The tyre industry will continue to cruise at a good pace this fiscal, with volumes driving revenue growth for the third consecutive year, driven by steady demand from replacement and original equipment manufacturers, even as exports continue to face headwinds.
Operating profits, which saw some moderation last fiscal due to elevated input cost, will be supported by moderating input costs this fiscal. That said, rebounding prices of crude oil will be a speed bump.
The sector continues to receive strong governmental support in terms of curbs on imports, etc. This has boosted investments, reflected in large capacity additions in the recent past.
In this milieu, CRISIL Ratings is hosting a webinar, where its experts will delve into:
Demand drivers and outlook across segments
Profitability trends
Emerging trends and regulatory impact
Outlook on credit quality
The presentation will be followed by a panel discussion with sector experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
