scorecardresearchSteep fall in raw material cost to drive a margin recovery of tyre companies, says Motilal Oswal

Steep fall in raw material cost to drive a margin recovery of tyre companies, says Motilal Oswal

Updated: 14 Sep 2022, 10:39 AM IST
TL;DR.
  • Key input prices saw an increase (over 50%) since H1FY21, with the average RM basket costing nearly 180/kg, resulting in an over 10pp fall in gross margin, Motilal Oswal highlighted.
Apollo Tyres offers the best blend of earnings growth and cheap valuations versus its peers, Motilal Oswal said.

Apollo Tyres offers the best blend of earnings growth and cheap valuations versus its peers, Motilal Oswal said.