Neeraj Kanwar says the ₹579-crore India team sponsorship is a long-term brand bet aimed at deeper rural reach, stronger dealer interest and double-digit growth
In Q2, Apollo Tyres consolidated net profit fell 13 per cent at ₹258.04 crore, as compared to ₹297.4 crore a year ago
Q2FY26 company results: Firms including Eicher Motors, Muthoot Finance, Esaar India, and Samvardhana Motherson International are also to release their July-September earnings reports today
Additional spending on brand promotion after becoming the lead sponsor for the Indian cricket team could weigh on margins and profits in short run
Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of Syrma SGS Technology, Deepak Fertilisers, and Apollo Tyres today
Apollo Tyres stock is likely to trade with a favourable bias as long as it holds above ₹460 levels. On the upside, the stock can potentially rally up to 14%, suggests the technical chart.
At 9:25 AM, Apollo Tyres share price was trading 0.85 per cent higher at ₹490.95 per share. In comparison, BSE Sensex was trading 0.29 per cent higher at 82,623.34 levels.
Apollo Tyres becomes Team India's lead sponsor until March 2028 in a Rs 579 crore deal, marking its first major cricket sponsorship and replacing Dream11
Markets edged higher and gained over half a percent, supported by optimism surrounding the GST Council meeting.
Apollo Tyres has given a breakout from its Inverse Head and Shoulders pattern. The stock closed with a positive bias on higher volumes, indicating strong buying interest.
Apollo, Ceat and JK Tyre expect demand to pick up in H2 FY26 on festive buying, rural recovery and steady replacement demand, though uneven rainfall weighs on tractor sales
Apollo Tyres share price slip 3 per cent logging an intraday low at ₹457.5 per share on its ex-dividend date
In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.
The tyre manufacturer also reported total income of ₹6,451.12 crore in the fourth quarter of financial year 2024-25, up 1.8% year on year (YoY)
Apollo Tyres Ltd on Wednesday announced the appointment of Rajeev Kumar Sinha as its Chief Manufacturing Officer. Sinha will lead the global manufacturing team, driving the global manufacturing agenda, including strategy and planning, performance optimisation, plant management, integrated manufacturing services, corporate industrial engineering and deployment of advanced manufacturing systems, including AI/ML solutions, Apollo Tyres said in a statement. He joins Apollo Tyres from Cipla where he was the Global Chief Manufacturing Officer and was also a member of its Management Council and Non-Executive Director in select group companies, it added. "Rajeev is a global manufacturing leader who comes with over 35 years of rich experience in the operations and supply chain domain across diverse industries such as chemical, FMCG, foods & beverages and pharmaceuticals. "He will play a critical role not only in our growth journey but also in maintaining our competitive advantage. He joins
JK Tyre share price: According to analysts, there are risks to the tyre companies' profitability estimates, at least over the next one year
Apollo Tyres Ltd on Thursday reported a 32 per cent decline in consolidated net profit to Rs 337 crore in the December quarter with high raw material cost impacting margins. The company had posted a consolidated net profit of Rs 497 crore in the same period of the last fiscal year, Apollo Tyres said in a regulatory filing. Consolidated revenue from operations in the third quarter stood at Rs 6,927.95 crore as against Rs 6,595.37 crore in the year-ago period. Total expenses in the quarter were higher at Rs 6,467.4 crore as compared to Rs 5,877.93 crore in the year-ago period. Cost of materials consumed was at Rs 3,222.77 crore as against Rs 2,884.63 crore, the company said. Commenting on the performance, Apollo Tyres Chairman Onkar Kanwar said, "Under tough market conditions we have been able to perform well in the key passenger vehicle and commercial vehicle replacement segments in India. This performance was somewhat negated by the sluggish OE segment." Europe, too, has performed
On the weekly chart, Wipro stock has been in a steady uptrend since April 2023, reflecting a sustained bullish trajectory.
The company is collaborating with research institutions to develop innovative, bio-based materials for tyre production
Apollo Tyres on Wednesday said its consolidated profit after tax declined 37 per cent to Rs 297 crore in the September 2024 quarter, hit by tepid demand in the domestic market and an increase in raw material prices. The tyre maker posted a Profit After Tax (PAT) of Rs 474 crore in the July-September quarter of last fiscal. Revenue from operations stood at Rs 6,437 crore in the second quarter against Rs 6,280 crore in the year-ago period, Apollo Tyres said in a statement. "We witnessed a weak demand scenario in the OEM (Original Equipment Manufacturer) segment in our largest market -- India, which negated the strong growth in the replacement segment," Apollo Tyres Chairman Onkar Kanwar stated. In Europe, the company saw positive revenue growth in the passenger vehicle segment, which is the largest segment for Apollo in that geography, he added. "Unprecedented increases in raw material prices have impacted our profitability," Kanwar noted. The company said its board approved the ra