JK Tyre and Industries's share of the first quarter declined nearly 8 %, as per the revealed reports.

As per the Raghupati Singhania, Chairman & Managing Director of JK Tyre, “We are indeed passing through challenging times. The raw material costs increased by about 30 percent over the corresponding quarter. Such steep increase in prices of raw materials without the commensurate increase in selling prices dented margins. Moreover, unabated imports of cheap Chinese radial tires impacted both volumes as well as prices of Truck/Bus radials.”

"With the smoothening out of the GST roll out, the situation is likely to be somewhat better in the coming months," he added.

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