Apollo Tyres Ltd has posted robust financial results for the third quarter of FY26, reflecting the company’s strong operational capabilities and strategic market expansion. Consolidated revenue for reached ₹7,743 crore, marking a 12% increase from ₹6,928 crore in the same period last year. Operating profit jumped 25% to ₹1,186 crore, while net profit surged 40% to ₹471 crore, underscoring efficiency gains and higher sales volumes across key markets.

European Markets Contribute to Global Footprint
European operations also contributed positively, growing in line with regional market trends and further reinforcing Apollo Tyres’ international presence. Cross-currency data shows Q3 revenue at $870.64 million and €748.49 million, highlighting the company’s diversified global reach.

Product and Channel Mix Highlights Balanced Growth
By product, truck and bus tyres and passenger vehicle tyres each contributed 39% to total revenue, while farm/off-highway tyres, light truck tyres, and others accounted for 10%, 7%, and 6%, respectively.

Domestic Operations Shine with Record Growth
The company’s domestic operations delivered an exceptional performance, achieving the highest quarterly results to date. Growth was driven by a strong rebound in replacement tyre demand, higher exports, and healthy sales through original equipment manufacturer (OEM) channels.

Leadership Confident About Future Momentum
Onkar Kanwar, Chairman of Apollo Tyres, emphasized the encouraging demand momentum and expressed confidence that this growth trajectory would continue in upcoming quarters. With a balanced presence in India and Europe and strong operational performance, Apollo Tyres appears well-positioned for sustained growth and market leadership in the tyre industry.

Technical Summary

Apollo Tyres closed at ₹507.85, slightly below its 51-day simple moving average (SMA) of ₹509.17. The stock recently rebounded from around ₹480, with the immediate support levels at ₹460 and ₹430. On the upside, resistance is seen near ₹560 and ₹600.

The Relative Strength Index (RSI) stands at 52.10, indicating a neutral momentum. Daily trading volumes were moderate at 3.66 million shares, suggesting active participation around current levels.

Conclusion
Apollo Tyres’ Q3 FY26 results highlight strong revenue growth, robust profitability, and balanced contributions from domestic and European markets. Record domestic performance, efficient operations, and diversified product mix underscore the company’s resilience and market leadership. Technical indicators show neutral momentum with potential upside near ₹560–₹600, supported around ₹460–₹430. With strategic international presence and continued demand momentum, Apollo Tyres is well-positioned for sustained growth and long-term value creation for shareholders.

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