Tolins Tyres Targets 17–20% EBITDA Margins, Diversifies into New Tyre Segments

Tolins Tyres has outlined an ambitious growth strategy, aiming for EBITDA margins of 17–20% and PAT margins of 10–11.5% over the next 2–3 years. The company’s shares rose 2.28% to ₹192.50, reflecting investor confidence. It plans to achieve a 50-55% revenue split between retreading and new tyres, reducing reliance on its traditional business. To support this, Tolins has expanded its portfolio beyond two-wheelers into three-wheelers, SUVs, and agricultural tyres, targeting 70% capacity utilization. The company welcomed the GST cut on tyres from 28% to 18% and is advocating for a reduction in retreading GST—from 18% to 5%—to boost affordability and adoption. With a projected 20–25% revenue CAGR, Tolins is positioning itself as a more diversified and profitable player in India’s competitive tyre industry.