CEAT Limited delivered robust financial performance in Q3FY26, demonstrating strong growth momentum across all business segments. The tyre manufacturer reported consolidated revenue of ₹4,157 crores for the quarter ended December 31, 2025, representing a significant 26% year-on-year increase.

Financial Performance Highlights

The company's financial metrics showed substantial improvement across key parameters. On a standalone basis, CEAT achieved revenue of ₹3,957 crores, marking a 20% year-on-year growth, while maintaining healthy profitability margins.

Major Capacity Expansion Initiative

CEAT announced a substantial capacity expansion plan at its Chennai plant located at Kannanthangal, Maduramangalam Post, Sripurumbudur TK, Kancheepuram. The expansion represents a strategic investment to capitalize on anticipated growth in the passenger car and utility vehicle (PCUV) segment.

Operational Performance and Market Dynamics

The company's strong performance was supported by favorable market conditions, including GST rate reductions that improved domestic market sentiment. Management highlighted opportunities emerging in international markets, contributing to the overall growth trajectory.

CEAT's nine-month performance for FY26 showed consolidated revenue of ₹11,459 crores compared to ₹9,810 crores in the corresponding period of the previous year. The company maintained its market leadership position across various tyre segments including two-wheelers, passenger vehicles, commercial vehicles, and off-highway vehicles.

Financial Impact of Regulatory Changes

The company recognized exceptional items totaling ₹58 crores during the quarter, primarily related to the implementation of new labour codes notified by the Government of India effective November 21, 2025. This provision was made based on actuarial valuation and represents incremental obligations under the new regulatory framework.

Strategic Outlook and Management Commentary

Managing Director and CEO Arnab Banerjee expressed confidence in the company's performance, stating that strong revenue growth across all segments and improved market sentiment position CEAT well for sustained momentum. CFO Kumar Subbiah emphasized that operating leverage from top-line growth led to margin improvements, while stable commodity prices supported gross margin sustainability.

The company continues to maintain its capital expenditure program to support growth initiatives, primarily funded through internal accruals. CEAT's debt levels remained stable compared to the previous quarter, reflecting disciplined financial management while pursuing expansion opportunities.

CEAT Limited has announced the appointment of Mr. Rahul Gama as Senior Vice President – Human Resources, effective January 15, 2026. The appointment was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company formally communicated the leadership change to both BSE Limited and National Stock Exchange of India Limited on January 15, 2026. The disclosure was made in compliance with regulatory requirements for changes in senior management personnel.

Professional Background

Rahul Gama brings extensive global experience to his new role at CEAT Limited. He is a seasoned HR leader with over 28 years of experience spanning multiple continents and industries. His geographical expertise covers Asia, the Middle East, Africa, the Americas, and the Indian subcontinent.

Gama's industry experience encompasses diverse sectors including Consumer Goods, Chemicals, Agri, Retail, and Services. This broad sectoral exposure positions him well to understand the varied HR challenges across different business environments.

Previous Leadership Roles

Gama's career includes significant leadership positions at prominent Indian companies. As CHRO at Pidilite Industries and Global CHRO at Godrej Consumer Products Limited, he led comprehensive people initiatives that supported workforce transformation, international expansion, and acquisition integration across multiple geographies.

His earlier positions at Godrej Agrovet, Godrej Chemicals, Marico, and Arvind International involved HR transformation, talent development, productivity improvement, and industrial relations across diverse businesses.

Core Competencies

Gama's expertise lies in managing HR functions in complex, multi-country environments. His experience includes aligning people practices with business priorities, a critical skill for organizations operating across diverse markets and regulatory environments.

Key areas of his professional focus include:

• Workforce transformation initiatives
• International expansion support
• Acquisition integration processes
• Talent development programs
• Industrial relations management
• Productivity improvement strategies

Educational Qualifications

Gama holds advanced qualifications in his field, including a Master's degree in Personnel Management and a Bachelor of Commerce in Economics. This educational foundation complements his extensive practical experience in human resources management.

The appointment reflects CEAT Limited's commitment to strengthening its leadership team with experienced professionals who can drive organizational growth and transformation in the competitive tire industry.