Apollo Tyres Ltd. announced its Q2 FY26 results, achieving its highest YoY growth in the last 10 quarters. Consolidated revenue reached INR 68,311 Mn, with an EBITDA of INR 10,207 Mn and an EBITDA margin of 14.9%. The company reported a significant improvement in EBITDA margins, driven by product premiumization and cost optimization, despite geopolitical uncertainty in Europe.
Financial Performance Overview
Apollo Tyres Ltd. reported a robust performance for Q2 FY26, marked by significant growth and improved profitability. Key highlights from the consolidated results include:
- Revenue: Increased to INR 68,311 Mn, a 6.1% YoY increase.
- EBITDA: Reached INR 10,207 Mn, reflecting a 16.3% YoY growth.
- EBITDA Margin: Improved to 14.9%, a +130 Bps increase.
YTD FY26 Performance
The company also showcased strong year-to-date (YTD) performance for FY26:
- Revenue: Stood at INR 133,918 Mn, a 4.9% YoY increase.
- EBITDA: Was INR 18,885 Mn, showing a 5.7% YoY growth.
- EBITDA Margin: Registered at 14.1%, a +11 Bps increase.
India Business Highlights
Apollo Tyres India registered its highest YoY growth in the last 10 quarters. The company emphasized its focus on product premiumization and efficient cash flow management.
- Significant improvement in EBITDA margins, up by +321 Bps YoY.
- Registered the highest ever Vredestein volumes during the quarter.
Europe Business Performance
Despite economic and geopolitical uncertainty, the company’s European operations showed resilience:
- Achieved 4% growth in overall topline YoY.
- UHP (Ultra High Performance) mix stood at 49% for the quarter.
- Sequential EBITDA improvement of 192 Bps.
Balance Sheet and Cash Flow
Apollo Tyres maintained a disciplined approach to capital expenditure and free cash flow, keeping leverage at very low levels.
Source: BSE