CEAT Ltd
CEAT Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY '27 expected to see moderation in certain segments due to price hikes (e.g., truck bus radial replacement demand to moderate to low single digits but not degrowth). FY '27 outlook indicates near-term headwinds from input cost inflation but structural demand drivers remain strong, supporting future growth.
From CEAT Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '27 expected to see moderation in certain segments due to price hikes (e.g., truck bus radial replacement demand to moderate to low single digits but not degrowth).
- PCR replacement growth expected to gradually improve from 1-2% to around 3-5%.
- 2-wheeler replacement growth to remain in single to high single digits despite possible moderation from price increases.
- CAMSO business turnover expected to ramp up in second half of FY '27, with margins improving by FY '28 as upstream manufacturing is brought in-house.
- OEM demand growth to normalize to single digits; aftermarket for CAMSO expected to grow faster in second half FY '27.
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
- Standalone capex for FY '27 is estimated at INR1,300 to INR1,400 crores to ensure adequate capacities for demand, up about 25% from INR1,076 crores in FY '26.
- Initial capex in Q1 FY '27 will be cautious (INR200-250 crores), with scaling up expected in later quarters as conditions normalize.
- Additional capex of around $25-30 million (~INR200+ crores) planned for CAMSO upstream facility, especially mixers and calenders, mostly to be spent in FY '27.
- CAMSO capex forms part of the earlier business case; about three-quarters expected to be spent in the current year.
2 more points from CEAT Ltd's call on capex
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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
- Current quarter order visibility, including imports, is reasonable based on inventory and raw materials ordered.
- Raw material cost increase expected at about 15% in Q1; actual replacement cost may be higher.
- Price increases planned: around 5% taken between March-April; additional 5% staggered through May-June, totaling a 10% replacement price hike.
- OEM price hikes lag, with a low single-digit increase on April 1 and a larger hike expected July 1, indexed to raw material costs.
- International business price hikes totaling up to 10% progressively passing through over 30-45 days.
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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 →
- Q1 FY26 earnings call analysis →
- Q4 FY25 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 Q4 FY26 results?
FY '27 expected to see moderation in certain segments due to price hikes (e.g., truck bus radial replacement demand to moderate to low single digits but not degrowth). FY '27 outlook indicates near-term headwinds from input cost inflation but structural demand drivers remain strong, supporting future growth.
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?
Standalone capex for FY '27 is estimated at INR1,300 to INR1,400 crores to ensure adequate capacities for demand, up about 25% from INR1,076 crores in FY '26.
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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.