CEAT Ltd
CEAT Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
CEAT expects double-digit revenue growth for FY '26. Double-digit revenue growth is expected for FY '26, driven by OEM and replacement segments.
From CEAT Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- CEAT expects double-digit revenue growth for FY '26.
- Replacement segment volume growth is expected to continue, with higher growth in 2-wheeler and commercial vehicle segments.
- Passenger car replacement market growth is expected to remain muted but with some market share gains.
- OEM growth will taper slightly but be supported by approvals for larger-size tyres, improving volume mix in future quarters.
- International business, after a flat Q1, is expected to rebound in Q2 and subsequent quarters with visibility on order book.
- Premium segment in 4-wheelers, currently 10-11% of the market, is projected to grow to 25-30% in 3-4 years, presenting growth opportunities.
2 more points management made on revenue & sales performance
Profitability & Margins
See what CEAT Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- CEAT approved a capex plan of about INR 450 crores for the Chennai factory focused on passenger car radial (PCR) tyres. This will be spent over the next 18 to 24 months to adjust upstream capacities due to changes in tyre weights.
- Total capex guidance for FY '26 is around INR 1,000 crores, which includes maintenance capex for CEAT and Camso.
- Maintenance capex for CEAT is estimated between INR 200-250 crores, including R&D, IT, molds, and cost improvement projects.
2 more points management made on capital expenditure plans
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what CEAT Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- CEAT has complete visibility of the order book for Q2 FY '26.
- Pickup in international business orders is expected in Q2, following a flat Q1.
- The orderbook outlook for Q3 and Q4 FY '26 remains uncertain and will depend on prevailing conditions.
- The company anticipates positive order growth for the remaining quarters of the year.
CEAT Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.2K Cr, net profit ₹244 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What CEAT Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were CEAT Ltd Q1 FY26 results?
CEAT expects double-digit revenue growth for FY '26. Double-digit revenue growth is expected for FY '26, driven by OEM and replacement segments.
What is CEAT Ltd share price analysis?
CEAT Ltd currently shows a neutral. The stock trades at a P/E of 23.5 with a market cap of ₹14,981 Cr. Investors should review the full earnings analysis for detailed insights.
Is CEAT Ltd planning capital expenditure?
CEAT approved a capex plan of about INR 450 crores for the Chennai factory focused on passenger car radial (PCR) tyres.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.