Apollo Tyres Ltd has announced its financial results for the first quarter of FY2026-27, reporting strong revenue growth driven by robust demand across key markets. The company’s Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, during which Apollo Tyres posted consolidated revenue from operations of ₹7,398 crore, reflecting a 13% year-on-year increase from ₹6,561 crore in the corresponding quarter last year.
The company’s Indian operations recorded steady growth, while its European business delivered a resilient performance despite a challenging market environment. Operating profit for the quarter remained stable at ₹868 crore, while net profit rose sharply to ₹349 crore, compared to ₹13 crore in Q1 FY2025-26. The previous year’s profit, however, was impacted by a ₹273 crore post-tax restructuring and impairment charge related to the company’s Netherlands plant.
Healthy Growth Backed by Strong Demand
Commenting on the quarterly performance, Onkar Kanwar, Chairman, Apollo Tyres Ltd, said the company achieved healthy revenue growth supported by strong demand across market segments and sustained high-capacity utilisation at its manufacturing facilities. He added that Apollo Tyres remains focused on profitable growth by improving operational efficiency, strengthening execution, and responding effectively to customer requirements while remaining mindful of the evolving macroeconomic environment.
Q1 FY2026-27 Financial Highlights
- Revenue from Operations: ₹7,398 crore (up 13%) vs ₹6,561 crore in Q1 FY2025-26
- Operating Profit: ₹868 crore (largely unchanged year-on-year)
- Net Profit: ₹349 crore vs ₹13 crore in the corresponding quarter last year
Alongside its financial results, Apollo Tyres announced that Chief Financial Officer Gaurav Kumar has resigned from the company and its Board of Directors to pursue new personal and professional opportunities.
Reflecting on his tenure, Gaurav Kumar expressed gratitude for being part of Apollo Tyres’ growth journey over the years, stating that he had gained valuable experience while contributing to the company’s development and now looks forward to exploring new challenges.
Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres, acknowledged Gaurav Kumar’s significant contribution over the past two decades, highlighting his role in the company’s growth across both domestic and international markets. While expressing regret over his departure, he wished Kumar success in his future endeavours.
To ensure a seamless leadership transition, Gaurav Kumar has agreed to continue beyond his notice period, if required, before stepping down as the company’s Key Managerial Personnel (KMP). Apollo Tyres said the process of appointing a new Chief Financial Officer is underway, and an announcement will be made once the appointment is finalised.
