Apollo Tyres profits decline as revenue grows

Gurugram, India – Apollo Tyres Ltd grew consolidated revenue 4% year-on-year in the first quarter of Fiscal year 2025-26 to INR65.61 billion (€676 million), supported by “strong momentum in the aftermarket segment” in India.

For the three months to 30 June, operating profit fell 4.5% to INR8.68 billion from INR9.09 billion a year earlier.

Net profit rose 26.2% to INR3.81 billion, excluding an exceptional restructuring charge of INR3.685 billion, compared with INR3.02 billion in the first quarter the previous fiscal year.

Chairman Onkar Kanwar said the results “reflect solid execution and a focus on profitable growth.”

According to Kanwar, the Indian operations performed “in line with expectations” while Europe delivered “a solid performance” during what is typically a seasonally weaker period and “under challenging operations.”