Apollo Tyres Limited has informed the Exchange about Transcript
APOLLOTYRE · price
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Apollo Tyres reported strong Q4 FY26 with consolidated revenue of INR 73.4 billion, up 14% Y-o-Y, and EBITDA margin of 14.6% (vs 13% same period last year). India operations showed high teens volume growth in both replacement and OE segments with revenue of INR 52.4 billion. The company has dramatically improved its leverage profile — net debt to EBITDA reduced from 3.2x in March 2020 to 0.4x currently. Europe operations posted revenue of EUR 170 million with 14.6% EBITDA margin. The company announced CapEx of INR 35 billion for FY27 with 80% towards growth. Near-term headwinds include raw material cost inflation (mid to high teens sequentially) and geopolitical uncertainties in West Asia, requiring additional price increases beyond the 6-8% already announced. The Enschede plant closure remains on track for June 30, with EUR 43 million non-cash write-off taken.
Strong operational performance with balance sheet improvement provides cushion against near-term commodity pressures. Management guided for margin recovery in H2 FY27 as Europe restructuring benefits kick in, but expects continued pressure in the near term from raw material inflation.