Apollo Tyres Ltd
Apollo Tyres Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Demand remains strong across categories and channels, with April showing equally strong volume growth; expected momentum to continue through Q1 FY'27. - Export markets like Europe show promising signs, though the U.S. Demand remains strong across categories and channels with April showing strong volume growth; momentum expected to continue through Q1 FY'27.
From Apollo Tyres Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Demand remains strong across categories and channels, with April showing equally strong volume growth; expected momentum to continue through Q1 FY'27.
- Export markets like Europe show promising signs, though the U.S. market appears weak currently.
- India to remain a priority for capacity expansion, with near full capacity utilization observed.
- Volume growth in Q4 was high teens in OE and replacement segments; export volumes saw mid-single-digit growth.
- Price increases of 6%-8% announced to mitigate cost pressures, with more hikes expected.
- Full capacity utilization expected to continue, supporting growth.
- CapEx of INR 35 billion for FY'27, primarily for capacity expansion, indicating confidence in future growth.
- Europe to see margin improvements after restructuring with H2 FY'27 positivity.
- Overall growth dependent on macroeconomic conditions; volatility may impact second half of FY'27 but current outlook remains optimistic.
Profitability & Margins
See what Apollo Tyres Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- For FY'27, Apollo Tyres has planned a CapEx of INR 35 billion.
- Approximately 80% of this CapEx is dedicated to growth and capacity expansion projects.
- Around INR 30 billion (close to INR 3,000 crores) is allocated for capacity expansion in India, covering both truck and car tyres.
- The remaining CapEx portion will be for European operations, mainly for passenger car tyre expansion in Hungary.
- The company maintains some flexibility on CapEx, especially for FY'28, but FY'27 commitments are largely fixed.
- Strategic investment focus remains on capacity utilization given current high demand and capacity constraints (around 90% utilization).
- Expansion initiatives will continue despite volatile external environment, with careful monitoring of cash flows and ROCE.
- Emphasis on leveraging India's cost advantage for increased production serving both domestic and export markets.
Top-ranked in Auto Components
Ranked on what management guided this quarter
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 Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Apollo Tyres Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Apollo Tyres Ltd Q4 FY26 results?
Demand remains strong across categories and channels, with April showing equally strong volume growth; expected momentum to continue through Q1 FY'27. - Export markets like Europe show promising signs, though the U.S. Demand remains strong across categories and channels with April showing strong volume growth; momentum expected to continue through Q1 FY'27.
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?
For FY'27, Apollo Tyres has planned a CapEx of INR 35 billion.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.