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Margin in Q3 will definitely come under some pressure: CEAT

Updated : December 04, 2020 02:33 PM IST

CEAT has gotten into an agreement with Nissan to supply tyres to a particular model and range of cars. Rubber prices are at multi-year highs, the second quarter saw dramatic cost controls.

“The costs have been steadily going up since the quarter began in Q3 and that is going to be the trend. There was a bit of a slowdown that happened in Q1 and has the markets open up, as the demand is increasing and as productions are being ramping up there is an increasing in the input cost,” says Amit Tolani of CEAT.

“We see that and it is as per what we expected. It is not a surprise for us, and there are adequate measures that we are taking to ensure that we mitigate the cost increase,” he said.

On margins he said, “Margins would definitely come under pressure because the input costs are higher.”

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