Staff Writer
Gurgaon: Apollo Tyres Ltd delivered a solid performance in the third quarter of FY26, reporting double-digit growth in revenue and sharp improvements in profitability, driven by strong demand across India and steady momentum in its European operations.
The Board of Directors of Apollo Tyres on February 4 approved the company’s unaudited financial results for the quarter ended December 31, 2025, as well as for the nine months ended December 2025. On a consolidated basis, revenue from operations for Q3 FY26 stood at ₹7,743 crore, marking a 12 percent increase compared to ₹6,928 crore recorded in the corresponding quarter of the previous financial year. Both Indian and European businesses contributed to the growth, each registering double-digit revenue expansion during the quarter.
Operating performance showed even stronger traction. Operating profit for the October–December period rose 25 percent year-on-year to ₹1,186 crore, compared to ₹947 crore in Q3 FY25. Net profit for the quarter increased sharply by 40 percent to ₹471 crore, up from ₹337 crore in the same period last year, reflecting improved margins and operating efficiencies.
For the first nine months of FY26, Apollo Tyres reported consolidated revenue of ₹21,135 crore, representing a 7 percent growth over ₹19,700 crore achieved during the April–December period of FY25. Operating profit for the nine-month period rose 12 percent to ₹3,074 crore, compared to ₹2,734 crore in the previous year.
Net profit for the nine months stood at ₹741 crore, lower than ₹937 crore reported in the corresponding period last fiscal. The company clarified that this figure includes an estimated pre-tax restructuring cost of ₹545 crore, disclosed as an exceptional item, which impacted overall profitability for the period.
Commenting on the performance, Onkar Kanwar, Chairman of Apollo Tyres Ltd, said the results reflect strong execution by the team across geographies and segments. He noted that the company achieved double-digit volume growth in the past quarter, with India delivering its best-ever quarterly performance. Growth in the domestic market was supported by healthy demand across replacement, exports and OEM channels. European operations, he added, performed broadly in line with market trends.
Kanwar further stated that demand conditions remain encouraging and the company expects the positive momentum to continue in the coming quarters. In cross-currency terms, Apollo Tyres’ Q3 FY26 revenue translated to approximately USD 870.6 million and Euro 748.5 million, while nine-month revenue stood at around USD 2.42 billion and Euro 2.09 billion. Operating profit for the quarter amounted to about USD 133.5 million and Euro 114.9 million, underlining the company’s strong operational performance despite global market uncertainties.
With robust growth in core markets and a focus on sustaining demand momentum, Apollo Tyres continues to strengthen its position in the global tyre industry while navigating cost pressures and strategic restructuring initiatives.
