Apollo Tyres reports double-digit sales, earnings growth

Gurugram, India – Apollo Tyres has reported significant growth in sales and operating profit in the third quarter of its fiscal year 2025-26, buoyed by strong performances in India and Europe. 

Revenue for the quarter ended 31 Dec 2025 stood at INR77.4 billion (€748 million), up 12% year-over-year, reported Apollo 4 Feb. 

Operating profit for the three-month period grew 25% year-on-year to INR11.9 billion, while net profit was up 40% at INR4.7 billion. 

Over the first nine months of the year, sales increased 7% year-on-year to INR211 billion, while operating profit increased 12% to INR30 billion. 

Net profit for the first three quarters close 21% lower at INR7.4 billion, reflecting a one-off restructuring cost of INR5.4 billion. 

According to Apollo, both its Indian and European operations witnessed double-digit growth in revenue in the third quarter. 

The group also delivered “double-digit volume growth across geographies and market segments” in the third quarter, according to chairman Onkar Kanwar. 

India, noted Kanwar, recorded its “best quarterly performance to date,” driven by strong growth across replacement, exports and OEM channels. 

The European operations also performed “in line with the broader market,” the tire group chairman also noted.