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Apollo Tyres delivered a strong FY2026 performance, with consolidated revenue reaching Rs. 28,471 crore and operating profit improving to Rs. 4,143 crore. Chairman Onkar Kanwar said the company remains focused on disciplined execution, capital efficiency and long-term value creation amid geopolitical and economic uncertainties. He highlighted rising natural rubber and petroleum-linked input costs, noting that Apollo has implemented 10%-12% price increases. The company is also strengthening its EV tyre portfolio, with EVs accounting for around 5% of its total original-equipment passenger car business in India, while 38% of materials used are sustainable, recycled or sourced from certified sustainable natural resources.
The Print Times
New Delhi, July 29, 2026: Apollo Tyres Limited delivered a strong performance in FY2026 despite a challenging global business environment marked by geopolitical tensions, changing trade dynamics and economic uncertainties, according to Onkar Kanwar, Chairman, Apollo Tyres, at the company's 53rd Annual General Meeting held on Wednesday.
Apollo Tyres Ltd is an international tyre manufacturer and the leading tyre brand in India. It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships. The company has a total of seven manufacturing units -- 5 in India and 1 each in the Netherlands and Hungary.
Addressing shareholders, Kanwar said Apollo Tyres remained focused on disciplined execution, responsible growth and long-term value creation during the year. He said the company's consolidated revenue crossed the Rs. 28,000-crore mark, reaching Rs. 28,471 crore, while operating profit improved to Rs. 4,143 crore.
Kanwar emphasized that financial performance was only one measure of the company's progress, with Apollo Tyres continuing to focus on improving capital efficiency, operational discipline and profitable growth.
He also highlighted the company's efforts to strengthen the Apollo brand through its association with Team India, saying the partnership reflects values such as resilience, determination, excellence and the courage to perform under pressure.
Input costs remain a key concern
On input costs, Kanwar said tyres remain closely linked to natural rubber and petroleum prices. He noted that prices have risen significantly, with natural rubber currently above Rs. 250 per kg in India.
In response to the increase in input costs, Apollo Tyres has been able to implement 10%-12% price increases in the market. Kanwar said the company would continue to monitor commodity price volatility and take further price corrections as required.
Apollo Tyres strengthens EV tyre presence
Kanwar also highlighted the company's growing presence in electric vehicles. He said Apollo Tyres is supplying tyres to electric vehicles and that around 5% of its total original-equipment passenger car business in India is related to EVs.
He said the company is strong in the electric vehicle tyre segment and continues to build its capabilities in this area.
38% materials linked to sustainable and recycled sources
Sustainability remained another key focus area for Apollo Tyres. During the AGM, the company said around 38% of the materials it currently uses are sustainable, recycled or drawn from natural resources that are certified sustainable.
The company has also continued its focus on renewable energy, responsible sourcing and resource efficiency. Kanwar said Apollo Tyres' emission reduction targets had been validated by the Science Based Targets Initiative, reaffirming its commitment towards achieving net zero carbon emissions by 2050.
He emphasized that sustainability has become an integral part of how Apollo Tyres innovates, manufactures and grows, rather than remaining a separate business agenda.
Global operations and Hungary partnership
Kanwar also highlighted Apollo Tyres' global presence and its partnership with the Government of Hungary, which he said has played an important role in strengthening the company's European operations.
The company's manufacturing facilities at Gyöngyöshalász, Hungary, were cited as an example of the outcomes that can be achieved through long-term collaboration based on mutual trust and shared aspirations.
Looking ahead, Kanwar said he remains optimistic about Apollo Tyres' prospects, supported by opportunities in India and the company's global presence across the evolving mobility landscape.
He said uncertainty would remain part of the business environment, but companies that stay true to their values, continue to innovate and invest responsibly would be best positioned to succeed.
Kanwar thanked Apollo Tyres' employees, customers, dealers, distributors, suppliers, banking partners, financial institutions and governments for their continued support, while expressing gratitude to shareholders for their trust and confidence in the company.
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