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MRF Q2 Profit Declines Amid Rising Raw Material Costs; Mixed Analyst Outlook

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MRF Q2 Profit Declines Amid Rising Raw Material Costs; Mixed Analyst Outlook

Analysed 11 Nov 2026·16 sources analysed·Tyre, Lebanon, Lebanon·Business
MRF Q2 Profit Declines Amid Rising Raw Material Costs; Mixed Analyst OutlookPreviousNext

Tyre maker MRF Ltd reported a 23-28% decline in Q2 net profit due to a sharp 43-44% rise in raw material costs, despite revenue growth of around 17-18% to approximately Rs 8,600 crore. Total expenses increased over 21%, pressuring margins. The company declared an interim dividend of Rs 3 per share. Analysts showed mixed views: Motilal Oswal rated 'Sell' citing margin pressures, while Centrum and Citi remained bullish, expecting margin recovery and profitability improvement from FY28 as commodity prices moderate.

Sentiment
51%
TBN's observations

First-hand measurement across 12 sources

We measured how 12 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (51/100). Lens Score 41/100.

Outlets measured: timesnow, thehindu, economictimes, economictimes, indiatvnews, freepressjournal, news18, mint, and 4 more. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 12 sources · Published under editorial oversight by The Balanced News
Analysed 11 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (51/100)

Sentiment was consistent across outlets (45–52/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

businessstandard broke this story on 10 Nov, 07:49 am. Other outlets followed.

10 Nov, 07:49 am12 sources · 6 h10 Nov, 01:32 pm
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  1. 1
    businessstandard10 Nov, 07:49 am
    MRF Q2 result: Profit falls 28 to 369 crore as raw material costs rise
  2. 2
    thefinancialexpress10 Nov, 07:57 am
    Dividend Alert: MRF announces Rs 3 interim dividend and Q2 results; Check record date
  3. 3
    moneycontrol10 Nov, 08:14 am
    MRF Q2 net profit falls 28 to Rs 369 crore on higher raw material costs; revenue rises 18 - Moneycontrol.com
  4. 4
    economictimes10 Nov, 08:28 am
    MRF Q2 Results: Net profit falls 13 YoY to Rs 417 crore, revenue rises 17 ; board declares interim dividend
  5. 5
    mint10 Nov, 09:29 am
    MRF dividend 2026: India's most expensive 1.25 lakh stock but 3 in Q2; down 21 in 1 year - Record, payment date
  6. 6
    news1810 Nov, 09:32 am
    MRF Q2 profit falls 23 pc to Rs 417 cr
  7. 7
    freepressjournal10 Nov, 09:48 am
    MRF Q2 Profit Falls 23 To 417 Crore, Rising Raw Material Costs Overshadow Strong Revenue Growth
  8. 8
    indiatvnews10 Nov, 10:18 am
    MRF announces 30 interim dividend, profit falls 23 to Rs 417 crore in July-September quarter: Check details
  9. 9
    economictimes10 Nov, 10:25 am
    Dividendalert! MRFannouncesRs3 shareinterimdividend. Checkrecorddate
  10. 10
    economictimes10 Nov, 10:47 am
    MRF Q2 Results: Net profit falls 13 YoY to Rs 417 crore, revenue rises 17 ; board declares interim dividend
  11. 11
    thehindu10 Nov, 11:52 am
    MRF's Q2 profit skids 27 as raw material costs squeeze margins
  12. 12
    timesnow10 Nov, 01:32 pm
    MRF's Net Profit Falls 28 On Higher Raw Material Costs; Declares Rs 3 Dividend

Who's involved

Institutions and figures named across source coverage.

Corporate
JK Tyre LimitedJK Tyre & Industries LimitedBlueStoneDivi's Laboratories LimitedKirloskar Industries LimitedMadras Rubber FactoryCEAT LimitedTata Steel LimitedMRF LimitedKwality Wall's

Story context

Category
Business
Location
Tyre, Lebanon, Lebanon
Sources analysed
16
Last analysed
11 Nov 2026
Key entities
Indian rupeeRaw materialMRF (company)Net incomeCroreDividendBrokerMiddle EastRevenueShareholderCommodity marketLogistics