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Apollo Tyres Revenue History — Quarter by Quarter

Apollo Tyres's revenue moved from ₹6,440 Cr in Q2 FY25 to ₹7,340 Cr in Q4 FY26, a 14.0% change over 5 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹7,340 Cr	+14%
Q3 FY26	₹7,740 Cr	+12%
Q2 FY26	₹6,830 Cr	+6%
Q3 FY25	₹6,930 Cr	+5%
Q2 FY25	₹6,440 Cr	+3%

What management said about revenue

Q4 FY26 · Price increases of 6-8% in India in Q1 FY27

Two rounds of price hikes implemented, with 3-5% already effective and remainder in May.

Q4 FY26 · Further price increases needed beyond 6-8%

Management indicated at least two more rounds of price hikes required to fully offset raw material inflation.

Q3 FY26 · CapEx of ₹5,800 crore for Andhra Pradesh expansion over FY27-29

Board approved ₹5,800 crore CapEx for expanding PCR and TBR capacities in Andhra Pradesh, spread over FY27-29, with growth CapEx of ~₹2,000 crore in FY27.

Q3 FY26 · A&P spend to normalize to 2.5% of sales

A&P spend as a percentage of sales will increase to about 2.5% in a normalized scenario, up from ~2% historically, to drive top-line growth.

Q2 FY26 · H2 revenue growth to sustain or improve

Management expects Q3 revenue growth to be at least at Q2 levels, driven by GST benefits and brand investments.

Q2 FY26 · India replacement demand to grow mid-to-high single digits

Replacement demand expected to improve from current low levels to mid-to-high single digit growth.

Q3 FY25 · Q4 replacement demand momentum to continue

Management expects healthy replacement demand momentum in Q4, with signs of further pickup beyond current levels.

Q3 FY25 · No price hikes planned in near term

Given market situation, no price increase is planned in the near term; will continue to assess.

Q2 FY25 · India replacement volume double-digit growth for full year

Management expects double-digit growth in TBR and PCR replacement segments for FY25.