Ceat Ltd (NSE:CEATLTD)

Q3 2026 CEAT Ltd Earnings Call Transcript

Jan 20, 2026 / 10:30AM GMT

Release Date Price: ₹3711.6 (-4.42%)

Transcript

Key Points

Positve

Ceat Ltd (BOM:500878) reported a strong Q3 FY26 with a 20% year-on-year growth on a stand-alone basis.
The company achieved a milestone by crossing INR 4,000 crore in revenue for the first time in a quarter.
International business grew in the 20s due to improved channel access in several geographies.
The company maintained a strong market position in the OEM PCUV EV segment with a 30% plus share.
Ceat Ltd (BOM:500878) is committed to sustainability, partnering with CleanMax to develop renewable energy projects.

Negative

The company's stand-alone gross margin contracted by about 109 basis points quarter-on-quarter due to increased input costs.
US tariff headwinds persisted, impacting growth in the international business segment.
The transition of the Camso business incurred onetime costs, affecting margins.
Natural rubber prices and INR depreciation are expected to impact raw material costs by 1% to 1.5% in the coming quarters.
Sri Lankan operations faced challenges due to Cyclone Ditwah and intensified local competition.

Operator

Ladies and gentlemen, good day and welcome to the CEAT Q3 FY25 conference call hosted by Equirus Securities Private Limited. (Operator Instructions)

I now hand the conference over to Mr. Mihir Vora from Equirus. Thank you and over to you, Mr. Mihir.

Mihir Vora

Equirus Securities Pvt Ltd - Analyst

Yeah. Thanks, Rutuja. So good afternoon, everyone. On behalf of Equirus Securities, I welcome you all to the Q3 FY26 Post Results Conference Call of CEAT Limited. From the management side, we have with us Mr. Arnab Banerjee, MD and CEO; and Mr. Kumar Subbiah, our CFO.

So without further ado, I now hand over the call to the management for the opening remarks. Over to you, sir.

Arnab Banerjee

CEAT Ltd - Chief Executive Officer, Managing Director, Executive Director

Good afternoon, everybody and Happy New Year to you and all your near and dear ones. Welcome to CEAT's Q3 '26 earnings call. I will be taking you through the business updates for the quarter and then I shall hand over to Kumar for his remarks

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.