JK Tyre - Deleveraging To Further Drive Re-Rating: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.JK Tyre and Industries Ltd. is a leading tyre manufacturer with annual capacity pegged at 5.75 lakh million tonne. It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial space domestically.JK Tyre’s Q1 FY22 results were muted.Among geographies, decline for the quarter was entirely India-led. India revenues declined 13.9% QoQ to Rs 2,263 crore while Mexico operations posted sequential increase of 15.8% to Rs 470 crore.As per management commentary, the company continues to focus on all three channels i.e. original equipment manufacturer, aftermarket and exports and is taking price hikes across product categories. Capacity utilisation for the quarter was more than 80%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JK Tyre - Deleveraging To Further Drive Re-Rating: ICICI Direct

JK Tyre - Deleveraging To Further Drive Re-Rating: ICICI Direct

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