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

The tyre 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 tyre 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. Highlighting the earnings sensitivity of the raw materials cost surge across sectors, analysts led by GV Giri of IIFL Research place tyre companies at the top of the list of companies that face the highest emerging …

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription

Complete access to the premium product

Convenient – Pay as you go

Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only

Auto renewed (subject to your card issuer’s permission)

Cancel any time in the future

Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal.
    We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action.
    Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital – 12 Months + 12 Months Free

Subscribe for 12 months and get 12 months free.

Single Seamless Sign-up to Business Standard Digital

Convenient – Once a year payment

Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI

Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that
    industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer’s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the “Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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





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

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments