Apollo Tyres Ltd

Apollo Tyres Reports Record Revenue & Approves Major Expansion 🚗📈

- Highest-ever quarterly revenue: ₹77.4 billion in Q3 FY26, up 12% year-over-year

- Consolidated EBITDA margin improved to 15.3% (vs 14.9% previous quarter, 13.7% last year)

- India operations revenue: ₹51.4 billion, up over 13% YoY with double-digit growth across all channels

- Europe revenue flat at €180 million, but EBITDA margin improved to 17.9% from 17.7% YoY

- Net debt reduced significantly to ₹13 billion from ₹26 billion in previous quarter

- Volume growth in India was mid-teens YoY, with exports nearing 20% growth

- Raw material costs expected to remain steady in Q4 (natural rubber ~₹195/kg, synthetic ~₹170/kg)

- ROCE for current year at 13.5%

- Demand outlook remains positive for Q4