Analysts/Institutional Investor Meet/Con. Call Updates

ATL/SEC/21 August 11, 2026 The Secretary, The Secretary, National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400001. Mumbai - 400 051 Sub: Transcript of Analyst/ Investor Conference Call Dear Sirs, Pursuant to Regulation 30(6) and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a Conference Call for the analysts and investors to discuss the financial and operational performance of the Company for Q1 FY27 was held on August 7, 2026. Please find attached herewith the transcript of the aforesaid call. The same has also been placed on the website of the Company https://corporate.apollotyres.com/investors/ir-updates/ This is for your information and records. Thanking you, Yours faithfully, For Apollo Tyres Ltd. (Seema Thapar) Company Secretary & Compliance Officer Registered Office: Apollo Tyres Ltd. 3rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:investors@apollotyres.com Apollo Tyres Limited Q1 FY27 Earnings Conference Call August 07, 2026 Aniket Mhatre: Good afternoon, everyone. On behalf of Motilal Oswal Securities, I welcome you all for the Q1 FY '27 Results Conference Call of Apollo Tyres Limited. From the management side, we have with us today Mr Gaurav Kumar, Chief Financial Officer. I would now like to hand over the call to Mr Gaurav Kumar for his opening remarks, post which we will begin the question-and-answer session. Over to you, sir. Gaurav Kumar: Good afternoon, ladies and gentlemen, and thank you for joining us today. There's some glitch in my video, so I'll have to do through audio only. I welcome you all to the Apollo Tyres post results conference call. Neeraj is not able to join this call because of an urgent commitment. I'm pleased to share an update on our performance for the quarter, along with our outlook. But let me first begin with the announcement concerning myself. I had been thinking for some time to take up a new challenge and decided now that it is the appropriate time, having completed the Enschede project, which I was an integral part of over the last 18 plus months. It was an emotional decision to leave Apollo Tyres after 22 plus years career here. And as of now, I'm not sure what the future holds for me. I will figure that out over the next couple of months or so. But let's move on to the business performance and the outlook. The Q1 FY '27 proved to be a challenging quarter given the macro environment. However, we delivered a strong consolidated top line growth of 12.8% Y-o-Y, while on a sequential basis, the growth was muted. The consolidated revenue for the quarter stood at INR 74 billion with an EBITDA margin of 11.7%, down about 150 basis points year-on-year, primarily on account of RM cost pressures. On the domestic operations, I am pleased to share that we delivered our strongest year-on-year quarterly growth in the last 14 quarters. The India Operations recorded their highest ever revenue. We delivered a double-digit growth across all segments compared to the same period last year, positioning us in line with and in many segments ahead of the market performance. The revenue for the quarter was INR 54.6 billion, representing a healthy growth of 15.6% Y-o-Y and 4.3% sequentially. The growth was largely volume led. The EBITDA for the quarter stood at INR 6.5 billion, a margin of 12% compared to 13.6% in the corresponding period last year. Looking ahead, demand remains healthy across categories and channels. July already delivered a strong start, providing confidence that the momentum will carry into Q2. Raw material costs escalated sharply during Q1 by the magnitude of nearly 17%. Despite this, we largely successfully defended margins through a combination of calibrated price increases and disciplined cost control. Commodity prices are likely to remain volatile until the geopolitical situation in West Asia stabilises. Based on the current outlook, we expect raw material inflation of about 8% sequentially into Q2. In Europe, we delivered low single-digit volume growth on a Y-on-Y basis. Revenue for the quarter was EUR147 million, up 0.5% Y-o-Y. The EBITDA for the quarter stood at EUR13 million, a margin of 8.9%, lower than the previous year 10.8%. To a certain extent, there are overlap of costs as we do the Enschede closure and transition, which will go away with time. The PCR replacement segment continues to deliver healthy growth and the positive momentum is expected to sustain through the coming quarters. Some revenue was impacted as a result of Enschede plant closure transition. The Netherlands plant stopped production as planned in June 2026, and we expect the financial and operational benefits of the restructuring to start materialising from H2 of the current fiscal year. The geopolitical situation in West Asia continued to create headwinds in select international markets, leading to heightened uncertainty and cost volatility across raw materials, energy and logistics costs. We remain focused on adapting to changing market conditions while exercising prudent cost management. While the broader macroeconomic environment remains challenging, we are well positioned to sustain momentum and further accelerate growth across our India and Europe Operations. At the same time, we have maintained a strong balance sheet and continue to improve our leverage profile in spite of the current circumstances. Let me now briefly touch upon some of the strategic initiatives and key achievements delivered by the teams during the quarter. Starting with R&D, we continue to make good progress across product development and technology during the quarter. Alongside securing several OEM approvals and nominations, including for multiple EV platforms, we expanded our replacement portfolio and delivered tangible improvements in product quality and cost optimisation. We also advanced our Sustainability agenda with increased recycled material usage and process innovations. On the Digitalisation front, we continue to advance our transformation through the global S/4HANA programme and scale deployment of AI across manufacturing, where multiple use cases are now delivering tangible productivity, energy efficiency and cost benefits. On the Brand side, we continue to strengthen customer engagement across our key markets through integrated campaigns and trade initiatives. In India, our ICC Women's T20 World Cup campaign generated over 220 million consumer reach and 500 million views across digital and broadcast platforms, while dealer-led activations further enhance the market connect. Finally, Sustainability remains a key pillar of our long-term strategy. We exceeded our FY '26 environmental commitments and further strengthened our FY '30 sustainability roadmap with our continued progress earning Apollo Tyres recognition amongst India's top 30 most sustainable companies. With this, I will conclude my opening comments. Thank you all for your time. We would be happy to take your questions. Aniket Mhatre: Thank you, sir. Let's start the Q&A session. Participants who have a question, please use the raise hand icon to ask a question. The first question is from the line of Raghunandan. Raghu, please unmute your line and ask your question. Raghunandhan NL: Thank you, Aniket. Thank you, Gaurav sir, for the opportunity best wishes for future and sincerely appreciating your efforts at Apollo. Gaurav Kumar: Thank you, Raghu. Good afternoon. Raghunandhan NL: Good afternoon, sir. Starting with the questions for the India business, if you can share the growth -- volume growth, total OEM, replacement and exports. And if you can also talk about the outlook for each of the segments? Gaurav Kumar: Sure. So the volume growth across these three channels was fairly stable. Replacement was 13% OEM was 10% [Showing first 8,000 characters — download PDF for full document]