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Net Sales are expected to increase by 13.3 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6318.8 crore, according to Nirmal Bang.
Net Sales are expected to increase by 13.3 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6,322.3 crore, according to Motilal Oswal.
As raw material prices soften and chip shortage eases, tyre companies are ready to roll, given the strong demand outlook
Net Sales are expected to increase by 17.6 percent Y-o-Y (down 3.4 percent Q-o-Q) to Rs. 5,390 crore, according to ICICI Direct.
Net Sales are expected to increase by 14.2 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 5,627 crore, according to ICICI Direct.
Net Sales are expected to increase by 9.7 percent Y-o-Y (up 9.8 percent Q-o-Q) to Rs. 5,574.8 crore, according to Motilal Oswal.
Net Sales are expected to increase by 13.8 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs 4,871.9 crore, according to Motilal Oswal.
Tyre makers CEAT, Apollo Tyres and MRF are riding on a sharp pick-up in demand from original equipment manufacturers (OEMs) and the replacement segment
Tyre manufacturers are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. The Q3 FY21 numbers corroborate the strong pick-up in the demand post unlocking
Net Sales are expected to increase by 14.2 percent Y-o-Y (up 17.3 percent Q-o-Q) to Rs. 5,024 crore, according to ICICI Direct.
Tyre companies -- CEAT, Apollo Tyres and MRF -- saw a significant recovery in the second quarter of FY21, driven by a sharp rise in replacement demand
Though sales of CEAT, Apollo Tyres and MRF got hit by the pandemic, the impact was less compared to other auto ancillary companies because of replacement demand
The Apollo Tyre’s stock is trading at a valuation discount compared with MRF and CEAT
Net Sales are expected to decrease by 1.3 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 4,201.6 crore, according to Reliance Securities.
Net Sales are expected to decrease by 1.5 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 4,194.5 crore, according to ICICI Direct.
Net Sales are expected to increase by 3.1 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 4,423.1 crore, according to Kotak.
The company reported a 19.18 per cent decline in net profit to Rs 198 crore in the third quarter ended December 2018, owing to a rise in commodity prices.
Amid market volatility, sluggish industry demand outlook and significant rise in raw material cost, stock prices of tyre companies have come down significantly from their 52-week highs
Brokerages expect profit to be around Rs 208-227 crore for the quarter under review.
Short term concerns such as change in axle norms and mandatory long term third party vehicle insurance could dampen demand from original equipment manufacturers
Net Sales are expected to increase by 19.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 3,921.7 crore, according to ICICI.
Net Sales are expected to increase by 21.5 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 3,988.9 crore, according to Kotak.