CEAT Limited reported robust financial performance for Q2 FY26, driven by strong domestic demand, product mix optimisation, and the strategic integration of Camso’s construction equipment tyre business. The Board approved key financial results, director appointments, and committee changes while reaffirming the company’s financial health and ESG commitments.
CEAT posted consolidated revenue of ₹3,77,265 lakh in Q2 FY26, reflecting a 14.2% YoY growth. EBITDA margin stood at 13.5%, up 240 basis points YoY, supported by a 414 bps QoQ rise in gross margins to 40.9% due to better raw material cost management.
Profit before tax stood at ₹24,643 lakh, and PAT at ₹18,571 lakh, with an EPS of ₹45.98. Total comprehensive income reached ₹22,460 lakh. Debt stood at ₹2,94,400 lakh, with a D/E ratio at 0.64x and Debt/EBITDA at 1.80x.
Standalone revenue rose to ₹3,70,111 lakh, up 12.2% YoY. The EBITDA margin was higher at 13.7%, and PAT stood at ₹20,223 lakh. H1 FY26 standalone revenue reached ₹7,22,181 lakh with PAT of ₹33,758 lakh and CFO of ₹93,538 lakh. Capex and investments, including in CEAT OHT Lanka, led to cash outflows of ₹1,62,584 lakh in H1.
The $225 million acquisition of Camso's tyre and track business was completed on September 1, 2025, via CEAT OHT Lanka. The parent infused ₹27,398 lakh in equity and ₹71,034 lakh asa loan. The acquisition is expected to strengthen CEAT’s global off-highway tyre portfolio. The company also launched ESOP 2025 and formed the CEAT Employees Welfare Trust, which acquired 70,000 shares during the quarter.
Read More:IREDA Q2FY26 Earnings Results Out: Share Price Jumps Nearly 4%!
The Board appointed Apurva Chandra as an Independent Director and Paras K. Chowdhary as a Non-Executive Director. Committee reconstitution was announced effective October 18, 2025. A revised Policy on materiality of events will be hosted online. The Security Cover Certificate confirmed secured NCD coverage above 125%, complying with SEBI norms.
CEAT’s revenue mix in H1 FY26 was Replacement 52%, OEM 29%, and Exports 19%. Product mix was balanced across T&B, 2/3W, PC/UV, and OHT segments. ESG focus remains strong, with 35% renewable energy use, 30% sustainable materials, and the launch of SecuraDrive CIRCL tyre using up to 90% sustainable inputs. CEAT remains committed to SBTi Net-Zero goals.
On October 17, 2025, CEAT share price opened at ₹3,710.00 on NSE, above the previous close of ₹3,699.00. During the day, it surged to ₹3,775.00 and dipped to ₹3,655.90. The stock closed at ₹3,732.40 by the end of the day. The stock registered a moderate gain of 0.90%.
Over the past week, it has moved up by 4.30%, over the past month, it has moved up by 8.48%, and over the past 3 months, it has declined by 2.27%.
CEAT’s Q2 FY26 results reflect strong operational execution, margin resilience, and strategic expansion through the Camso acquisition. With positive sector tailwinds and a disciplined financial approach, the company is poised for continued growth in H2 FY26, supported by strong ESG initiatives and a robust governance framework.
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Published on: Oct 17, 2025, 4:19 PM IST
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