Apollo Tyres Q1 FY27 Call Transcript Released; CFO Gaurav Kumar Departs
Apollo Tyres released its Q1 FY27 earnings call transcript. CFO Gaurav Kumar announced his departure after 22 years. The company reported a consolidated revenue of ₹74 billion, up 12.8% YoY, with an 11.7% EBITDA margin. India operations revenue grew 15.6% YoY to ₹54.6 billion. Raw material costs increased 17% in Q1.
The release of a conference call transcript is routine. However, the departure of a key executive like the CFO, coupled with financial performance updates and strategic discussions, warrants a medium impact assessment as it provides insights into the company's operational and financial health and leadership changes.
The announcement is primarily a transcript release and includes a significant management change (CFO's resignation). While financial performance details are provided, the departure of a long-serving CFO introduces a neutral to slightly negative sentiment due to the uncertainty it may create.
Apollo Tyres Limited has released the transcript of its analyst and investor conference call held on August 7, 2026, to discuss the financial and operational performance for Q1 FY27. The transcript is available on the company's website.
During the call, Chief Financial Officer Gaurav Kumar announced his departure after 22 years with the company, citing a desire to take on new challenges following the completion of the Enschede project. He expressed uncertainty about his future plans.
Despite a challenging macro environment, the company reported a consolidated top-line growth of 12.8% year-on-year, with consolidated revenue at ₹74 billion and an EBITDA margin of 11.7%. This margin was impacted by a 150 basis points year-on-year decrease due to raw material cost pressures.
India operations recorded their strongest year-on-year quarterly growth in 14 quarters, with revenue reaching ₹54.6 billion, a 15.6% year-on-year increase. This growth was largely volume-led, with double-digit growth across all segments. The EBITDA margin for India operations was 12% compared to 13.6% in the previous year. Raw material costs escalated by approximately 17% in Q1, with an expected 8% sequential increase in Q2.
In Europe, the company saw low single-digit volume growth, with revenue at EUR 147 million (approximately ₹1300 crore), up 0.5% year-on-year. The EBITDA margin was 8.9%. The closure and transition of the Enschede plant are expected to yield financial and operational benefits from H2 FY27. The company is also shifting some truck radial capacity from Hungary to India.
Strategic initiatives included progress in R&D, securing OEM approvals for EV platforms, expanding the replacement portfolio, and advancing the sustainability agenda. Digitalization efforts are ongoing with the S/4HANA program and AI deployment. Marketing campaigns, including the ICC Women's T20 World Cup sponsorship, generated significant consumer reach.
Discussions also covered pricing strategies, with implemented price increases of 7-9% in India and 3-4% in Europe in Q1, and further increases planned for Q2. The company anticipates needing an additional 1-2 price increases in India to cover the full commodity inflation. The net debt to EBITDA ratio was reported at 0.4, with absolute net debt around ₹1,700 crore.
What to do with a filing like this
Apollo Tyres Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Apollo Tyres Limited. Read the original for the full detail.