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M&M Q2 Profit Tops Estimates, Margin Contracts Amid Higher Commodity Costs

NDTV - Trending·5 Nov 2026
M&M Q2 Profit Tops Estimates, Margin Contracts Amid Higher Commodity Costs

M&M's automotive business drove revenue growth with a 36% increase, while farm equipment revenue rose just 1%. Higher commodity costs dragged Ebitda margin down 280 basis points to 11.6%.

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