Tyre firms to gain when replacement demand, lower input costs kick in
6 years, 1 month ago

Tyre firms to gain when replacement demand, lower input costs kick in

Live Mint  

The road ahead appears to promise a smoother ride for tyre companies, after having steered through rough terrain for some time. Note that rubber and crude oil prices, which comprise nearly three-fourths of the cost of making a tyre, have retraced by 13% and 36%, respectively, over the last 45-60 days. Since FY16, tyre stocks have lost ground despite growth in revenue as soaring rubber prices affected the operating performance and margins of the companies. “We see this turning now, as margins expand from current lows helped by lower RM prices, improved mix and scale benefits as volumes & revenue ramp up amid robust replacement demand,” it adds. Apollo Tyres says, “Due to increase in crude prices, overall raw material cost went up by 5% in the September quarter when compared to June.

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History of this topic

Apollo Tyres has to cover a lot of ground to reverse under-performance
1 month, 3 weeks ago

Apollo Tyres has to cover a lot of ground to reverse under-performance

Live Mint  

Apollo Tyres Ltd.'s ride in CY24 so far has been tough. The management said raw material basket cost increased by 8% sequentially in Q2FY25 and is expected to rise by another 1% in Q3FY25. To mitigate cost pressures, Apollo Tyres took a 2%/3% price increase in the truck and bus radial/passenger car radial segment during Q2FY25. For the ninth consecutive …

JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore
5 months, 1 week ago

JK Tyre Q1 Results: Net Profit Rises 37% to Rs 211 Crore, Total Income Falls to Rs 3,655 Crore

News 18  

JK Tyre & Industries on Saturday reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024. The tyre maker had reported a net profit of Rs 154 crore for the April-June quarter of last fiscal. Total income declined to Rs 3,655 crore for the period under review …

Tyre stock investors edgy on price cut, expensive valuations
9 months, 4 weeks ago

Tyre stock investors edgy on price cut, expensive valuations

Live Mint  

Tyre stocks are under pressure as manufacturers take another round of price cuts in the crucial truck, bus and radial segment. Considering an average selling price of ₹40,000 per pair, a price reduction of around 1.5-2% has been taken by companies like Apollo Tyres and JK Tyres, showed a recent dealers’ channel check by Nomura Financial Advisory and Securities. Investors …

Apollo Tyres stock gains 7% amid block deal, hits new all-time high
1 year ago

Apollo Tyres stock gains 7% amid block deal, hits new all-time high

Live Mint  

Shares of Apollo Tyres rallied 7% in early trade on Tuesday to hit a new all-time high of ₹485 apiece. This uptick in shares came after 2.61 crore shares of the company changed hands in a block deal window on Tuesday. Earlier, it was reported that foreign portfolio investor Warburg Pincus would sell a 3% stake in the tyre manufacturer …

Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?
1 year, 7 months ago

Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?

Live Mint  

Falling raw material costs and improved demand have led major tyre companies to deliver solid numbers for the March quarter. Lower RM costs boost operating profits CEAT reported a drop in raw material costs in Q4FY23 to Rs 1,721.9 crore from Rs 1,785.2 crore in Q3FY22. The company's operating profit in Q4 has grown by Rs 92.4% YoY to Rs …

Apollo Introduces XT-100HD Cross-Ply Lug Tyres for Commercial Vehicles
4 years, 1 month ago

Apollo Introduces XT-100HD Cross-Ply Lug Tyres for Commercial Vehicles

News 18  

Apollo Tyres has introduced the XT-100HD, the most advanced cross-ply lug tyre. This product has been introduced for the Indian market on popular demand from the customers and business partners, who were already using/ selling the company’s tyres and the ones with the highest load-carrying capacity in the cross-ply segment. The replacement market in India is still going strong on …

Investors ignore Apollo Tyres’ strong operating performance on bleak global auto sector outlook
4 years, 7 months ago

Investors ignore Apollo Tyres’ strong operating performance on bleak global auto sector outlook

Live Mint  

Apollo Tyres Ltd staged a decent operating performance for the March quarter in spite of covid-19 led challenges across its Indian and European operations. The stock trended lower as the management forecast a bleak near-term outlook across regions, in its analysts’ call. Although cost benefits were visible in both Indian and European operations, sales drop due to the impact of …

Tyre stocks rally up to 7% during intraday trade on likely tax cut by GST Council in 22 Dec meet
6 years ago

Tyre stocks rally up to 7% during intraday trade on likely tax cut by GST Council in 22 Dec meet

Firstpost  

On the BSE, JK Tyres gained the most as it was trading 7.52 percent higher at Rs 110.70, while Apollo Tyres gained 2.25 percent to Rs 244.90. New Delhi: Shares of tyre companies on Thursday surged up to 7 percent in intraday trade amid reports that the Goods and Services Tax Council is likely to slash tax rates on automobile …

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