The company says it saw buoyant demand from OEMs as vehicle sales across segments witnessed strong growth
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Tyres major MRF Ltd on Tuesday reported a consolidated net profit of ₹495 crore for the quarter ended June. This is marginally lower compared to the ₹502 crore it reported in the corresponding quarter the previous year. The company’s revenue increased over 9 per cent to ₹8,415 crore during the period.MRF delivered a resilient operating performance in Q1 on the back of good demand for the company’s products, it said in a release. “Demand from original equipment manufacturers (OEMs) was buoyant as vehicle sales across segments witnessed strong growth. Replacement sales were also healthy as demand continued to be robust,” it added.Combating pricesThe profitability was mainly affected by higher input costs. Cost of materials during the the quarter stood at Rs 5,854 crore, compared with Rs 4,623 crore in the year-ago period.To mitigate the impact, MRF took on price increases and cost-management measures, it said. “Raw material prices continue to remain firm due to the ongoing conflict in West Asia. The impact of higher costs on margins is expected to continue,” the statement added.Published on August 11, 2026
