Apollo Tyres Limited

3%

st inflation during this quarter and report a sequential improvement in the margins. We've taken a 3% to 4% price increase across categories in the replacement segment in India in Q4, and are taking f

4%

lation during this quarter and report a sequential improvement in the margins. We've taken a 3% to 4% price increase across categories in the replacement segment in India in Q4, and are taking further

15%

ost, higher energy and freight costs, the European Operations reported EBITDA margins of more than 15%, in line with our broad guidance. In terms of Outlook, while we expect the demand momentum to rem

INR 55.8 billion

n ratio targets. Moving onto financial results. The consolidated revenue for the quarter stood at INR 55.8 billion, a growth of 11% over the same quarter last year. Revenue for the full year was just short of INR

11%

financial results. The consolidated revenue for the quarter stood at INR 55.8 billion, a growth of 11% over the same quarter last year. Revenue for the full year was just short of INR 210 billion, a gr

INR 210 billion

lion, a growth of 11% over the same quarter last year. Revenue for the full year was just short of INR 210 billion, a growth of 20% over the same period last year. The consolidated EBITDA for the quarter stood at

20%

e same quarter last year. Revenue for the full year was just short of INR 210 billion, a growth of 20% over the same period last year. The consolidated EBITDA for the quarter stood at INR 6.3 billion,

INR 6.3 billion

, a growth of 20% over the same period last year. The consolidated EBITDA for the quarter stood at INR 6.3 billion, a margin of 11.2% though lower by 5 percentage points, which was 16% plus in the same period last

11.2%

me period last year. The consolidated EBITDA for the quarter stood at INR 6.3 billion, a margin of 11.2% though lower by 5 percentage points, which was 16% plus in the same period last year. For the full

16%

quarter stood at INR 6.3 billion, a margin of 11.2% though lower by 5 percentage points, which was 16% plus in the same period last year. For the full year, the EBITDA margin was at 12.3%, again lower

12.3%

ints, which was 16% plus in the same period last year. For the full year, the EBITDA margin was at 12.3%, again lower than the 16% of last year, primarily on account of the steep increase in raw material

INR 40 billion

operations was at 1.8 times. For India Operations. The revenue for the quarter was just short of INR 40 billion, a growth of 10% over the same period last year, and 5% on a sequential basis. For the full year t

“So, in that case, going into next year, our leverage level should start coming down?”

“Gaurav Kumar: Chief Financial Officer With the fairly conservative level of CapEx, we expect the leverage to start coming down.”

Arvind

5

Mukesh

5

Arvind

Investor Call Transcript Yes. Hi, good evening, sir. Thanks for taking my question. The first question would be going back to the pricing part, if you could share what was the total price hike in FY22? And on a more strategic basis, when do you think it starts impacting demand? I think Mr Kanwar, alluded to some impact on demand. But what are the assets do you see, given the current demand condition, that was the first question. Gaurav Kumar: Chief Financial Officer So, roughly the total price increases taken for the full year, it would be different for different categories, but roughly about 12% to 14%, in the replacement market, across different product categories. We haven't seen it impacting the demand to that extent, would the demand have been more if these kinds of price increases were not taken, difficult to say.

Arvind

Sure. Thanks for this. And more on number question. Is it possible to share the blended volume growth in FY22? Purely in tonnage basis, I know it's different for different categories. But is it possible to share that blended tonnage volume growth for FY22 and fourth quarter, if possible? Gaurav Kumar: Chief Financial Officer For the full year, the tonnage growth was 15%. And fourth quarter there was no volume growth on a tonnage basis.

Arvind

Thank you. And just I don't know if it's been discussed earlier, could you share the European manufacturing revenue and EBITDA for the quarter, in Euro terms? Gaurav Kumar: Chief Financial Officer So, the European revenues for the full year were EUR 589 million, with an EBITDA of EUR 103 million.

Arvind

And for the quarter? Gaurav Kumar: Chief Financial Officer For the quarter was EUR 169 million. And with an EBITDA of EUR 26 million.

Arvind

Thank you. That's it from my side. Thank you so much. Gaurav Kumar: Chief Financial Officer Investor Call Transcript Thank you, Arvind. Pramod Kumar: UBS Securities Thanks, Arvind. We have Nishit next. Nishit, please go ahead. Nishit Jalan: Axis Capital Yes, hi. Gaurav, can you share the gross and net debt number for the consol business? And the numbers that you share for India business does not include lease liability, is that correct? Gaurav Kumar: Chief Financial Officer Yes. So, the gross debt for the consol operations is Nishit, about INR 6100 crore and the net debt is about INR 4600 crore. Nishit Jalan: Axis Capital Okay, thank you. Gaurav Kumar: Chief Financial Officer Thank you. Pramod Kumar: UBS Securities Thanks, Nishit. We have the next question from Mukesh. [Operator Instructions] Mukesh, over to you?

Mukesh

Yes, thank you. My first question is on the domestic PCR business. Could you give some sense on the mix of premium tyres there or probably say 16 inch you know mix of those and probably how that was say two years back? I mean just trying to figure out how that product enrichment is working so far or you know, what the targets that can be? Gaurav Kumar: Chief Financial Officer So, Mukesh we will not have that readily, we can come back and give you but the numbers in general compared to what we talked about, let's say a 43% of UHP plus which is 17 inch plus.