Headquartered in Haryana's Gurugram, Apollo Tyres Ltd is a leading tyre manufacturer in India. The company is involved in manufacturing and selling tyres and tubes in India. It has four manufacturing facilities in India, and one each in the Netherlands and Hungary.
The company markets its products in over 100 countries globally under the brands– Apollo and Vredestein. Their product portfolio includes a range of bicycles, two-wheelers, passenger cars, SUVs, MUVs, light trucks, truck buses, agriculture industrial speciality, and off-the-road tyres.
With a turnover of $2.3 billion, Apollo ranks among the top 20 tyre makers globally.
Business operations
Apollo Tyres Ltd was incorporated in 1972. It started with production at its plant in Kerala. Two decades later, the company's second manufacturing facility came up in Gujarat. The year 1995 saw the firm making its first acquisition as it took over the business of Premier Tyres at Kalamassery in Kerala. Next year, Apollo commissioned an exclusive tube plant in Maharashtra.
In 2003, the company teamed up with Michelin France to set up a joint venture – Michelin Apollo Tyres Pvt Ltd for producing dual-branded trucks and bus radial tyres.
During FY 2005-06, Apollo incorporated a wholly owned subsidiary company Apollo (Mauritius) Holdings Pvt Ltd in Mauritius.
Amidst the new subsidiaries being set up, Apollo exited their joint venture company Michelin Apollo Tyres (P) Ltd.
In 2006, Apollo acquired Dunlop Tyres International (Pty) Ltd South Africa.
The company opened their first full-service branded commercial vehicle tyre outlet– Apollo Trust– in Tamilnadu in 2008.
In 2011, Apollo Tyres announced the launch of India’s only full-service outlet for commercial vehicles, Apollo Commercial Vehicle (CV) Zone in Delhi. The same year, the company entered into the Sri Lanka market through a tie-up with Ideal Motors.
Apollo Tyres set up its global R&D centre in Enschede in the Netherlands in 2013. This facility came up as a hub for the development and testing of car and van tyres for all product brands.
Apollo Tyres took over Cooper Tire & Rubber Company through its subsidiary in an all-cash deal. Founded in 1914, Cooper was a manufacturer of premium and mid-tier tyres through brands like Cooper Mastercraft Starfire Chengshan Roadmaster and Avon.
The next year, Apollo made its entry into the Qatar market. Apollo Tyres also acquired Reifencom GmbH, one of the largest tyre distributors in Germany for €45.6 million in 2015.
Apollo Tyres market capitalisation stands at over ₹27,000 crore as of December 22, 2023. Apollo Tyres' share price has surged over 140% in the last three years.
Apollo Tyres Financial Highlights
- Revenue: Apollo Tyres reported revenue of ₹28,604.01 crore in FY26 vs ₹26,211.52 crore in FY25. It showed an increase of 9.13% on a yearly basis.
- Operating Profit: Apollo Tyres reported an operating profit of ₹1,309.20 crore in FY26 vs ₹1,546.64 crore in FY25. It showed a decrease of 15.35% on a year-on-year basis.
- Net Profit: Apollo Tyres reported a net profit of ₹1,372.42 crore in FY26 vs ₹1,121.32 crore in FY25. It showed an increase of 22.39% on a yearly basis.
Apollo Tyres Quarterly Result Highlights
- Apollo Tyres reported revenue of ₹7,456.12 crore in Jun 2026, compared with ₹7,370.89 crore in Mar 2026, representing an increase of 1.16% on a quarter-on-quarter (QoQ) basis.
- Apollo Tyres reported an operating profit of ₹467.69 crore in Jun 2026, compared with ₹161.65 crore in Mar 2026, representing an increase of 189.32% on a quarter-on-quarter (QoQ) basis.
- Apollo Tyres reported a profit of ₹348.87 crore in Jun 2026, compared with ₹630.97 crore in Mar 2026, reflecting a decrease of 44.71% on a QoQ basis.
- The earnings per share (EPS) of Apollo Tyres stood at ₹21.66 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
