CEAT LTD. — Q1FY27 Earnings Call Summary

CEATLTD · Q1FY27 · Filed 20 Jul 2026

Key Takeaways

• Capex of INR 1,205 Cr approved for 53k 2-wheeler tyre capacity by FY31
• Raw material costs expected to rise 8-10% in Q2; commodity volatility linked to West Asia crisis
• Management expects demand moderation in Q2 but no sharp decline
• Q1 FY27 standalone revenue grew 18.3% y-y; consolidated revenue 22.3% y-y
• Standalone EBITDA margin contracted to 9.1% due to 15-16% raw material cost rise
• Volume growth: replacement mid-teens, OEM low teens, international ~30% y-y
• CAMSO business transitioning; current revenue ~$10m/month; margins negative due to startup costs
• Debt-to-EBITDA at 1.6x; consolidated debt INR 3,243 Cr; working capital increased due to inventory
• Multiple analyst queries on price hikes and CAMSO margins; management expects further hikes and margin normalization
• Price hikes of 7-8% replacement, 3-4% OEM, 4-5% international taken; further hikes ongoing

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.