Higher raw material costs squeeze MRF's margins in Q2 FY27

Mumbai – MRF Ltd disclosed that its second‑quarter earnings were heavily impacted by rising input prices. Net profit declined 27.8% YoY to Rs 369 crore, while revenue grew 17.6% to Rs 8,524 crore.

EBITDA dropped to Rs 913 crore, a 16.3% reduction, taking the EBITDA margin down to 10.7% from 15% in the comparable quarter last year.

The company’s total operating expense surged 21.8% to Rs 8,269.77 crore, with raw material costs increasing around 43% YoY to Rs 6,552.57 crore.

Pre‑tax profit fell to Rs 521.81 crore and earnings per share slipped to Rs 912.46.

Despite the pressure on profitability, MRF’s board approved an interim dividend of Rs 3 per share for FY27, and set 17 November as the record date for shareholders.