CEAT Limited , a leading Indian tyre manufacturer, has announced robust financial results for the second quarter of fiscal year 2025-26. The company reported consolidated revenue of Rs. 3,772.70 crore, marking a significant 14.2% year-on-year increase.

Financial Highlights

Consolidated Performance

• Revenue: Rs. 3,772.70 crore (up 14.2% YoY)
• EBITDA margin: 13.5%
• Net profit: Rs. 185.70 crore

Standalone Performance

• Revenue: Rs. 3,701.10 crore (up 12.2% YoY)
• EBITDA margin: 13.7%
• Net profit: Rs. 202.20 crore

Key Developments

1. CEAT completed the acquisition of Camso brand's Off-Highway construction equipment tyre and tracks business on September 1, 2025, for $225 million through its subsidiary CEAT OHT Lanka (Private) Limited.

2. The company launched SecuraDrive CIRCL, India's first passenger car tyre with up to 90% sustainable materials.

3. Two new directors were appointed:

   • Mr. Apurva Chandra as Non-Executive Independent Director for a five-year term
   • Mr. Paras K. Chowdhary as Non-Executive Non-Independent Director

4. CEAT was recognized as 'Great Indian ESG Organisation of the Year (Manufacturing)' at the ESG & Cleantech Summit and Awards 2025.

Management Commentary

Mr. Arnab Banerjee, MD & CEO of CEAT Limited, commented on the results: "We have maintained strong double-digit growth this quarter, with revenue rising by approximately 12%. One of the key developments in this quarter has been reduction in GST rates on tyres and vehicles, which we hope will have positive impact on demand across domestic categories. We have also been excited with Camso fully integrating into the CEAT family effective Sept, marking a significant milestone in our global premiumisation strategy."

Mr. Kumar Subbiah, CFO of CEAT Limited, added: "Overall, Q2 has been a strong quarter for us, marked by topline growth and expansion of margins. Our debt has increased largely due to acquisition of Camso's assets and the payout of dividends. Our balance sheet continues to be healthy even after the increase in debt level and well-positioned to provide necessary capital to support future growth."

The company's focus on sustainability and innovation, coupled with strategic acquisitions and strong financial performance, positions CEAT well for continued growth in the coming quarters.

CEAT Limited , a leading Indian tyre manufacturer, has announced robust financial results for the second quarter, demonstrating significant growth and improved profitability.

Key Financial Highlights

• Consolidated revenue rose to Rs. 3,772.70 crore, marking a 14.2% year-over-year increase
• EBITDA margin expanded to 13.5%, up 240 basis points from the same quarter last year
• Net profit surged to Rs. 185.70 crore, reflecting a 52.9% year-over-year growth

Performance Breakdown

CEAT's strong performance was driven by healthy volume growth, particularly in the OEM and International Business segments. The company's OEM volume growth was bolstered by robust performance across all key segments, with festive inventory demand acting as a strong tailwind.

The financial results showcase CEAT's resilience and strategic positioning in the market:

Management Commentary

Arnab Banerjee, MD & CEO of CEAT Limited, commented on the results, stating, "We have maintained strong double-digit growth this quarter, with revenue rising by approximately 12%. One of the key developments in this quarter has been reduction in GST rates on tyres and vehicles, which we hope will have positive impact on demand across domestic categories."

Banerjee also highlighted the integration of Camso into the CEAT family, marking a significant milestone in the company's global premiumisation strategy. Looking ahead, he expressed optimism about maintaining double-digit growth in the second half of the year.

Financial Position

CEAT's balance sheet remains robust, with a debt-to-equity ratio of 0.64x. The company's CFO, Kumar Subbiah, noted that while debt has increased due to the acquisition of Camso's assets and dividend payouts, the balance sheet continues to be healthy and well-positioned to support future growth.

Operational Highlights

• Awarded the Sustainability Certificate in the Progressive Category by the Confederation of Indian Industry (CII)
• Recognized as the "Great Indian ESG Organisation of the Year (Manufacturing)" at ESG & Cleantech Summit and Awards 2025
• Launched SecuraDrive CIRCL – India's first passenger car tyre with up to 90% sustainable materials

Outlook

With a positive growth momentum and strategic initiatives in place, CEAT appears well-positioned to capitalize on market opportunities. The company's focus on sustainability and innovation, coupled with its strong financial performance, suggests a promising outlook for the remainder of the fiscal year.

Investors and market observers will likely keep a close watch on CEAT's performance in the coming quarters, particularly in light of its recent acquisition and ongoing efforts in sustainable manufacturing practices.