india
The revenue grew by 49% YoY to ₹3,630 crore in Q4 FY21. The growth was on account of positive
demand momentum across key segments and channels, driven by preference for personal mobility,
government spend on infrastructure, import restrictions and recovery in sectors like mining.
• It had an EBITDA margin of 17.3% in FY21 and a growth of 45% YoY.
• Aided by strong performance in Q4, it had a volume growth of ~5% for FY21. All its plants were
operating at full capacity.
• It increased prices in replacement segment by ~4.5% in H2 FY21.
• In the first eleven months of FY21, it had a market share of ~21% in agriculture and passenger vehicle
and ~30% in truck & bus (radial) segment, i.e., an expansion of ~350 bps and ~150 bps, respectively.
• It had a sustained recovery in the OEM (original equipment manufacturer) segment.
It expanded its distribution footprint with over 550 dealers in FY21. Touch points in rural India
increased by more than 4 times.
EUROPE
• The revenue grew by 8% YoY to €135 million in Q4 FY21. Despite adverse market conditions, it
expanded its customer base and added over 300 customers during the year.
• It had a market share gain of 17 bps in UHP (ultra-high performance) segment and 41 bps gain in TBR
(truck bus radial) segment.
• The improvement in sales mix of UHP/UUHP (ultra ultra-high performance) segment accounted for
~36% of PCLT (passenger car and light truck) sales in volume terms.
• It successfully completed Dutch plant specialisation which led to significant improvement in cost
competitiveness and a strong operating performance during the quarter.
The revenue grew by 49% YoY to ₹3,630 crore in Q4 FY21. The growth was on account of positive
demand momentum across key segments and channels, driven by preference for personal mobility,
government spend on infrastructure, import restrictions and recovery in sectors like mining.
• It had an EBITDA margin of 17.3% in FY21 and a growth of 45% YoY.
• Aided by strong performance in Q4, it had a volume growth of ~5% for FY21. All its plants were
operating at full capacity.
• It increased prices in replacement segment by ~4.5% in H2 FY21.
• In the first eleven months of FY21, it had a market share of ~21% in agriculture and passenger vehicle
and ~30% in truck & bus (radial) segment, i.e., an expansion of ~350 bps and ~150 bps, respectively.
• It had a sustained recovery in the OEM (original equipment manufacturer) segment.
It expanded its distribution footprint with over 550 dealers in FY21. Touch points in rural India
increased by more than 4 times.
EUROPE
• The revenue grew by 8% YoY to €135 million in Q4 FY21. Despite adverse market conditions, it
expanded its customer base and added over 300 customers during the year.
• It had a market share gain of 17 bps in UHP (ultra-high performance) segment and 41 bps gain in TBR
(truck bus radial) segment.
• The improvement in sales mix of UHP/UUHP (ultra ultra-high performance) segment accounted for
~36% of PCLT (passenger car and light truck) sales in volume terms.
• It successfully completed Dutch plant specialisation which led to significant improvement in cost
competitiveness and a strong operating performance during the quarter.