ICICI Securities Ltd | Retail Equity Research Apollo Tyres' (ATL) Q4FY17, consolidated revenues were at | 3,326 crore (up 10.3% YoY), below our estimate of | 3,418 crore. It is mainly volume driven - domestic (9% YoY) while Europe (20% YoY) Revenues from Asia Pacific Middle East & Africa (APMEA) increased 9.2% YoY to | 2,691 crore while revenue from Europe & America (EA) increased 15.8% YoY to | 991 crore Consolidated EBITDA margins came in at 11.1% (down 534 bps YoY...