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Bloomberg Quint

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Image Credit: Bloomberg Quint

Apollo Tyres Q4 Review: Underperforms Peers, Corrective Measures In Place, Says Motilal Oswal— Maintains 'Buy'

  • Apollo Tyres' standalone revenue grew 4% YoY to Rs 45.8 billion, falling behind its peers' growth.
  • Motilal Oswal expects Apollo Tyres' margins to gradually recover post a weak FY25 performance, driven by lower costs and focus on premiumization.
  • Valuations at 15.6x FY27E are deemed attractive compared to peers, prompting Motilal Oswal to maintain a 'Buy' rating with a target price of Rs 554.

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