Apollo Tyres delivered a strong third-quarter performance and shared comprehensive investor presentation during its conference call held on February 5, 2026. The tyre manufacturer's consolidated results demonstrate robust operational momentum and effective business execution during the quarter.

Financial Performance Overview

The company's Q3FY26 financial results showcase impressive year-on-year growth across profitability, revenue, and operational efficiency metrics:

Investor Presentation Highlights

Pursuant to Regulation 30(6) and 46(2) of SEBI regulations, Apollo Tyres shared its Q3FY26 investor presentation during the conference call. The presentation revealed several key operational achievements, including the highest ever quarterly revenue crossing ₹5,000 crore mark for India operations and the highest year-on-year growth over the last 12 quarters.

Strong India Operations Performance

The India operations demonstrated exceptional performance with revenue reaching ₹51.39 billion in Q3FY26, representing a robust 13.2% year-on-year growth from ₹45.40 billion in Q3FY25. The EBITDA margin for India operations improved significantly to 14.5% from 11.1% in the previous year, marking an expansion of 344 basis points.

Operational Efficiency and Cash Flow

The company demonstrated strong cash flow generation with free cash flow reaching ₹16 billion for the nine-month period, compared to ₹3 billion for the full previous fiscal year. Net debt decreased significantly to ₹13 billion by December 2025 from ₹26 billion in September 2025, resulting in an improved net debt to EBITDA ratio of 0.4x.

Strategic Focus Areas

The presentation highlighted the company's continued focus on profitable growth, free cash flow generation, and improved return ratios. Apollo Tyres registered highest ever Vredestein volumes in Q3FY26, with the dual brand strategy in passenger car radials continuing to perform well. The premium mix in passenger car radials continues to improve, supporting the company's premiumization strategy.

Apollo Tyres has announced a major expansion initiative for its manufacturing operations in Andhra Pradesh, marking a significant step in the company's growth strategy. The tyre manufacturer plans to substantially increase production capacity at its existing facility in the state.

Investment Details

The expansion project requires a considerable financial commitment from Apollo Tyres, with the total investment planned at 58.10 billion rupees. This substantial capital allocation underscores the company's confidence in market opportunities and its commitment to expanding manufacturing capabilities.

Strategic Significance

The planned expansion at the Andhra Pradesh facility represents a major manufacturing enhancement for Apollo Tyres. By increasing production capacity at this location, the company is positioning itself to better serve market demand and strengthen its operational footprint in the region.

This capacity expansion initiative demonstrates Apollo Tyres' focus on scaling up its manufacturing operations through significant capital investment. The Andhra Pradesh facility expansion is expected to contribute meaningfully to the company's overall production capabilities once implemented.