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Apollo Tyres Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹440
Market cap₹28.3K Cr
P/E13.7
Updated23 Aug 2026
Read4 min read

The short version

Expect healthy momentum in demand to continue into Q4 and beyond FY'27. Volume growth for standalone business is expected in mid-teens; Europe volumes remain flattish.

From Apollo Tyres Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Expect healthy momentum in demand to continue into Q4 and beyond FY'27.
  • India volumes for OEM and replacement grew in mid-teens with exports close to 20%.
  • Domestic replacement demand strong across all segments (PCR, TBR, truck, two-wheelers, farm).
  • European market expected to grow at a long-term trend of 1-2% despite recent negativity.
  • Capacity expansions underway (PCR in Hungary, PCR and TBR in India) to meet growing demand.
  • Current expansions projected to handle demand for a few years; no immediate further expansion plans unless market changes.
  • Capacity utilisation high (PCR ~82%, TBR ~89% in India), indicating near-term capacity constraints.

2 more points from Apollo Tyres Ltd's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

  • Approved INR 5,800 crores capex for Andhra Pradesh plant to expand PCR and TBR capacities over FY'27, FY'28, and FY'29.
  • Growth capex of about INR 2,000 crores planned for FY'27.
  • Overall consolidated capex for next year estimated at around INR 3,000 crores, including maintenance and ongoing PCR expansion in Hungary.
  • FY'27 and FY'28 will see high capex levels, with FY'28 potentially exceeding INR 3,000 crores; FY'29 capex expected to taper off.
  • Capacity expansions aim to add roughly 350 tonnes per day, with about INR 17 crore capex per tonne due to inflation and technology upgrades.

2 more points from Apollo Tyres Ltd'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

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Order Book & Pipeline

The discussion primarily revolves around market share, capacity utilization, market demand, capex plans, margin outlook, and other operational and financial performance aspects. Therefore: - The company indicated strong demand momentum across product categories. - Capacity utilization in India is high (high 80s percentage), with capacity expansions planned, implying strong order prospects. For detailed order book information, investors may need to refer to official quarterly or annual reports or direct disclosures by Apollo Tyres.

Apollo Tyres Ltd — 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 Ltd's management said in earlier quarters

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  • Tolins Tyres (Q3 FY26)

    93.29 Cr, up 33.8% YoY from Rs. Key investor presentation takeaways from Tolins Tyres Ltd's Q3 FY26 investor presentation — and how it ranks against sector peer

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Frequently Asked Questions

What were Apollo Tyres Ltd Q3 FY26 results?

Expect healthy momentum in demand to continue into Q4 and beyond FY'27. Volume growth for standalone business is expected in mid-teens; Europe volumes remain flattish.

What is Apollo Tyres Ltd share price analysis?

Apollo Tyres Ltd currently shows a neutral. The stock trades at a P/E of 13.7 with a market cap of ₹28,256 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apollo Tyres Ltd planning capital expenditure?

Approved INR 5,800 crores capex for Andhra Pradesh plant to expand PCR and TBR capacities over FY'27, FY'28, and FY'29.

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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.