The consolidated results for the quarter were largely in-line with street estimates. Revenue for the quarter came close to the estimated figure of Rs. 30,960 crores. Also, net profit for the quarter came in slightly higher than the estimated figure of Rs. 6,460 crores.

With this uptrend in retail inflation, we believe that RBI would tighten the monetary policy and there would not be any further rate cuts.

According to Onkar Kanwar, Chairman of Apollo Tyres, company has taken into consideration next five years demand, while planning for capacity expansion.

The steel manufacturing companies are also witnessing uptrend in other costs of raw materials, such as coal, refractory and electrodes.

Going forward production of Robusta in India is expected to come down by ~20 per cent compared to 13.96 per cent (30,300 MT) as per the estimation of the Coffee Board.