Apollo tyre(APTY) reported strong all-round performance in Q2FY21 driven by 1) strong revenue traction in replacement market (+18% YoY for TBR and 11% YoY for PCR) benefited from supply issues faced by its competitors and ban on import of Chinese tyres; 2) enhanced product mix (replacement share 74% vs 67%) and 3) RM tailwinds. Company has gained significant market share across segments (500bps for PCR and 350bps for T&B;) and regions. EBITDA grew 61% YoY to Rs 6.95bn with expanded margin at 16.2%...