Tyres · APTY
Tyres & Tubes
from 445 today
Apollo Tyres managed its profitability well despite an elevated inflationary environment, and restructuring of EU operations could structurally improve profitability ahead. We maintain our BUY rating with an unchanged target price of INR 530.
Apollo Tyres reported a decent 1QFY27 performance ahead of estimates, driven by higher other income despite input cost headwinds. We reiterate our BUY rating with a target price of INR528, supported by steady revenue growth and anticipated margin recovery from FY28 onwards.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
