Apollo Tyres (APOLLOTYRE) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 consolidated revenue grew 12.8% year-over-year to INR 73,978 Mn, with EBITDA stable at INR 8,680 Mn and margin at 11.7%.

• India operations delivered the strongest quarterly growth in 14 quarters, up 15.6% year-over-year, driven by double-digit gains across all channels and product categories.

• Europe saw low single-digit volume growth and stable revenue, but EBITDA margin declined due to cost pressures.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and noted the resignation of a Whole-time Director, who will remain CFO for a transition period.

Financial highlights

• Q1 FY27 consolidated revenue from operations was ₹73,977.90 million, up from ₹65,607.59 million year-over-year.

• PAT for Q1 FY27 was INR 3,488 Mn, up significantly from INR 128 Mn in Q1 FY26, with PAT margin improving to 4.7%.

• Standalone revenue rose 15.6% year-over-year to INR 54,619 Mn, with EBITDA margin at 12.0%.

• Basic and diluted EPS for the quarter were ₹5.52, up from ₹0.20 year-over-year.

• Europe revenue grew 0.5% year-over-year to €147 Mn, with EBITDA margin at 8.9%.

Outlook and guidance

• Demand remains strong across categories and channels in India, with positive pricing actions underway to offset raw material cost pressures.

• Europe expects continued growth momentum in Q2, especially in the PCR Replacement segment.

• Production at the Enschede plant in the Netherlands has been discontinued, with closure payouts expected in FY27.

• The company adopted a concessional tax regime, reducing the applicable tax rate from 34.94% to 25.17%.