- The Company registers a strong growth of 20 % in sales volume to 3,63,994 MTPA
- APL Apollo signs Mr. Amitabh Bachchan as brand Ambassador
New Delhi, October 04, 2019: APL Apollo Tubes Limited (APL Apollo), India’s leading branded building material steel products company, today announced its sales volume performance for the quarter and half year ending September 30, 2019. The Company registered a strong sales volume of 3,63,994 MTPA in Q2 FY20, higher by 20% Y-o-Y from 3,04,058 MTPA in Q2 FY19. The growth was led by strong demand in following product categories: Apollo Structural and Apollo Z. Q2 FY20 was Apollo Tricoat’s first quarter of full operations. The volumes from Apollo Tricoat stood strong at 27,529 MTPA, which further assisted overall volume growth during the quarter.
On a H1 FY20 basis, sales volumes stood at 7,52,505 MTPA, higher by 24% from 6,06,112 MTPA in H1 FY19.
The sales summary is as below:
|
Product Category* |
Product & uses |
Sample |
Q2 FY20 |
Q2 FY19 |
Y-o-Y
growth (%) |
|
Apollo Structural |
Structural steel construction material – Residential, Commercial, Infrastructure |
2,07,526 |
1,77,229 |
17% |
|
Apollo Z |
Galvanized structural steel construction material -Residential, Commercial, Infrastructure |
63,034 |
62,497 |
1% |
|
|
Apollo Build |
Galvanized products for industrial and agricultural uses |
17,716 |
19,996 |
-11% |
|
|
Apollo Tricoat |
Home Improvement applications |
27,529 |
– |
||
|
Apollo Standard |
Construction material, Industrial, Agriculture |
48,189 |
44,336 |
9% |
* Apollo Structural – Hollow Section, Apollo Z – Pre Galvanized (GP), Apollo Build – Galvanized (GI), Apollo Standard – Black Pipes.
In a key development, APL Apollo, recently, signed the prolific and unanimous mega-star of Bollywood, Mr. Amitabh Bachchan as the brand ambassador for ‘APL Apollo’. Mr. Bachchan will be featured as the face of the brand in print, outdoor, digital and in communication campaigns. With his rising and massive fan-following and recognition in the domestic and international markets, the Company hopes to further widen APL Apollo’s brand appeal and strengthen its brand recognition and reach in India and export markets.
Corporate Comm India (CCI Newswire)
