MRF quarterly profit rise driven by strong tyre demand in India
MRF Ltd reported a solid improvement in earnings for the quarter ended 30 September, supported by stronger demand for automobile tyres and steady growth in the OEM segment. The company posted a net profit of ₹5.12 billion, up from ₹4.55 billion a year earlier, marking a clear MRF quarterly profit rise this season. Revenue from operations increased 7.2 percent to ₹72.5 billion, according to data shared in a Reuters report.
MRF’s cost structure remained relatively stable, with total expenses rising 6.6 percent during the period. This helped the company maintain control over margins despite fluctuations in raw-material prices and operational costs. The strong performance was supported mainly by automobile manufacturers, who increased tyre orders in line with improved vehicle sales seen across the country.
However, the replacement tyre segment showed signs of weakness. Several dealers reportedly delayed tyre purchases due to tax-related procedural delays, which slowed down the otherwise consistent replacement cycle. This softer retail environment meant that the company’s overall demand pattern leaned more toward OEM volumes rather than balanced growth across segments.
Even with this mixed demand environment, the MRF quarterly profit rise signals resilient fundamentals in India’s tyre sector. The company continues to benefit from its wide product portfolio, deep distribution network, and strong brand presence in both passenger and commercial vehicle categories.
MRF’s performance in this quarter adds momentum to the tyre industry’s recovery curve and reflects how top manufacturers are navigating changing demand cycles, evolving regulatory pressures, and fluctuating input costs. With festive-season vehicle sales and infrastructure growth expected to support tyre consumption in the coming months, analysts believe the demand outlook remains positive.
Editor’s View
The latest numbers from MRF show what happens when strong OEM traction aligns with tight cost management. The MRF quarterly profit rise reinforces that India’s tyre industry is closely linked to the pace of automobile manufacturing. When vehicle sales climb, the tyre sector naturally accelerates.
At the same time, a weaker replacement market is a reminder of how sensitive tyre demand can be to supply-chain delays, dealer liquidity, and tax-compliance bottlenecks. Replacement demand is usually the backbone of tyre revenue, and any slowdown here affects long-term stability.
Still, MRF’s performance highlights that companies capable of maintaining momentum in both OEM and replacement channels will be better positioned in the coming quarters. The brand’s broad product mix and strong market trust keep it resilient, even when one part of the market softens. As India’s mobility ecosystem continues expanding, the tyre industry’s growth curve is likely to remain on an upward track, with players like MRF leading the push.
