Neeraj Kanwar
Vice Chairman and Managing Director, Apollo Tyres
Notable Quotes
Our net debt to EBITDA ratio has significantly improved from 3.2x multiple to 0.4x in 2026 March, providing us with ample financial strength to navigate future uncertainties with confidence.
We expect to sustain and accelerate topline growth in India and Europe. Importantly, our balance sheet remains very strong and despite the turbulent macro environment witnessed over the last several years, we have continued to improve our leverage profile.
We closed Q3 with consolidated top-line growth of nearly 12% and an EBITDA margin of 15.3%.
Profitable growth continues to be our mantra, and we will continue to keep our focus on profitability, free cash flows, and on return ratios.
We are trying to vacate the 12-inch, 13-inch market, especially with the OEMs, and then going upsizing of 14, 15, 16, 17, which is where more profitability is concerned.
My mantra has been profitable growth. And therefore, we are only looking at premiumization of our PCR tires and not going down on pricing.
We are doing more analysis to see what has gone wrong and where other expenses have gone up. So, there is a direct focus on all of this.