Apollo Tyres Ltd. reported a 26% year-on-year increase in consolidated net profit at ₹381 crore for the first quarter of FY26, compared to ₹302 crore in the same quarter last year. This figure excludes an exceptional restructuring cost of ₹368.5 crore. Revenue from operations rose 4% year-on-year to ₹6,561 crore, up from ₹6,335 crore in Q1 FY25.
Operating profit for the quarter stood at ₹868 crore, compared to ₹909 crore in the previous year. Despite the dip in operating profit, the company posted a strong bottom line, aided by growth in the Indian market and effective cost controls.
Indian operations showed steady revenue growth, particularly supported by strong momentum in the aftermarket segment. The European business also performed well despite macroeconomic headwinds and Q1 traditionally being a softer quarter in the region.
Chairman Onkar Kanwar attributed the quarter’s performance to solid execution and a clear focus on profitable growth. “These results underscore the resilience of our business model and our ability to create long-term value for shareholders,” he said.
Apollo Tyres operates manufacturing plants across India and in Europe (The Netherlands and Hungary), and markets products under its global brands, Apollo and Vredestein. The company has a presence in over 100 countries through a broad network of outlets.