💨 Abstract
India's Apollo Tyres reported a 32% decrease in Q3 profit due to high rubber costs, despite healthy tyre demand. Revenue rose 5%, while total expenses increased by 10%. The company raised prices for some segments during the quarter. Peers MRF and CEAT also reported decreased profits due to increased raw material costs.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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