MRF Sees 12% Growth in Income but Profit Declines Due to Input Costs
Despite the increase in total income, profits for the financial year 2024-2025 declined due to increase in input costs.
The Company's consolidated Exports for the year ended 31st March, 2025, was Rs 23.21 billion as against Rs 18.87 billion for the previous financial year ended 31 March, 2024 registering an increase of around 23 per cent when compared to the previous year.
In the financial year 2024-25, all the three segments of market viz. Replacement, Institutional and Export registered strong growth. The 4th Quarter continued to register overall growth in Original Equipment, Exports and in Replacement segment.
In addition to conventional ICE vehicles, the Company continues to be a significant player in Electric vehicles, supplying tyres to all major Original Equipment Manufacturers in Commercial, Passenger and 2/3 Wheeler segments.
A slew of new SKUs launched in various categories like Passenger, Motorcycle, Truck, LCV and OTR have given an impetus to growth in the current year.
Raw Material cost marginally softened in the 4th Quarter compared to the levels in 3rd Quarter, which was partially offset by Rupee depreciating against the Dollar. Company effected price increases during the year, which offset the impact of increase in input cost to some extent.