Apollo Tyres Q2 Profit Rises 13 Percent
Apollo Tyres reported a 13 percent rise in second quarter profit driven by strong demand across key regional markets and higher product prices. Consolidated revenue increased significantly, helping offset higher raw material expenses.
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Apollo Tyres posted a 13.3% increase in second-quarter profit on Wednesday, reaching 2.92 billion rupees ($30.83 million) on strong demand across key international regions. The India-based manufacturer benefited from higher pricing power and resilient automotive dispatches during the period. Investors are evaluating how sustained raw material pressures might impact upcoming margins.
