Total operating expenditure jumped 21.7% to Rs 764.32 crore in Q1 FY27 over Q1 FY26, primarily due to high raw material costs (up 36.6% YoY), higher finished goods purchases (up 25.2% YoY) and higher other expenses (up 8.9% YoY).
Profit before tax in Q1 FY27 stood at Rs 8.70 crore, down 54.1% from Rs 18.96 crore in Q1 FY26.
Goodyear India Limited has had a presence in India for over 104 years. Its manufacturing facility, located in Ballabgarh, Faridabad, produces automotive tires, including farm tires and commercial truck tires.
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