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Dolat Capital Report
Apollo Tyres Ltd. reported strong all-round performance in Q2 FY21 driven by:
- 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;
- enhanced product mix (replacement share 74% versus 67%) and
- 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.
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