New Delhi: Apollo Tyres Ltd reported a 17% year-on-year increase in consolidated revenue to ₹7,968 crore for the second quarter of financial year 2026–27, supported by sustained growth across its Indian operations. Consolidated net profit rose 13% to ₹292 crore, even as higher input costs and supply chain disruptions linked to geopolitical tensions in West Asia continued to challenge the tyre manufacturer’s operations.
The company’s Board of Directors approved the unaudited financial results for the quarter ended September 30, 2026, along with its performance for the first half of FY27. The board also announced the appointment of Ravi Kumar Shingari as Chief Financial Officer, effective November 4, 2026.
Apollo Tyres Q2 FY27 Financial Performance
Apollo Tyres recorded consolidated revenue from operations of ₹7,968 crore during the July–September quarter, compared with ₹6,831 crore in the corresponding period of FY26, representing year-on-year growth of 17%.
Operating profit for the quarter stood at ₹855 crore, while consolidated net profit increased to ₹292 crore from ₹258 crore a year earlier.
The reported profit includes an estimated pre-tax restructuring cost of ₹26 crore, disclosed as an exceptional item.
Growth in the Indian business remained an important contributor to the company’s quarterly performance, with expansion across product categories and new offerings in the commercial vehicle segment supporting revenue momentum.
First-Half Revenue Reaches ₹15,366 Crore, Profit Climbs to ₹641 Crore
Apollo Tyres also reported stronger financial results for the first six months of FY27, covering April to September 2026.
Consolidated revenue increased 15% to ₹15,366 crore, compared with ₹13,392 crore in the corresponding period of the previous financial year.
Operating profit for the first half stood at ₹1,723 crore.
Net profit rose to ₹641 crore, compared with ₹271 crore in H1 FY26, reflecting a substantial improvement in profitability. The first-half figures also include the estimated ₹26 crore pre-tax restructuring expense recognised as an exceptional item.
Apollo Tyres Consolidated Financial Highlights
| Financial metric | Q2 FY27 | H1 FY27 |
|---|---|---|
| Revenue | ₹7,968 crore | ₹15,366 crore |
| Operating profit | ₹855 crore | ₹1,723 crore |
| Net profit | ₹292 crore | ₹641 crore |
| Revenue growth (YoY) | 17% | 15% |
| Net profit growth (YoY) | 13% | Approximately 137% |
In international currency terms, the company’s second-quarter revenue was equivalent to approximately US$833.65 million or €724.54 million, according to its cross-currency reference figures. First-half revenue was equivalent to approximately US$1.62 billion.
Rural Expansion, Cricket Association and New Products Support Growth
Apollo Tyres attributed the sustained performance of its Indian operations to continued rural market expansion, its strategic association with cricket and the introduction of new commercial vehicle tyres.
Commenting on the results, Onkar Kanwar, Chairman, Apollo Tyres Ltd said:
“Growth across categories in India has been supported by our sustained rural expansion efforts and strategic association with cricket. In addition, the launch of new products in the commercial vehicle segment in India has strengthened performance during the past quarter. At the same time, geopolitical tensions in West Asia remain a headwind, resulting in elevated input costs and supply chain disruptions.”
The company’s expansion into rural markets has been part of its broader growth initiatives, while its association with cricket provides a platform for engaging with consumers.
New products in the commercial vehicle tyre segment have also contributed to the business, strengthening the company’s position in a category closely associated with freight movement and commercial transportation.
However, geopolitical developments in West Asia continue to complicate the operating environment. Higher raw-material costs and supply chain interruptions remain concerns for tyre manufacturers, making cost management an important factor alongside sales growth.
In other words, selling more tyres is encouraging, but keeping production costs under control remains just as important.
Ravi Kumar Shingari Appointed Apollo Tyres CFO
Alongside the financial results, Apollo Tyres announced the appointment of Ravi Kumar Shingari as its Chief Financial Officer, effective November 4, 2026.
Shingari joined Apollo Tyres in 2018 as Group Head, Finance, and has since managed responsibilities spanning budgeting, accounts and investor relations. More recently, he was entrusted with additional responsibility for the company’s legal function.
Before joining Apollo Tyres, Shingari spent more than 16 years at KPMG, where his final position was Partner, Tax and Regulatory.
A Chartered Accountant, he holds a Bachelor of Commerce (Honours) degree from Shri Ram College of Commerce, Delhi University.
As CFO, Shingari will report directly to Neeraj Kanwar, Vice Chairman & Managing Director of Apollo Tyres Ltd.
His appointment brings continuity to the company’s financial leadership, with an executive already familiar with its internal operations taking charge of the finance function.
Outlook: Revenue Momentum Meets Cost Pressures
Apollo Tyres enters the second half of FY27 with double-digit revenue growth and a significant improvement in first-half profitability.
The company’s Indian operations remain central to that performance, supported by rural expansion, new product introductions and growth across tyre categories.
Nevertheless, elevated input costs and supply chain uncertainties associated with geopolitical tensions remain potential constraints on profitability.
The coming quarters will therefore test whether Apollo Tyres can translate its revenue momentum into sustained earnings growth while managing external cost pressures. For the broader Indian automotive components industry, the results highlight a familiar equation: expanding demand creates opportunities, but maintaining profitability ultimately depends on how effectively companies navigate an increasingly unpredictable operating environment.
