MRF’s Production Constraints To Ease, Strong Demand: Anand Rathi 
MRF tyre store exterior with namesign. (Photo: BloombergQuint) 

MRF’s Production Constraints To Ease, Strong Demand: Anand Rathi 


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.

Anand Rathi Report

We continue to remain positive regarding the outlook for MRF Ltd. as demand for truck and bus radial tyres, passenger car radials and two-wheelers have started to return.

We expect demand to continue in the following quarters, barring production issues. With operations normalising at MRF, we expect strong revenue growth in FY22.

The company’s Q3 FY21 revenue grew 14% YoY to Rs 45.6 billion while its margins expanded by a significant approximately 587 basis points YoY to 21%.

Click on the attachment to read the full report:

Anand Rathi MRF Company Update.pdf


This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.