On a roll! CEAT shares skyrocket over 12% following Q4 earnings; key numbers to know

The company on Tuesday reported an over two-fold jump in consolidated net profit at ₹243.8 crore in the fourth quarter ended March 2026 (Q4 FY26), riding on robust growth.

The company posted a consolidated net profit of ₹98.71 crore in the corresponding quarter of the preceding fiscal, CEAT Ltd said in a regulatory filing.

Consolidated revenue from operations in the latest fourth quarter stood at ₹4,218.89 crore as compared to ₹3,420.62 crore seen in the year-ago period, it added.

Total expenses in the fourth quarter were higher at ₹3,894.87 crore as compared to ₹3,259.26 crore registered in the year-ago period.

Full fiscal year 2026 show

For the fiscal 2025-26, consolidated net profit was at ₹697.24 crore as against ₹471.37 crore seen in 2024-25, the company said.

Consolidated revenue from operations in FY26 was at ₹15,678 crore as compared to ₹13,217.87 crore in FY25, it added.

What the CEO said

Commenting on the performance, CEAT Ltd MD & CEO Arnab Banerjee said, "FY26 has been a strong year where we delivered robust growth in top line as well as in bottom line. We crossed an important milestone of ₹15,000 crore of revenue, accompanied by market share gains in replacement and OEMS."

In Q4, he said, "We delivered high growth in all segments, including international business, despite geopolitical tensions."

Looking ahead, Banerjee said, "While there is a momentum on top line, we have short-term challenges on supply chain and costs due to a steep increase in raw material cost that we intend to mitigate through pricing and strong cost management. We intend to continue expanding our capacities in line with our growth plans."

Dividend details

CEAT Ltd said its board of directors has approved a dividend of ₹35 for FY25-26, subject to approval of shareholders.

Indian tyre industry outlook

Due to strong domestic OEM, replacement tyre demand, and accelerated expansion of vehicle exports, the Indian tyre industry production volume is expected to expand approximately four times by 2047, according to an article published in September 2025.

During this period, revenue is expected to grow 12 times to ₹1,300 thousand crore industry by 2047 as per a joint report by the Automotive Tyre Manufacturers Association (ATMA) and PwC India titled, “Viksit Bharat 2047: Vision and roadmap for the Indian tyre industry”.

The sharp rise in revenue growth is attributed to a change in the tyre industry’s revenue mix, premiumization, increase in raw material prices, growing share of exports, electrification, and servitisation.

Commenting on the trends driving the growth in the tyre market, Kavan Mukhtyar, Partner and Leader – Automotive, PwC India, said, "India’s journey towards Viksit Bharat 2047 presents a huge opportunity for the tyre industry, not only to meet the aspirations of its domestic customer base but also to exponentially scale up tyre exports, especially in the commercial vehicle and passenger vehicle segments across key markets like the US and EU.

Emerging consumer trends and mobility shifts, a dynamic global business environment, and sustainability imperatives present a unique opportunity for the Indian tyre industry to transform itself and drive sustainable growth through 2047.

"Innovating at speed for global markets through advanced material engineering, finding sustainable alternatives for natural rubber, and addressing sustainability imperatives throughout the value chain will be key to unlocking growth potential for the industry. Additionally, brand strengthening in export markets and investing in digital technologies across the value chain will be essential to drive productivity and a sustained global competitive advantage," Mukhtyar added.

About CEAT Ltd

CEAT Limited is a tyre manufacturing company in India. Founded in 1924, it is owned by the Rama Prasad Goenka Group and is one of the biggest players in the Indian tyre industry.

Apart from tyres, CEAT Ltd also produces and markets tubes and flaps. Its extensive product portfolio includes tyres designed for two-wheelers, three-wheelers, four-wheelers, tractors, tippers, and trucks. The company's products reach over 110 countries.

CEAT operates across seven plants in India and Sri Lanka, employing over 8,000 people. The company runs six manufacturing plants situated in Nashik, Mumbai, Ambernath (Maharashtra), Nagpur, Halol (Gujarat), and Chennai.

They specialise in making a diverse range of tyres for various user segments. The company has strategic plans to establish two new plants: one in Maharashtra dedicated to specialty tyres and another focused on radial tyres for cars, utility vehicles, and trucks.