Apollo Tyres has announced its financial results for Q4 FY26, reflecting significant growth. The company reported a consolidated revenue of INR 73,357 million, marking a 14.2% year-on-year increase. Strong operational performance and robust demand across key markets contributed to an EBITDA of INR 10,688 million, with margins expanding by 153 basis points. The company has also demonstrated solid progress in debt reduction, positioning itself for future expansion.
Financial Highlights for Q4 FY26
For the quarter ending March 31, 2026, Apollo Tyres recorded impressive growth. Consolidated revenue climbed to INR 73,357 million, while EBITDA reached INR 10,688 million, representing a 27.6% year-on-year growth. The EBITDA margin improved significantly to 14.6%. For the full fiscal year FY26, the company achieved total revenue of INR 284,706 million, showcasing a consistent upward trend.
Regional Performance and Growth Drivers
The India operations delivered a strong performance with 14.3% year-on-year revenue growth in Q4, fueled by high demand in both the replacement and Original Equipment (OE) markets. Notably, Truck & Bus Radial (TBR) replacement volumes reached record highs. The company also saw continued benefits from its focus on premiumization, with the UHP (Ultra High Performance) mix in Europe reaching 50% for the quarter.
Strengthened Balance Sheet
Apollo Tyres has successfully reduced its net debt by INR 9 billion compared to the previous year, supported by strong operational cash flows. This improved financial health provides the company with the flexibility to pursue future growth capital expenditure (capex), with planned investments aimed at sustaining momentum over the next 2-3 years. The net debt to EBITDA ratio stands at a healthy 0.4x, underscoring the company’s commitment to maintaining a robust capital structure.
Source: BSE
