Mumbai, June 16 -- India Ratings and Research stated that the affirmation reflects JKTIL's strong market position in the truck and bus tyres segment, both bias as well as radial, and an improving product mix with a higher proportion of margin-accretive products in the overall revenue contribution.

Furthermore, with an improved capacity utilisation across product categories and geographies, the company's revenue grew at CAGR of 11% over FY20-FY25.

During FY25, the company's revenue and EBITDA levels plummeted amid a demand slowdown in the commercial vehicle (CV) segment as well as in its overseas entity while its EBITDA margins moderated on account of a significant rise in the raw material prices during the year.

As a result, the compan...