Backed by buoyant demand, JK Tyre hopes to improve margins in FY24, ET Auto

For FY23, JK Tyre's margins remained flat because in the first two quarters there were pressures on the raw material front. Moving ahead, the tyre maker expects the input cost to remain stable. "While we did not touch the pre-covid margin level this year, we are making efforts to reach our long term average of about 11-12%," Sanjeev Aggarwal, Chief Financial Officer, JK Tyre said.