Key Points of the call:

• The firm's net profit for the full fiscal 2013-14 grew by 29% to Rs 263.02 crore from Rs 203.3 crore in the same period a year ago on a consolidated basis. The net sales jumped to Rs 7,599 crore from Rs 6,948.85 crore during the same period, up by 9.3%.

• The company has reported consolidated net profit of Rs 45 crore in Q4 Fy 14 vis a vis Rs 70.35 crore in the January-March quarter of 2012-13, drop of 36%. The company's total sales however, grew to Rs 1,895.62 crore in the fourth quarter ended March 31, 2014 from Rs 1,704.87 crore in the year ago period, up by 11.2%.

• Total exports at Rs 1605 crore were up by 20% on a consolidated basis.

• In 4Q Fy 14, volume increase was totally responsible for the 9.3% increase in sales. There was higher production at Chennai plant. There was no effect of change in price realization.

• There was no price increase for tyres during the full year 13-14.

• The company gained market share in each category it operates.

• The replacement demand for the company has been ok.

• Other than rubber, how cost has gone up, management specified that though natural rubber and carbon black prices decreased, there was increase in fabric prices

• Commercial vehicle production declined and even Passenger Cars recorded a negative growth, first time ever in the decade. This led to subdued demand for tyres.

• To combat the sluggish market conditions, JK Tyre undertook several strategic actions by renewing its thrust in the replacement market as also adding new OEMs.

• The Company widened its network of customer touch points which enabled it to deliver better service to its customers.

• At the TBR part of Chennai plant, the company's utilization rate is more than 100%. TBR capacity is 400,000 tyres per annum at Chennai plant..

• The total capacity for the company is14.65 lakh tpa and the company is increasing it to 22.65 lakh tpa.

• The company has undertaken a major expansion at an outlay of Rs 1,430 crore, to add capacities at Chennai plant. This is slated for completion in phases by late 2016.

• As raw material prices are stable, so tyre prices are also stable at current quarter.

• In radial tyres, the company enjoys market share of 34%. This segment is growing but the bias segment is not growing.

• Margins are always lower for bias tyres compared to radial tyres.

• Total debt on SA basis is close to Rs 2000 crore. On consolidated basis, it is close to Rs 2400 crore.