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Tyre margins skid on costly rubber, firms mull more price hikes

Tyre margins skid on costly rubber, firms mull more price hikes

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JK Tyres’ earnings before interest, tax, depreciation and amortization (Ebitda) fell 36% year-on-year to ₹343 crore in the September quarter, while profit after tax fell 73% to ₹60 crore. Ceat saw its Ebitda slip 11% to ₹452 crore and profit down 40% from a year ago to ₹112 crore.

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