Apollo Tyres reports 3.6% revenue growth despite Europe challenges

Apollo Tyres reported consolidated revenue growth of 3.6% year-on-year to INR 65.6 billion in Q1 FY26, with EBITDA margin at 13.2%.

Indian revenue grew 3% to INR 47.3 billion driven by OEM growth, though exports declined. European operations remained flat at EUR 146 million with 10.8% EBITDA margin.

The company recognized INR 3.7 billion in exceptional costs for restructuring its Enschede plant amid weak European market conditions.