Jk Tyre

Amid price hike reports, shares of tyre companies rally for second day

According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).

International Finance Corp to buy 5.6% stake in JK Tyre for $30 million

JK Tyre & Industries Ltd on Wednesday said World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to pick a 5.6 per cent stake in the company to part-fund expansion of energy-efficient tyre manufacturing. The investment by IFC in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity, the company said in a regulatory filing. Subsequently, International Finance Corporation (IFC) will hold a 5.6 per cent stake in the tyre major through the issue of compulsorily convertible debentures (CCDs) on a preferential basis, it added. "The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said. This aligns with ..

Domestic expected to see double digit growth in FY24: JK Tyre MD

Domestic tyre industry is expected to witness double-digit growth next fiscal with the automobile industry back on full swing, JK Tyre Chairman and Managing Director Raghupati Singhania said on Tuesday. JK Tyre, which on Tuesday introduced a tyre brand -- Levitas Ultra -- to cater to the luxury car segment, is also expected to follow the industry growth path and report a double-digit sales growth next financial year, he noted. "Tyre industry had undergone a bit of a rough patch in the last couple of years back when the auto industry was in a bit of a slowdown due to Covid and all that... Now with the economic activity improving the tyre industry is coming back on full swing," Singhania said. He noted that demand remains strong across most segments of the domestic automobile industry. The industry has also gained immensely from the government's push to boost local manufacturing, Singhania said. "Over the next 2-3 years, demand for tyres in the country is expected to grow stronger,

Stocks to Watch: Asian Paints, Adani Green, JK Tyre, Tata Motors, GR Infra

Stocks to Watch: Adani Green Energy (AGEL) has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for financial year 2023-24 (FY24)

JK Tyre looks to expand retail presence; bolster presence in SUV, EV space

JK Tyre Industries is looking to expand its retail network across the country by up to 20 per cent over the next 12-18 months, a top company official said on Monday. The company, which on Monday expanded its retail presence in North India by opening six outlets, is also looking to bolster presence in the fast-growing sports utility vehicle and electric vehicle verticals. "We currently have around 650 brand shops across the country. Over the next 12-18 months we expect a 15-20 per cent addition in these outlets as we look to go nearer to the customer," JK Tyre and Industries President (India) Anuj Kathuria told PTI here in an interaction. The company on Monday launched six new brand shops spread across Uttar Pradesh, Haryana and Rajasthan as part of its plans to improve presence especially in smaller towns and rural areas. JK Tyre now has 221 brand outlets in the northern part of the country. "Customer needs are now not limited to the big centres. With growing car parc, customers i

JK Tyre best in 'ESG' rating in industry, targets carbon net zero by 2050

The company is working on being more environmentally responsible by producing more from less and reducing energy intensity, greenhouse gas emissions

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

JK Tyre hits all-time high; share price more than doubles in 5 months

Till 02:35 pm, a combined 14.7 million equity shares representing 6 per cent of total equity of the company had changed hands on the NSE and BSE.

Tyre stocks on a roll; Apollo Tyres hits record high, Ceat 52-week high

The raw material (RM) and other input costs have started softening after a long spell of unprecedented increase, which is likely to improve margins in the medium term for tyre companies

Better grip on future for tyre stocks: Tread on easing input cost, demand

Higher raw material prices had punctured sequential margins of major tyremakers

JK Tyre reports net drop in Sept quarter profit by 23% to Rs 50 crore

JK Tyre & Industries on Tuesday said its consolidated net profit declined 23 per cent to Rs 50 crore for the second quarter ended September 30, 2022. The tyre maker had reported a net profit of Rs 65 crore in the July-September period of last fiscal. Total income, however, increased to Rs 3,764 crore in the September quarter as against Rs 2,998 crore in the year-ago period. JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said the company's operating margins have somewhat improved due to better market conditions. "We continue to achieve robust growth in domestic volumes across products, i.e., commercial and passenger tyre segments. During the quarter, OEM offtake improved post-easing in semiconductor supplies, festive season and good traction in economic activities," he noted. He further said: "We believe domestic demand shall continue to grow on the strength of improved economic activities, sustained focus of government on infrastructural spends and ...

Vinay Rajani of HDFC Securities expects markets to remain bullish for now

Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.

Raghupati Singhania receives PHDCCI lifetime achievement award for 2022

The event felicitated industry stalwarts for transforming society, helping improve the community, setting entrepreneurship benchmarks, and demonstrating exemplary leadership qualities

Tyre stocks in focus, rally up to 8%; Apollo, Ceat register 52-week highs

The tyre industry is expected to perform well mainly due to easing out of pandemic, increasing demand from OEMs and replacement segment.

JK Tyre bullish on demand, hikes price by 6-7% to offset higher input costs

Optimistic about demand growth in the current fiscal, JK Tyre & Industries Ltd on Thursday said it has increased price by 6-7 per cent and a further hike is under consideration to reduce the raw material cost pressure. The leading tyre maker said EBITA has started improving and it is likely to be better in the forthcoming quarters. "On an average, the cost input impact on the company due to the unprecedented commodity price inflation was around 30-35 per cent over the last 18 months. We have taken consistent price hikes in the last fiscal and even in this fiscal further price increase to the tune of 6-7 per cent has been done, JK Tyre president (India) Anuj Kathuria said. However, the company has not been able to pass on the entire cost increase and further price hikes are under consideration, he said on the sidelines of the launch of two new tyres for the truck and bus radial segments. "EBITA is improving and it is expected to get better in the subsequent quarters with the price .

JK Tyre brings puncture guard technology in tyres for four-wheelers

JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology in its range of tyres for four-wheelers. With this technology, tyres can self-repair multiple punctures, due to nails or other sharp objects, up to 6 mm in the tread area instantly, the tyre maker said in a statement. Puncture guard tyre offers hassle-free ride throughout the life of the tyre, without air loss, it added. "With the introduction of Smart tyre technology in 2020 and now the Puncture Guard Tyre technology, we have yet again delivered on our commitment to provide advanced mobility solutions to our customers. This technology offers high level of safety and convenience to vehicle owners," JK Tyre Chairman & Managing Director Raghupati ...

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

JK Tyre's net profit drops 77% to Rs 54 cr in December quarter

JK Tyre & Industries on Thursday said its consolidated net profit declined 76.6 per cent to Rs 53.92 crore for the third quarter ended December 31, 2021. The company had reported a consolidated net profit of Rs 230.46 crore in the corresponding period last fiscal, according to BSE filing. However, its revenue from operations in October-December 2021 rose to Rs 3,076.03 crore as compared with Rs 2,769.28 crore in the year-ago period, JK Tyre said in a statement. "We are optimistic on the outlook of the tyre industry and believe there will be good demand growth across all market segments given the expected economic activity going forward and the waning effect of the pandemic," JK Tyre Chairman and Managing Director Raghupati Singhania said. In a separate regulatory filing, the tyre maker said the Competition Commission of India (CCl) has published an order dated August 31, 2018, against the company and some other OEMs (original equipment manufacturers) for alleged contravention of ..

Tyre stocks trade weak after CCI imposes penalty; Ceat hits 52-week low

The CCI on Wednesday said Supreme Court dismissed a petition filed by tyre companies wherein they had challenged the regulator's order imposing penalties on them for anti-competitive practices

JK Tyre profit falls 41% in September quarter on back of rising input costs

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year