Apollo Tyres Limited — PPTs, 07-02-2025: Investor Presentation

**Financial Highlights:** Apollo Tyres reported consolidated revenues of ₹69,280 Mn for Q3 FY25, reflecting a year-on-year growth of 5%. However, EBITDA dropped significantly to ₹9,470 Mn, down 21.6%, resulting in an EBITDA margin of 13.7%, a decline of 465 basis points. Year-to-date, revenues reached ₹196,998 Mn, up 3%, but EBITDA fell 20% to ₹27,342 Mn, with margins at 13.9%.

**Strategic Initiatives and Growth Drivers:** The company saw positive performance in its replacement tire segment, particularly in the TBR and PCR categories, and recorded a substantial 45% growth in Vredestein volumes. Despite raw material cost pressures, focus remains on maintaining business fundamentals and improving cash flow.

**Business Developments:** Volume growth in the PCR segment lagged behind overall industry growth; however, Apollo maintained its premiumization strategy, enhancing market fitments with leading German automobile brands.

**Market Position and Competitive Advantage:** Apollo has gained market share in critical segments, particularly in winter and ultra-high-performance tires, capitalizing on its capabilities while facing challenges in the OEM sector due to declining vehicle production.

**Investor Implications:** Despite EBITDA margin pressures and raw material inflation, Apollo's strong replacement segment positions it well for potential growth. Investors should monitor ongoing initiatives and market dynamics closely for future performance indicators.