ICICI Securities Ltd | Retail Equity Research Apollo Tyres' (ATL) Q2FY19 consolidated revenues were at | 4,257 crore (up 22.5% YoY) vs. our estimate of | 4,083 crore. In terms of regions, gross revenues from Asia Pacific Middle East & Africa grew 25.1% YoY to ~| 3,151 crore (supported by volume driven growth of ~25% YoY in Indian operations) while revenue from Europe grew 17.4% YoY to ~| 1,181 crore, led by strong volume & better mix EBITDA margins came in at 11% (up 49 bps YoY; down 134 bps...