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Earnings Call

Ceat Earnings Call: Key Takeaways

CEAT reports strong FY26 performance with ₹15,678 Cr revenue and 13.2% EBITDA margin. Strategy shifts toward premiumization, international expansion (33% saliency goal), and integrating the CAMSO acquisition by 2028.

Why this was an Alfa AlertNot a filter event. Performance is strong but no explicit beat of prior management guidance >10% was stated.
Highlights
Revenue growth15.6% 5-year CAGR; Standalone growth 1.6x since FY22.
Margins13.2% FY26 EBITDA; focus on narrowing 1.6% gap to peers.
Demand visibilityStrong momentum in Premium PCUV and EV segments.
Management confidenceHigh; aiming for industry-leading profitability and 'Vision 2031' targets.

Growth

FY26 revenue of ₹15,678 Cr; 5-year revenue CAGR at 15.6%. Market cap CAGR at 24% (FY21-26).

Outlook

Vision 2031 targets #1 in India aftermarket 2W/4W; $1Bn CAMSO revenue potential; 350% dividend declared for FY26.

Risks

EBITDA gap to peers remains a focus area; reliance on international market expansion and brand migration success.

Source

Earnings Call filed with NSE, NSE: CEATLTD. Summary written with AI assistance from the document.

Read the document ↗

Ceat Ltd: key numbers

Share price
₹3,562.90
Market cap
₹14,412 Cr
Revenue (annual)
₹15,678 Cr
Net profit (annual)
₹698.0 Cr
P/E (TTM)
27.9×Sector 32.5×
Promoter holding
47.29%+0.00% QoQ
FII holding
13.41%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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