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MRF posts decline in profit as rubber price surge

India Business News: BENGALURU: MRF on Friday posted decline in its fourth-quarter on Friday, primarily due to the surge in rubber prices. ....

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Apollo Tyres faces twin speedbumps of rising costs, weak demand

The company does have a cushion, though, with high-margin segments growing their share and debt falling. ....

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Govt hikes rubber sector support by 23% to ₹708 cr for next two years

The production of natural rubber would be increased through expanding planted area, accelerating rubber plantation development programmes in non-traditional regions, including the Northeast. ....

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Rubber prices continue to soar, threaten to hit tyre market

There appears to be no respite in the near term from surging rubber prices in India due to shortage of supplies and delayed imports. Abnormal fall in production in Thailand is adding to the problem. The robust demand for tyres in an election year will put pressure on the sector. ....

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Ceat Tyres: CEAT beats profit view on higher margins from price hikes, ET Auto

Ceat Tyres: The company hiked prices of its tyres for a second straight quarter. This helped it push its profit margins up to 6.1% from 1.3% a year ago, even as prices of raw materials rose this quarter. Rubber prices, the key ingredient in tyre-making, ended higher in the quarter, responding to the rise in crude oil prices. Total expenses rose 2.5%, with raw material costs shooting up nearly 3%. ....

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