
With inflationary pressures driving up input costs, CEAT and JK Tyre have seen their profit margins shrink despite steady revenue growth, leading them to pass some of the cost burden onto consumers.
CEAT recently raised prices by 3-4 per cent in its passenger and commercial tyre segments and has plans for further hikes in the current quarter. In its latest earnings report, the company highlighted a record second quarter (Q2) revenue of ₹3,300 crore, marking an 8.2 per cent increase year-on-year.
However, its operating margin declined from 12.47 per cent in the first quarter of the financial year 2025 (Q1FY25) to 11.71 per cent in Q2FY25 due to rising input costs.
This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In


This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Outward remittances fall 10% in 9MFY25
Outward remittances under RBI's Liberalised Remittance Scheme (LRS) dropped 10.15 per cent year-on-year (Y-o-Y) to $22.82 billion in the April-December period of 2024-25 (FY25), dragged down by declines across major segments.

AU Small Finance eyes a bigger share of wealth biz pie
AU Small Finance Bank (SFB) is expanding its wealth management business, aiming to compete with larger players in the space to capture a bigger share of the market.
Black Box bullish on India's GCC, data centre boom
With the demand for data centres going up across the world, Black Box, a digital infrastructure firm, is expecting revenue growth at ₹7,000 crore in FY26, driven by a stronger win rate from large enterprises and high-value opportunities.

Hilton to Launch 75 Hampton Hotels in India
Hotels will debut across Gujarat, Rajasthan, Punjab and Bihar
Phoenix Kothari invests ₹5K cr in TN footwear sector
In a sign of Tamil Nadu competing with global footwear clusters like Dongguan in China and Campos Bom in Brazil, Phoenix Kothari Footwear Ltd on Wednesday announced a fresh investment of ₹5,000 crore in footwear hubs in multiple locations in the state that may create more than 53,000 jobs by 2027.
Car firms see sales growth crawling at 1-2% in FY26
2-wheeler sales may rise 8-10%
Trump moots 25% tariffs on auto, pharma imports
US risks shortages as India dominates generics space; auto cos expect muted pain

AI Can Be a Game-Changer in Quality and Personalization of Learning
Online learning is here to stay. And artificial intelligence (AI) will take it to the next level by expanding the opportunities and bringing quality learning experience to people who have historically not been able to afford it, said MOHAN LAKHAMRAJU, founder and chief executive officer (CEO) of Great Learning—the professional learning and upskilling company. In a video interview with Peerzada Abrar, Lakhamraju said that with the recent launch of AI Mentor and AI Teacher by the company, access to high-quality learning can be democratized. Edited excerpts:

Google Opens Its Largest India Campus in B'luru
'Ananta' Will Have a Capacity to Seat 5,000 Employees

Diagnostic kit makers asked to report adverse events
The Indian Pharmacopoeia Commission (IPC), which sets standards for all drugs that are made, sold and consumed in India, has come out with a draft format for reporting of adverse events due to in-vitro diagnostic (IVD) medical devices, such as pregnancy test kits and blood glucose test kits.