High cost inflation, adverse mix induce first loss in a decade
CEAT's revenue grew ~9% YoY (-2% QoQ) to INR24.1b, but EBITDA fell 59% YoY (39% QoQ) in 3QFY22 to INR1.3b (INR2.1b est.). It incurred a first...
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Ceat Ltd: Performance Drifts Amid Rising RM Cost & Weak Volumes
Background: CEAT is one among the top four tire manufacturers in India and is a part of the RPG group. The company has a total manufacturing...
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Ceat (SELL): Endeavouring to gain market share in non-core segments
At its annual investor event, CEAT outlined plans for market share gains and capacity adds underpinned by an upbeat long-term demand outlook
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Sector Capcule: India Tyre Sector
In this note, we have reviewed the 9m-FY18 performance of the listed players in the Indian Tyre Sector.Note - This review will be followed on with...
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Truck Radialisation in India Gets a Boost From New Regulations & Improving Road Infra
Ever since Michelin first commercialized radial technology in the 1940s, it has been adopted as the standard design for all automobile tyres in...
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