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  • JK Tyre’s subsidiary Cavendish Industries Ltd records – 30% growth in Sales

    Published on January 14, 2021

    New Delhi: Cavendish Industries Ltd. (Cavendish), a subsidiary of  JK Tyre & Industries Ltd. has reported a record performance for Q3:

    1. Sales at Rs.788 crores up by 30%
    2. EBITDA at Rs.157 crores jumps by 128%

    Dr Raghupati Singhania, Chairman, stated “increased volumes in Truck tyres both Radial and Bias, LCV and Agricultural  tyres  have  contributed  to higher Sales.   Cavendish,  during  the Qtr, operated all its 3 plants at 95% capacity utilization, and also achieved best ever Operating efficiencies on several parameters”.

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    He further mentioned “the demand recovery in the market is quite robust across segments. Larger commercial tyres are also moving well with replacement demand clocking 30%  growth and OEMs  offtake  slowly coming back. Cavendish looks forward to sustained improvement in Sales and Profitability in the coming period”.