CEAT Limited has been assigned an ESG (Environmental, Social, and Governance) rating of 66 under the 'Aspiring' category for FY2025, the company announced in a regulatory filing dated February 17, 2026.

ESG Rating Details

The rating was assigned by NSE Sustainability Ratings and Analytics Limited on a voluntary basis. The assessment was conducted using information available in the public domain for FY2025.

Regulatory Compliance

CEAT Limited has informed both major stock exchanges about this development in compliance with regulatory requirements. The company filed the intimation under Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was addressed to:

• BSE Limited (Security Code: 500878)
• National Stock Exchange of India Limited (Symbol: CEATLTD, NCD symbols: CL26, CL30)

Corporate Communication

The regulatory filing was signed by Gaurav Tongia, Company Secretary of CEAT Limited, and submitted to the exchanges for information purposes. The document confirms that the ESG rating assignment aligns with relevant SEBI circulars and applicable rules and regulations.

ESG ratings have become increasingly important for companies as they provide stakeholders with insights into corporate sustainability practices and governance standards. The 'Aspiring' category rating of 66 reflects CEAT Limited's current position in environmental, social, and governance metrics as evaluated by the rating agency.

CEAT Limited's CAMSO division has outlined positive expectations for the upcoming quarters, with management anticipating the achievement of double-digit margins starting from Q4. This improved margin outlook is primarily attributed to the elimination of one-time transition costs that have previously affected the division's profitability.

Margin Recovery Expectations

The CAMSO division's margin improvement strategy centers on the completion of transition-related expenses that are not expected to recur. Management has indicated confidence that these one-time costs, which have impacted recent financial performance, will not affect future quarters, thereby enabling the division to achieve sustainable double-digit margins.

Commercial Vehicle Segment Outlook

The company has identified several growth drivers across different vehicle segments. In the OEM MHCV sector, CEAT anticipates a recovery phase that should contribute positively to overall business performance. The Medium and Heavy Commercial Vehicle segment represents a significant market opportunity as economic activity and logistics demand continue to evolve.

Light Commercial Vehicle Growth Projections

The Light Commercial Vehicle segment presents particularly strong growth prospects, with CEAT forecasting high double-digit growth rates. This optimistic projection reflects the expanding role of LCVs in last-mile delivery and urban logistics operations, sectors that continue to demonstrate robust demand patterns.

Three-Wheeler Market Dynamics

Three-wheeler sales are expected to experience upward momentum, driven primarily by the expanding e-commerce sector. The growth in online retail and delivery services has created increased demand for three-wheeler vehicles, which serve as essential components in urban delivery networks and last-mile connectivity solutions.

Strategic Positioning

CEAT's comprehensive approach across multiple vehicle segments positions the company to capitalize on diverse market opportunities. The combination of margin improvement initiatives in the CAMSO division and growth expectations across OEM MHCVs, LCVs, and three-wheelers reflects a multi-faceted strategy aimed at enhancing overall business performance and market presence.