Q4 2026 CEAT Ltd Earnings Call Transcript
Key Points
- Ceat Ltd (BOM:500878) reported a strong revenue growth of 18.2% year-on-year for Q4 and 15.5% for the full year on a standalone basis.
- The company achieved significant milestones, crossing INR 4,000 crore in quarterly revenue and INR 15,000 crore in annual revenue for the first time.
- International business showed robust recovery, particularly in Western Europe and the US, with high growth in passenger car tires.
- The company maintained a healthy EBITDA margin of 14.6% for Q4 and 13.4% for the full year, marking a significant improvement over the previous year.
- Ceat Ltd (BOM:500878) is actively expanding its presence in international markets, with new branches in Germany, UK, France, and Poland, and a focus on premiumization and digital transformation.
- The company faces a steep raw material price hike, with costs expected to increase by 15% in Q1, impacting margins.
- Geopolitical uncertainties, particularly in the Middle East, have severely impacted sales in that region.
- The Camso business is still in transition, with full integration expected only by the end of FY27, affecting potential revenue and margin improvements.
- High freight costs and US tariffs continue to pose challenges, particularly for the Camso business.
- The company anticipates a moderation in demand due to the planned price increases to offset raw material cost hikes, which could impact sales volumes.
Ladies and gentlemen, good day, and welcome to the CEAT Q4 and full year '26 earnings conference call hosted by JM Financial Institutional Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I will now hand the conference over to Mr. Nitin Agrawal from JM Financial Institutional Securities Limited for opening remarks. Thank you, and over to you.
Thank you, Ryan. Good afternoon, everyone. On behalf of JM Financial, I welcome you all to Q4 and full year '26 results conference call of CEAT Limited. From the management side, we have Mr. Arnab Banerjee, Managing Director and CEO; and Mr. Kumar Subbiah, Chief Financial Officer.
I would now like to hand over the call to Arnab sir, for his opening remarks. Over to you, sir.
Good afternoon, and welcome to CEAT's quarter four earnings call. I'll be taking
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