Apollo Tyres aiming for top-gear performance with rising demand, strengthening balance sheet

ET Intelligence group: Apollo Tyres may regain investors’ attention after a range-bound stock performance over the past three months as it focuses on accelerating the topline growth while strengthening the balance sheet. The company aims to double the revenue to $ 5 billion (RS 36,000 crore) by FY2026 which implies an annual growth of 15 per cent. Revenue had grown by 7 per cent annually between FY17 and FY21. The company expects to meet the