Apollo Tyres Q4 FY26 profit up 242%, revenue +14% YoY

Snapshot: a sharp profit jump in March quarter

Apollo Tyres reported a 241.76% year-on-year rise in consolidated net profit for Q4 FY26, with profit rising to ₹630.97 crore from ₹184.62 crore in the year-ago quarter. Revenue from operations grew 14.19% YoY to ₹7,335.67 crore for the quarter ended 31 March 2026. The numbers place the tyre maker among the notable earnings updates from the Automobile and Ancillaries space, particularly the Auto Ancillaries segment focused on tyres and rubber products. The company operates across regions including Asia Pacific, the Middle East, Africa and Europe.

While the headline profit growth was strong, the quarter also included a sizeable exceptional item, which investors typically track closely to understand underlying earnings quality. Apollo Tyres also provided regional revenue details that indicate how growth was spread across geographies. Shares ended higher on the day of the result, reflecting a positive near-term market reaction.

Q4 FY26: headline profit and revenue numbers

For the March 2026 quarter, Apollo Tyres’ consolidated net profit came in at ₹630.97 crore, compared with ₹184.62 crore in Q4 of the previous year. Revenue from operations rose to ₹7,335.67 crore, up 14.19% YoY.

The profit expansion is notable because it reflects a large year-on-year improvement even as the company continues to operate in a competitive market that is sensitive to freight cycles, replacement demand and original equipment (OE) demand. In India, Apollo is exposed to both the replacement market and OE supply, which can move differently across quarters depending on vehicle sales and fleet utilisation.

The company’s update also highlighted segmental revenue performance and discussed how its European operations fared amid prevailing market conditions. These details matter because Apollo Tyres has meaningful international operations, and regional demand and pricing can influence consolidated performance.

Profit before exceptional items and tax, and the exceptional line

Apollo Tyres reported profit before exceptional items and tax of ₹617.78 crore in Q4 FY26, compared with ₹378.75 crore in the year-ago quarter. Alongside this, the company reported exceptional items amounting to ₹456.13 crore during the quarter.

Exceptional items can include non-recurring gains or expenses that are separated from routine operating performance. Because these items can materially change reported profitability for a quarter, investors typically compare both reported profit and profit before exceptional items to build a clearer picture of how core operations performed.

The disclosure of a ₹456.13 crore exceptional item is therefore a key part of the quarterly read-through, especially when assessing how much of the quarter’s performance stems from operating momentum versus one-offs.

Region-wise revenue: APMEA and Europe both grow

Apollo Tyres reported year-on-year growth in its two large reported regions. Revenue from the Asia Pacific, Middle East and Africa (APMEA) region increased 15% YoY to ₹5,346.44 crore in Q4 FY26. Revenue from Europe rose 15.28% to ₹2,180.25 crore.

The company also reported a sharp decline in revenue from other regions, which fell 80.95% YoY to ₹225.57 crore during the quarter. With geographic diversification, consolidated results can be shaped by differences in demand, pricing and distribution across markets. The regional split is therefore an important data point for tracking where growth is currently coming from.

Full-year FY26: profit and revenue rise

For FY26, Apollo Tyres posted a 22.39% increase in consolidated net profit to ₹1,372.42 crore. Revenue from operations grew 8.98% to ₹28,470.60 crore compared with FY25.

The full-year performance provides context beyond quarter-to-quarter volatility and indicates the overall pace of growth achieved across the financial year. The FY26 revenue growth rate also helps frame whether Q4 was an acceleration or a continuation of the broader trend, although quarter-level seasonality and cost movements can still be significant for tyre companies.

Management commentary: India demand and West Asia headwinds

Chairman Onkar Kanwar said the company’s performance in India remained robust, particularly in the replacement and OE segments. He also said truck-bus radials recorded growth of over 20% in Q4.

On Europe, management indicated operations performed in line with prevailing market conditions. The statement also flagged that ongoing geopolitical tensions in West Asia continue to pose headwinds. At the same time, management said it remains optimistic about sustained demand momentum in India, supported by positive rural sentiment.

Business profile and operating footprint

Apollo Tyres’ principal business activity is the manufacturing and sale of automotive tyres. The company produces a range of tyres for passenger vehicles, truck and bus, farm, off-the-road, industrial and specialty applications, including mining, retreaded tyres and retreading material.

The company operates across regions including APMEA and Europe, and reports revenue by geography. It was incorporated in 1972 and is headquartered in Gurugram, India. The registered office address listed is in Kochi, Kerala.

Stock market reaction after the results

Shares of Apollo Tyres added 1.31% to end at ₹401.70 on the BSE, according to the update. Daily price moves can reflect how investors interpret the balance between headline earnings strength, one-off items and management commentary.

For market participants, the combination of strong YoY profit growth and double-digit revenue growth is a key takeaway. But the scale of exceptional items disclosed for the quarter is also central to how the quarter is analysed.

Key reported numbers at a glance

Why the update matters for investors

The Q4 FY26 update is important because it combines strong year-on-year profit growth with healthy revenue growth, while also highlighting the role of exceptional items. The regional revenue mix also provides a clearer view of where demand is holding up, with both APMEA and Europe showing similar growth rates in the quarter.

Management’s commentary points to resilience in India, especially in replacement and OE channels, and specifically mentions truck-bus radial growth of over 20% in Q4. At the same time, the company acknowledged headwinds from geopolitical tensions in West Asia, a factor relevant for businesses operating across the Middle East and surrounding markets.

Conclusion

Apollo Tyres’ Q4 FY26 result showed a sharp YoY rise in consolidated profit to ₹630.97 crore and a 14.19% increase in revenue to ₹7,335.67 crore, alongside exceptional items of ₹456.13 crore. For FY26, the company reported net profit of ₹1,372.42 crore and revenue of ₹28,470.60 crore. In the near term, investors are likely to track how demand trends in India evolve and whether geopolitical risks in West Asia continue to affect operating conditions.