Looking to reduce long-term debt by another 25% to 30% by FY-26: Anuj Kathuria, JK Tyre
«The demand is looking great especially both in the passenger car as well as in the commercial vehicles. So once the demand is there, I think so the price levels definitely sustain,» says Anuj Kathuria, President (India), JK Tyre.
We all know what is happening with crude oil prices. Internationally, rubber prices as well have been seeing a jump. Tell me firstly, what is happening to your raw material basket cost increase from first quarter up until now?
As far as the input material prices are concerned, if you take the quarter one and even what we are seeing in quarter two, they have been largely range bound. There are some commodities where we saw a downward trend continuing from the quarter four of last year. In some commodities, they have been more flattish.
Yes, there are indications of the crude oil, but as of now, that has not reflected in our input material costs. But we are watching it very carefully and we would be keeping those things in mind. But as of now, as I said, all the input material costs whether it is natural rubber or others, are all range bound.
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Does it stand to then impact your EBITDA gross margins in any which way or would you say they have actually improved from the first quarter levels?
No, as of now in quarter one we saw that our EBITDA levels had improved as compared to the previous quarter and we expect that the similar trend to continue going forward.
There would be, in case there are any major changes, which we do not anticipate as of
