scorecardresearchApollo Tyres best play on OEM volume recovery amid margin tailwinds, says Nirmal Bang

Apollo Tyres best play on OEM volume recovery amid margin tailwinds, says Nirmal Bang

Updated: 19 Sep 2022, 10:18 AM IST
TL;DR.
Apollo Tyres: The brokerage firm has raised its margin estimates by nearly 90bps for FY24/FY25 each while it has upped volume estimates by 3% each for FY24/FY25.
Nirmal Bang sees Apollo Tyres outpacing industry volume growth on the volume front, led by the higher share of T&B (65%) and PCR tyres (21%) in the overall product mix.

Nirmal Bang sees Apollo Tyres outpacing industry volume growth on the volume front, led by the higher share of T&B (65%) and PCR tyres (21%) in the overall product mix.