Revenue and Profitability Trends
Net sales for Goodyear India have shown a mixed trajectory, peaking at ₹2,927.51 crores in March 2023 before moderating to ₹2,608.05 crores in March 2025. The company experienced a notable dip in sales during the pandemic-affected years 2020 and 2021, with ₹1,745.57 crores and ₹1,791.71 crores respectively, reflecting the broader industry slowdown. However, the recovery phase saw revenues rebound strongly in 2022 and 2023.
Operating profit margins, excluding other income, have contracted from a high of 12.1% in March 2021 to 4.47% in March 2025, signalling margin pressures possibly due to rising raw material and purchase costs. Indeed, raw material expenses increased from ₹637.16 crores in 2021 to ₹1,096.15 crores in 2025, while purchas...
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