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CEAT Ltd

Q1 FY27Auto Components

CEAT Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹3,401
Market cap₹14.0K Cr
P/E22.0
Updated23 Sept 2026
Read5 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

CEAT's international turnover, including CAMSO, was around 23%; stand-alone was about 20%, with expectations to grow in FY '28. CAMSO business margins are currently negative due to low volumes, setup costs, and transition phase but expected to improve in H2 FY '27 as customer control normalizes and scale increases.

From CEAT Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • CEAT's international turnover, including CAMSO, was around 23%; stand-alone was about 20%, with expectations to grow in FY '28.
  • Current CAMSO run rate at customer prices is about $10 million per month (~$120 million annually), expected to increase as full customer control is achieved in H2 FY '27.
  • CAMSO's revenue growth will accelerate in H2 FY '27 as direct customer handling begins, with prospects for further growth in FY '28 and FY '29, though OEM recovery will take longer.
  • CEAT stand-alone volume growth in Q1 was 13-14% year-on-year.
  • Replacement market price hikes (totaling ~11% so far with more planned) aim to support volume growth despite raw material cost pressures.
  • Premium segment (17-inch+ tyres) volumes grew 100% in replacement; 2-wheeler premium portfolio also saw strong growth.

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

Capex planned
  • Board approved a capex of about INR 1,205 crores for setting up additional 53,000 2-wheeler tire capacity, over and above the capacity already under implementation at Nagpur (Page 8).
  • This capacity addition will be progressively implemented by FY 2031 in stages (Page 8).
  • Capex for FY 2027 is planned in the range of INR 1,300 crores to INR 1,400 crores, including all capacity additions such as the new 2-wheeler capacity (Pages 7, 13).
  • Capex will be funded through a mix of debt and internal accruals, with continued focus on monitoring leverage levels to maintain a strong balance sheet (Page 8).

2 more points management made on capital expenditure plans

Top-ranked in Auto Components

Ranked on what management guided this quarter

5x potential
1Divgi Torq
Rev 1Mar 3
2OBSC Perfection
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 1
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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

The provided document does not explicitly mention the current or expected order book or pending orders for CEAT Limited as of the date July 17, 2026. Key highlights related to business outlook include: - CEAT's CAMSO segment is in a transition phase, with full control over customers expected by Q3 FY '27, which will potentially increase revenue and margins in H2 and beyond. - Current revenue run rate for CAMSO is about $10 million per month (~$120 million annually). - CEAT anticipates growth in CAMSO revenue in FY '28 with better customer control and OEM program recovery.

2 more points management made on order book & pipeline

CEAT Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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

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Frequently Asked Questions

What were CEAT Ltd Q1 FY27 results?

CEAT's international turnover, including CAMSO, was around 23%; stand-alone was about 20%, with expectations to grow in FY '28. CAMSO business margins are currently negative due to low volumes, setup costs, and transition phase but expected to improve in H2 FY '27 as customer control normalizes and scale increases.

What is CEAT Ltd share price analysis?

CEAT Ltd currently shows a below-average growth signal. The stock trades at a P/E of 22.0 with a market cap of ₹14,032 Cr. Investors should review the full earnings analysis for detailed insights.

Is CEAT Ltd planning capital expenditure?

Board approved a capex of about INR 1,205 crores for setting up additional 53,000 2-wheeler tire capacity, over and above the capacity already under implementation at Nagpur (Page 8).

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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.