CEAT Ltd
CEAT Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
CEAT expects strong growth across all segments with overall volume growth above 15% year-over-year. Replacement demand expected to sustain high single-digit growth through FY '27, driven by strong sentiments in farm, 2-wheeler, passenger car, and truck bus radial segments.
From CEAT Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- CEAT expects strong growth across all segments with overall volume growth above 15% year-over-year.
- Replacement segment to sustain mid- to high-single-digit growth, supported by improved sentiment post-GST rationalization.
- OEM growth driven by new vehicle entries, including EVs, especially in higher rim sizes, leading to higher capacity needs.
- International business, particularly agri and off-highway tires, to continue low-single-digit to mid-teens growth in key markets like Europe, Canada, Latin America, and Australia.
- Truck bus radials and commercial vehicle segments to grow at high single-digit to double-digit rates, with sustained demand expected for next 2-3 quarters.
- Premiumization and product innovations (foam tires, ZR-rated, run flat) expected to drive pricing and realization improvements.
2 more points from CEAT Ltd's call on revenue
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Profitability & Margins
See what CEAT Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Approved INR 1,314 crores capex for Chennai plant to add 35 lakh passenger car tire capacities, expected to complete by second half of FY 2028.
- Ongoing capex to expand passenger car tire capacity to 30,000 tires per day at Chennai, expected completion by FY 2027 Q3/Q4.
- Additional capacity expansion from 30,000 to 40,000 tires per day at Chennai planned, to complete about a year after initial expansion.
- Expansion of Nagpur factory from 80,000 to 100,000 tires per day underway.
- Total annual capex run rate around INR 1,000–1,050 crores, with potential increase due to higher volume growth.
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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
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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
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- 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 →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were CEAT Ltd Q3 FY26 results?
CEAT expects strong growth across all segments with overall volume growth above 15% year-over-year. Replacement demand expected to sustain high single-digit growth through FY '27, driven by strong sentiments in farm, 2-wheeler, passenger car, and truck bus radial 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?
Approved INR 1,314 crores capex for Chennai plant to add 35 lakh passenger car tire capacities, expected to complete by second half of FY 2028.
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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.