“Raw material and logistics costs are expected to remain elevated. We will continue to take measured steps to address these challenges, the Chennai-based company said in a statement.
MRF’s second quarter FY2027 consolidated net profit declined to Rs 386.99 crore from Rs 527.43 crore in the same period last year, amid high input cost.
The steep increase in prices of raw materials due to global uncertainties adversely affected profitability during the quarter. Price increase and cost saving measures helped to mitigate cost pressures, the company said.
MRF’s consolidated total income increased over 17 per cent to Rs 8,791.58 crore in the second quarter from Rs 7,489 crore in the comparable period last year.
The company said it delivered strong double digit sales growth, as it was able to capitalize on sustained demand for the Company’s products from both Original equipment and replacement segments.
MRF’s board declared an interim dividend of Rs 3 a share.
