Apollo Tyres Ltd Q2 FY27 Revenue Rises 16.65% to ₹7,968 Crore

Apollo Tyres Ltd reported consolidated revenue of ₹7,968.15 crore for the quarter ended September 30, 2026, up 16.65% year-on-year, while net profit increased 13.27% to ₹292.29 crore. The result shows higher sales during Q2 FY27, although operating profit and the reported operating margin were lower than a year earlier.

What did Apollo Tyres Ltd report for Q2 FY27?

Apollo Tyres Ltd announced its unaudited financial results for the July-September 2026 quarter on November 4, 2026. Consolidated revenue from operations was ₹7,968.15 crore, compared with ₹6,831.09 crore in Q2 FY26. Total income for the quarter stood at ₹8,010.51 crore.

Profit after tax was ₹292.29 crore, against ₹258.05 crore a year earlier. Profit before tax was ₹396.18 crore, while total comprehensive income was ₹284.18 crore. For the first half ended September 30, 2026, consolidated revenue from operations was ₹15,365.94 crore and profit after tax was ₹641.16 crore.

Why did revenue and profit move in different directions?

Revenue increased by ₹1,137.06 crore from the year-earlier quarter, while reported operating profit declined by ₹165.39 crore. The company’s reported operating margin was 11.05%, down from 15.28% in Q2 FY26. The available results data therefore show that sales growth did not translate into a similar improvement in operating profit.

Net profit nevertheless rose by ₹34.24 crore year-on-year. The financial statement reported profit before tax of ₹396.18 crore and profit after tax of ₹292.29 crore for the quarter. The supplied data does not specify the individual cost or non-operating items behind the difference between the operating-profit trend and the increase in net profit.

What is supporting Apollo Tyres' business in India?

Apollo Tyres describes its India business as the group’s volume and profit anchor. The company is a leader in Indian commercial-vehicle tyres and supplies tyres to car and SUV manufacturers, with a dealer network of roughly 7,200 outlets and relationships with every major automaker in the country.

Its Q1 FY27 update had reported 15.6% year-on-year growth in India operations, described as the strongest quarterly growth in 14 quarters. That performance was attributed to double-digit gains across channels and product categories. Management has also stated a target of sustaining mid-to-high single-digit volume growth in domestic replacement and original equipment manufacturer markets in FY27.

The company sells tyres in India under the Apollo brand and operates in Europe under the Vredestein brand. The quarterly filing did not provide a separate geographic revenue split in the supplied information, but the India business remains important because of its stated role in group volumes and profitability.

What capital and leadership decisions accompanied the results?

Apollo Tyres approved the appointment of Ravi Kumar Shingari as Chief Financial Officer and Key Managerial Personnel, effective November 4, 2026. The board also approved a proposal to raise up to ₹1,000 crore through non-convertible debentures issued through private placement in one or more tranches, subject to shareholder approval through a postal ballot.

The proposed debentures are within the company’s existing shareholder-approved borrowing limits, according to the supplied filing summary. The company has also indicated annual planned capital expenditure of ₹1,200 crore to ₹1,400 crore across India and Europe. These disclosed actions place funding flexibility, capital spending and finance leadership alongside the Q2 operating update.

Apollo Tyres scheduled a conference call for November 5, 2026, at 3:30 PM IST to discuss Q2 FY27 financial and operational performance with analysts and investors. The company said a recording of the call would be posted on its website.

How does the Q2 FY27 result matter to investors?

For investors, the central feature of the quarter is the contrast between revenue growth and lower operating profitability. Revenue increased 16.65%, but operating profit fell 16.2% and the reported operating margin declined by 4.23 percentage points year-on-year. The net-profit increase of 13.27% means the quarter was profitable, but the operating-margin movement remains a key reported metric.

The half-year figures add context to the quarterly result. Revenue from operations reached ₹15,365.94 crore in the first half of FY27, while profit after tax was ₹641.16 crore, compared with ₹270.93 crore in the year-earlier half. The supplied information does not provide a detailed reconciliation for the sharp half-year profit increase, so the reported numbers should be read alongside the company’s full financial statements and management discussion.

For the tyre industry, Apollo Tyres' reported domestic volume target and its distribution reach provide context for its sales performance. Its proposed debt issuance and planned India and Europe capital expenditure also indicate that operational investment and funding decisions will remain relevant to its financial profile.

Conclusion

Apollo Tyres delivered higher Q2 FY27 revenue and net profit, with consolidated sales reaching ₹7,968.15 crore and profit after tax reaching ₹292.29 crore. However, operating profit declined to ₹855.35 crore and the reported operating margin fell to 11.05%, making profitability trends as relevant as sales growth in assessing the quarter.

The next disclosed event is the November 5, 2026 conference call, where management is scheduled to discuss quarterly performance and outlook. Investors will also track progress on the proposed ₹1,000 crore non-convertible debenture issue, annual capital expenditure of ₹1,200 crore to ₹1,400 crore, and management's domestic volume-growth target for FY27.