Apollo Tyres Q2 Revenue Rises To ₹79.7 Billion From ₹68.3 Billion YoY

Market snapshot: Apollo Tyres reported top-line expansion in its Q2 financial results, with revenue rising to ₹7,970 crore (₹79.7 billion) from ₹6,830 crore (₹68.3 billion) in the year-ago period.

Data Snapshot

• Apollo Tyres reported Q2 revenue from operations of ₹7,970 crore (₹79.7 billion), expanding from ₹6,830 crore in the year-ago period.
• In FY26, Apollo Tyres generated standalone net sales of ₹19,816.23 crore.
• Apollo Tyres distributed a total dividend of ₹6 per equity share for FY26.

What's Changed

• Q2 revenue increased to ₹7,970 crore compared to ₹6,830 crore in Q2 of the previous financial year, marking a growth of ≈16.69% YoY (derived: ₹7,970 cr vs ₹6,830 cr).

Key Takeaways

• Apollo Tyres reported Q2 revenue of ₹7,970 crore, growing from ₹6,830 crore in the year-ago period.
• The top-line growth reflects steady volume traction in passenger car radial and truck bus radial segments.
• Full-year baseline remains supported by strong historic fundamentals including FY26 net sales of ₹19,816.23 crore.

SAHI Perspective

The Q2 revenue growth demonstrates resilience in core domestic auto replacement channels and export stability. Sustained top-line expansion indicates effective channel distribution and product premiumisation strategies.

Market Implications

Positive revenue expansion provides market confidence regarding demand recovery in the auto ancillary domain, potentially benefiting sector sentiment across commercial and passenger vehicle tyre suppliers.

Trading Signals

Market Bias: Bullish

Apollo Tyres demonstrated healthy revenue momentum with Q2 revenue expanding 16.69% YoY to ₹7,970 crore against ₹6,830 crore in the year-ago quarter.

Overweight: Auto Components, Tyre Manufacturing

Trigger Factors:

• Sustained replacement market demand in commercial and passenger vehicle tyres
• Raw material cost trends in natural rubber and synthetic rubber
• OE assembly volume trends across OEM partners

Time Horizon: Near-term (0-3 months)

Industry Context

The Indian tyre manufacturing industry continues to benefit from structural growth drivers, including expanding commercial vehicle fleet utilization, rising personal vehicle ownership, and premiumisation trends in high-inch radial tyres.

Key Risks to Watch

• Fluctuations in natural rubber and crude-derivative raw material input costs
• Potential slowdown in OEM vehicle production schedules
• Currency fluctuations impacting European subsidiary operations

Recent Developments

In August 2026, Apollo Tyres submitted its Q1 FY27 earnings presentation to stock exchanges, following full-year FY26 results where standalone net sales stood at ₹19,816.23 crore.

Closing Insight

Apollo Tyres' solid revenue performance highlights strong positioning across key auto component segments, laying a firm foundation for sustained market engagement.

High Performance Trading with SAHI.