Apollo Tyres' Q4 FY25 consolidated revenue increased by 2.6% year-on-year to ₹64,236 million.
EBITDA decreased by 18.5% year-on-year to ₹8,374 million, with EBITDA margin at 13.0%.
FY25 consolidated revenue stood at ₹261,234 million, a 2.9% increase year-on-year.
FY25 EBITDA was ₹35,715 million, a decrease of 19.7% year-on-year, with a margin of 13.7%.
In India, Q4 FY25 revenue grew by 4.4%. The company registered growth in the replacement segment, offset by flat OE volumes and a double-digit decline in exports.
Focus on product premiumization continued, with the highest-ever Vredestein volumes in Q4 FY25.
The OEM segment volumes remained soft, with CV OEM performance impacted by product mix (higher sales of buses).
EBITDA margin in India dropped (-435 bps YoY) due to steep raw material inflation (+11% YoY).
In Europe, Q4 FY25 revenue was €176 million, with an EBITDA margin of 14.3%.
PCT segment volume growth was lower than overall industry growth due to capacity constraints at Hungary for non-UHP sizes.
UHP mix for the quarter stood at 48%, higher than the same quarter last year.
Expect operating performance in Europe to recover with additional capacity and focus on sales mix improvement and cost optimization.
Net Debt reduced from ₹39 billion in March 2024 to ₹34 billion in March 2025.
FY25 capex was below guidance to keep a check on profitability.