Apollo Tyres (APOLLOTYRE) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue rose 16.6% YoY to ₹79,681.50 Mn; EBITDA fell 16.2% to ₹8,554 Mn, with margin at 10.7%.

• H1 FY27 revenue reached ₹153,659.40 Mn, up 14.7%; EBITDA was ₹17,233 Mn, down 8.7%, and net profit was ₹6,411.59 Mn.

• Ravi Kumar Shingari was appointed CFO effective November 4, 2026; the board proposed raising up to ₹10,000 Mn through privately placed NCDs, subject to shareholder approval.

Financial highlights

• Q2 consolidated net profit was ₹2,922.87 Mn versus ₹2,580.47 Mn; EBIT was ₹5,171 Mn versus ₹6,671 Mn YoY.

• Q2 consolidated revenue rose 7.7% QoQ while EBITDA declined 1.5%; EBITDA margin was 10.7% versus 11.7% in Q1 FY27.

• Standalone Q2 revenue grew 25.6% YoY to ₹59,216.57 Mn; net profit was ₹2,757.24 Mn versus ₹2,771.86 Mn.

• H1 consolidated profit before tax was ₹8,638.68 Mn versus ₹4,244.42 Mn; standalone H1 revenue was ₹113,835.26 Mn and net profit ₹5,799.73 Mn.

Segment performance

• India standalone Q2 revenue rose 25.6% YoY to ₹59,216.57 Mn, the strongest YoY growth in 17 quarters, following strong double-digit Q1 growth.

• India saw broad-based Replacement and OEM growth; premium larger-rim PCR tyres and Vredestein gained momentum.

• Europe Q2 revenue fell 11.5% YoY to €157 Mn; EBITDA margin declined to 10.3% from 12.7%. Figures exclude ReifenCom distribution operations.

• H1 segment revenue: APMEA ₹115,019.83 Mn, Europe ₹41,941.44 Mn and Others ₹4,980.28 Mn.

• H1 consolidated revenue mix was 69% India and 26% Europe; by product, Truck & Bus was 40% and Passenger Vehicle 37%.