Higher input costs affects MRF’s Q1 profitability

MRF Q1 Results: PAT dips 6% YoY to Rs 479 crore; shares fall 3% amid sharp margin contraction

MRF reported Q1 FY27 profit of Rs 479.25 crore, down 6.5% YoY, with EBITDA margin compressing 218 bps to 11.77%. Material costs surged 21% YoY, straining margins despite 10% revenue growth—a signal of input-price inflation and operational-leverage pressure across manufacturing.