Apollo Tyres · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
12
Answered directly
67%
Numeric claims
5
Consistency
contradicted
Question ledger
Raghunandan · Research desk
directthe RM went up by about 8% sequentially. Our expectation going forward is just about a 1%+ increase for Q3. As per current expectations, the RM should start coming down.
Raghunandan · Research desk
directwe have taken price increase ranging from 2-odd percent in the truck segment to a larger quantum in the PCR segment. The under-recovery from last year is about 6-odd percent.
Raghunandan · Research desk
directthe volume for Q2 Y on Y, Raghu, was flattish. Within that, the replacement was mid-single-digit growth. Exports was a double-digit growth, and OEM was a double-digit negative.
Raghunandan · Research desk
directboth for TBR and PCR, full year, the replacement should be around a double-digit growth. Right now, in near term, the signs of recovery from OE are not there.
Raghunandan · Research desk
directthe EU market... has shown a growth of about 3% on the passenger car segment... We've also grown in line with that slightly ahead. The reason on the margin performance is that a large part of the raw material cost push was driven by natural rubber, which is a much smaller proportion for the European operations...
Siddharth Bera · Research desk
partialour market shares in OE would be around similar levels. We've started regaining some of the market share on the replacement side. ... on the truck side, our aspirations ... would be to get back into the 30s in terms of market share ... in passenger car ... somewhere in the 20s to early 20s.
Siddharth Bera · Research desk
partialThe increase in the other cost is on account of freight costs... secondly, on account of the EPR... thirdly, on account of advertising. The freight rate is very much dependent on how the overall macro environment is. Difficult to predict...
Siddharth Bera · Research desk
evasiveThe CAPEX levels would remain. Difficult to give you an estimate on where it would be at the end of the year because that depends on profitability. But it is well under control. Inventories is a temporary phenomenon. That should get corrected.
Amar · Research desk
directTwo things that have gone negative for us is, one, OEs have been... down and out... Also, export markets... are weak... But if you see replacement in India... we've had a double-digit growth... we are only looking at premiumization of our PCR tires and not going down on pricing.
Amar · Research desk
evasiveI think that is a focus area for us also... we do see that the gap has narrowed. We are doing more analysis to see what has gone wrong... I can only tell you, going forward, you will see margin improvement over time...
Amar · Research desk
evasivethe advertising part continues at a certain level... as the volume growth and some of the normal market growth keeps coming in, the other expenses will not increase in those proportions.
Joseph George · Research desk
directOn the truck side, we've taken about half of the price increase of the 2% in the current quarter, which will flow through. On the passenger car side, a larger chunk, about 3%, has been taken in the current quarter, which would only have reflected partially.
