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Apollo Tyres

Q2 FY26Auto Components

Apollo Tyres Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹440
Market cap₹27.9K Cr
P/E13.1
Updated23 Aug 2026
Read3 min read

The short version

Q2 FY26 saw a 6% consolidated revenue growth YoY with strong domestic and export performance. Q3 margin expected to improve sequentially due to stable raw material costs and strong replacement demand, providing operating leverage.

From Apollo Tyres's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Q2 FY26 saw a 6% consolidated revenue growth YoY with strong domestic and export performance.
  • India expects continued healthy demand momentum in H2 FY26, supported by GST changes and infrastructure/mining rebounds.
  • Replacement demand anticipated to rise from current low levels to mid-to-high single-digit growth.
  • European volumes showed positive growth (4% YoY in Q2) with expectations of low single-digit growth ahead despite challenging conditions.
  • Exports grew in double digits in Q2; full-year export growth expected to reach high single digits.
  • Premiumisation efforts, particularly the Vredestein brand in India, are driving volume growth.

2 more points from Apollo Tyres's call on revenue

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Profitability & Margins

See what Apollo Tyres said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • PCR capacity expansion is underway in Hungary with production expected to start from the next fiscal year.
  • Passenger car capacity expansion is also planned in Andhra Pradesh, on schedule.
  • Apollo's overall Capex plan for FY'26 remains unchanged, with more details expected after next year's budget cycle.
  • The company is prioritizing capacity expansion in passenger car segments in both India and Europe.
  • No major inorganic acquisitions recently, but Apollo may consider small to medium-sized, economically and strategically sensible acquisitions in the off-highway tyre (OHT) segment.

2 more points from Apollo Tyres's call on capex

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Top-ranked in Auto Components

Ranked on what management guided this quarter

Guidance-ranked
1Divgi Torq
Rev 1Mar 3
2OBSC Perfection
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Apollo Tyres said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

See what Apollo Tyres said on order book & pipeline — free account, 30 seconds.

Apollo Tyres — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹7.3K Cr, net profit ₹631 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Apollo Tyres's management said in earlier quarters

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Frequently Asked Questions

What were Apollo Tyres Q2 FY26 results?

Q2 FY26 saw a 6% consolidated revenue growth YoY with strong domestic and export performance. Q3 margin expected to improve sequentially due to stable raw material costs and strong replacement demand, providing operating leverage.

What is Apollo Tyres share price analysis?

Apollo Tyres currently shows a neutral. The stock trades at a P/E of 13.1 with a market cap of ₹27,925 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apollo Tyres planning capital expenditure?

PCR capacity expansion is underway in Hungary with production expected to start from the next fiscal year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.