Apollo Tyres announced its Q2 FY26 results, reporting a 6% Y-o-Y increase in consolidated top-line growth and an EBITDA margin of 14.9%. The company achieved its highest revenue growth in the last 10 quarters. Apollo Tyres also became the lead title and jersey sponsor of the Indian Cricket team. The company enhanced its S&P Global ESG rating score to 58 in 2025, up from 53 in 2024.
Financial Performance
Apollo Tyres reported consolidated revenue for Q2 FY26 of INR 68.3 billion, a 6% increase over the same quarter last year. Consolidated EBITDA stood at INR 10.2 billion with a margin of 14.9%, compared to 13.2% in the previous quarter and 13.6% in the same quarter of the previous year. The company’s net debt stood at INR 26 billion as of September 25, 2025, with a net debt to EBITDA ratio of 0.8x.
India Operations
Revenue for the quarter in India was INR 47.1 billion, a 6% increase year-over-year. EBITDA was INR 7.2 billion, with a margin of 15.3%. Volume growth was in the mid-single digits, driven by both replacement and OEM volumes and a recovery in exports. Vredestein achieved its highest ever volumes in Q2 FY26.
European Operations
Revenue for the quarter was EUR 177 million, a 4% increase year-over-year and 21% increase over the previous quarter. EBITDA was EUR 22 million with a margin of 12.7%. The UHP mix increased to 49%, compared to 46% in the same quarter last year. The company reached a settlement with the Works Council in the Netherlands regarding the closure of the Enschede plant; the estimated cost of restructuring is EUR 17 million.
Strategic Initiatives
Apollo Tyres became the lead title and jersey sponsor of the Indian cricket team. The company’s S&P Global ESG rating improved to 58, up from 53 the prior year. A digital healthcare application was launched for truck drivers.
Looking Ahead
The company expects to maintain and accelerate top-line growth momentum in India and Europe. Focus remains on profitability, free cash flows, and return ratios.
Source: BSE
