Apollo Tyres stock rises: Warburg Pincus arm offloads 4.25% stake; ICICI Prudential MF, SBI Life among buyers

Shares of Apollo Tyres were trading higher during the market session on Friday, August 28, following a block deal transaction on Thursday's market.

The company's stock was up 1.7% to touch an intraday high of ₹450.80 apiece on Friday's market, in comparison to ₹443.25 apiece at the previous equity market close on NSE.

NSE block deal data showed that private equity major Warburg Pincus divested a 4.25% stake in Apollo Tyres for ₹1,175 crore through open market transactions on Thursday.

US-based Warburg Pincus, through its arm Emerald Sage Investment Ltd, sold a total of 2,70,10,000 shares, representing a 4.25% stake in Gurugram-based Apollo Tyres, according to block deal data on the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹435 apiece, bringing the transaction value to ₹1,174.93 crore.

After the latest transaction, Emerald Sage Investment's holding in Apollo Tyres has come down to 5.68% from 9.93%.

Buyers' list

A clutch of institutional investors stepped in to buy the shares at the same price, with ICICI Prudential Mutual Fund emerging as the biggest buyer, picking up more than 1.9 crore shares, or a 3% stake in the company, for ₹829.98 crore.

SBI Life Insurance Company acquired 56.32 lakh shares for ₹245 crore, and Bajaj Life Insurance purchased 22.98 lakh shares for ₹99.96 crore.

Shares of Apollo Tyres rose marginally to close at ₹444.40 apiece on the NSE.

Apollo Tyres Q1 FY27 results

Apollo Tyres reported a multi-fold jump in consolidated net profit at ₹348.87 crore for the first quarter ended June 30, 2026 (Q1 FY27) on the back of low base effect and strong sales across market segments.

The company had posted a net profit of ₹12.88 crore a year ago, which included the net impact after tax of restructuring and impairment of the Netherlands plant amounting to $273 crore, Apollo Tyres said in a regulatory filing.

Revenue from operations in the first quarter of this fiscal year stood at ₹7,397.79 crore as against ₹6,560.76 crore a year ago. Total expenses were higher at ₹7,012.03 crore as compared to ₹6,171.15 crore.

Commenting on the company's performance in the first quarter, Chairman Onkar Kanwar said: "We delivered healthy revenue growth during the quarter, supported by robust demand across market segments and sustained high-capacity utilisation across our manufacturing network."

He further said, "While we remain mindful of the evolving macroeconomic environment, we are well-positioned to capitalise on growth opportunities while maintaining our emphasis on value creation."

About Apollo Tyres

Apollo Tyres Ltd is one of the leading tyre manufacturers in India. The company has a total of seven manufacturing units -- 5 in India and 1 each in the Netherlands and Hungary.

The company markets its products under its two global brands – Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets.

The product portfolio of the company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and retreading material and tyres.

Headquartered in Gurgaon, India, the company has a turnover of US$ 2.3 billion and ranks among the global top 20 tyre makers, as per the company's website.

In November 2015, Apollo Tyres acquired Reifencom GmbH, one of the largest tyre distributors in Germany, with both online and offline presence.

In May 2009, the company acquired Apollo Vredestein BV(originally Vredestein Banden BV) in the Netherlands, a producer of niche high end passenger car and specialty tyres, with an extensive distribution network across Europe.