• Event Type: Q2 FY27 Earnings Conference Call to discuss financial and operational performance
  • Date and Time: Held on November 5, 2026 (time not specified)
  • Purpose: Discussion of quarterly results for Q2 FY27 and strategic updates
  • Management Participants: Mr. Ravi Kumar Shingari (Chief Financial Officer) and Himanshu Sharma (Head, Investor Relations and Budgeting). Chairman Neeraj could not attend due to unexpected circumstances.
  • Availability of Materials: The transcript of the call has been made available on the company's website under IR Presentations | Apollo Tyres Corporate.
  • UPSI Statement: The document does not contain any explicit statement regarding unpublished price sensitive information.

Financial Highlights Discussed

Consolidated Performance (Q2 FY27):

  • Revenue: INR 79.7 billion (16% YoY growth)
  • EBITDA: INR 8.6 billion
  • EBITDA Margin: 10.7%
  • Net Debt to EBITDA: 0.9x (as of September 30, 2026)
  • H1 FY27 Capex: ~INR 15 billion

India Operations:

  • Revenue: INR 59.2 billion (26% YoY growth)
  • EBITDA: INR 6.6 billion
  • EBITDA Margin: 11.1% (vs 15.3% in Q2 FY26)
  • Volume growth driven by OEM channel (25%+), Replacement (low double digits), exports (flat)
  • Raw material cost increased ~25% YoY
  • Price increases implemented: 13-15% across categories

Europe Operations:

  • Revenue: EUR 157 million (12% YoY decline)
  • EBITDA Margin: 10.3%
  • Decline primarily due to truck and agriculture segments affected by Enschede plant closure
  • PCR business gained market share despite challenging conditions

Raw Material & Pricing Context:

  • Natural rubber prices reached INR 300/kg in India (25-26% YoY increase)
  • Crude derivatives increased 28-35% YoY
  • Steel cord increased low double digits YoY
  • Expected Q3 raw material basket increase: mid-high single digits from Q2 levels

Strategic Updates:

  • SAP S/4HANA implementation completed for US business, ongoing for Europe and India
  • Chennai plant received CII EFI National Excellence Award for Employee Relations
  • AP plant and Kerala plant achieved Gold Level Zero Waste to Landfill Certification
  • Manufacturing transition from Enschede plant to other facilities ongoing

Additional Notes Section

  • The document includes the full transcript of the earnings conference call with analyst Q&A.
  • The company disclosed detailed financial figures and operational metrics during the call.
  • No attachments were mentioned beyond the transcript itself.