Apollo Tyres Limited CC-Jun24.pdf · 2024-08-08
Yeah. Hi. So, if I look at the margin performance of ours versus peers, this quarter particularly is a bit stark. The competition that we have seen on the gross margin is higher than peers. And despite the fact that probably we were ahead in terms of taking price increases versus peers. So, any reason that we can highlight behind that, is it like we are carrying low inventory of RM than peers? If you have some idea on that front or any reason like that, because gross margin competition is much more for us than peers.
Okay. And in the Europe Operations, like obviously this quarter was 1% growth, but are we seeing a revival of growth over there, like can growth pick up from next quarter or we expect it to be low single digit growth only going ahead?