: moneycontrol.com
Ceat Tyres: CEAT beats profit view on higher margins from price hikes, ET Auto
Ceat Tyres: The company hiked prices of its tyres for a second straight quarter. This helped it push its profit margins up to 6.1% from 1.3% a year ago, even as prices of raw materials rose this quarter. Rubber prices, the key ingredient in tyre-making, ended higher in the quarter, responding to the rise in crude oil prices. Total expenses rose 2.5%, with raw material costs shooting up nearly 3%.
Source: indiatimes.com