MRF Limited, India's largest tyre maker, on Tuesday reported a near 28 per cent fall in second-quarter profit, as higher raw material costs overshadowed strong demand for its tyres, according to its stock exchange filing reported by The Hindu BusinessLine and Reuters.

Source: The Hindu BusinessLine

Standalone net profit for the quarter ended September 30, 2026 fell to Rs 369.15 crore from Rs 511.59 crore a year earlier, a decline of 27.8 per cent. Consolidated net profit fell 26.6 per cent to Rs 386.99 crore from Rs 527.43 crore, exchange4media and Autocar Professional reported from the filing.

Rs 369.15 croreStandalone Q2 net profit, down 27.8%
Rs 8,523.96 croreStandalone revenue, up 17.6%
~44%Jump in cost of materials consumed
Rs 3 per shareInterim dividend; record date Nov 17

Revenue held up even as profit fell. Standalone revenue from operations rose 17.6 per cent to Rs 8,523.96 crore, while the cost of materials consumed jumped about 44 per cent to around Rs 6,538 crore on a standalone basis. Reports linked the cost surge in part to the war in the Middle East, and said demand for tyres stayed resilient, supported by steady dispatches from automakers.

Source: Autocar Professional

The board declared an interim dividend of Rs 3 per share for the financial year ending March 31, 2027, with November 17 fixed as the record date.

The result underlines the squeeze facing Indian tyre makers: vehicle demand is holding up, but input costs are rising far faster than selling prices, so margins — not sales — are where the pressure is landing this earnings season.