Most Indian tire majors posted robust results in Q2 FY 2025-26 (July-September), on account of softening raw material prices and brisk sales following GST cuts and festive demand, though the external environment remained rather frigid due to US tariffs and geopolitical uncertainty.
Highlights
• MRF posts 11.7% YoY profit growth
• JK Tyre clocks record revenue, profit surge
• Tire-makers benefit from GST-led demand rebound