Dolat Capital: Apollo Tyres Well Poised To Ride Commercial, Passenger Vehicles Recovery  
The tread of a newly manufactured tyre is visible at an auto show. (Photographer: Gianluca Colla/Bloomberg)

Dolat Capital: Apollo Tyres Well Poised To Ride Commercial, Passenger Vehicles Recovery  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Apollo Tyres Ltd. reported strong all-round performance in Q2 FY21 driven by:

  1. strong revenue traction in replacement market (up18% YoY for truck-bus radial and 11% YoY for passenger car radial) benefited from supply issues faced by its competitors and ban on import of Chinese tyres;
  2. enhanced product mix (replacement share 74% versus 67%) and
  3. raw material tailwinds.

Company has gained significant market share across segments (500 basis points for passenger car radial and 350 basis points for truck and bus) and regions.

Click on the attachment to read the full report:

Dolat Capital Apollo Tyres Q2FY21 Result Update.pdf

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