Rising rubber prices could impact MRF's earnings in coming quarters

The Chennai-based MRF Tyre has posted a strong double-digit sales growth in each of the last three quarters. This is due to robust demand for tyres boosted by higher automobile sales . But rising raw material costs due to rising rubber prices have put its operating profit under pressure, besides eroding its net earnings. The demand scenario of the tyre sector is positive due to expectations of a

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