Apollo Tyres Limited has informed the Exchange about Transcript

Apollo Tyres posted Q1 FY26 consolidated revenue of INR 65.6 billion, up 3.6% YoY, with EBITDA margin of 13.2% (vs 14.4% YoY, 13.0% QoQ). India business grew 3% YoY to INR 47.3 billion with margin improving sharply to 13.6% (from 11.2%) on lower raw material costs. Europe was flat YoY at EUR 146 million but margins fell to 10.8% (from 13.7%) on weak demand and inflation. The company reduced consolidated net debt by INR 3.9 billion to INR 21 billion (0.7x EBITDA). Management announced an INR 3.7 billion exceptional charge related to the planned closure of the Enschede (Netherlands) plant by summer 2026. New OEM wins include a German passenger vehicle manufacturer in both India and Europe, and Vredestein premium brand recorded its highest-ever quarterly volumes. Management expects stronger H2 FY26 driven by post-monsoon demand, but declined to give specific margin guidance.