Tyre Stocks in Focus: MRF, JK Tyre, Apollo Tyres and Others Rally

Shares of tyre companies moved higher in Wednesday’s trading after strong quarterly results from CEAT Limited boosted investor confidence. The stock jumped as much as 12% during the day on heavy trading volumes.

Other tyre companies also gained:

• JK Tyre & Industries share price rose about 6%
• TVS Srichakra share price gained around 5%
• Apollo Tyres share price climbed 4%
• MRF share price advanced 3%
• Goodyear India and Balkrishna Industries share price added about 2% each

This rally happened while the broader market saw modest gains.

CEAT Q4 FY26 Performance 

CEAT reported solid growth for the January–March 2026 quarter:

• Net sales: ₹4,036 crore (up 18% year-on-year)
• EBITDA: ₹587 crore
• EBITDA margin: 14.6%
• Profit after tax: ₹284 crore

The company also announced a ₹35 per share dividend (350%) for FY26.

Management said growth was strong across all segments, including international business, even with global geopolitical challenges.

Challenges Ahead

The company expects some short-term pressure due to rising raw material costs and supply chain issues. However, it plans to manage these through price adjustments and cost control while continuing capacity expansion.

Also Read: Varun Beverages Q1 CY2026 PAT Jumps 20% YoY!

CEAT Share Price Movement

CEAT share price was trading at ₹3,720 on April 29, rising ₹203.30 or 5.78% during the day. The stock opened at ₹3,810 and touched an intraday high of ₹3,949.90 and a low of ₹3,705. The company has a market capitalisation of ₹15.01K crore and trades at a P/E ratio of 27.16. Over the past year, the stock has hit a 52-week high of ₹4,438 and a 52-week low of ₹3,000.50, while offering a dividend yield of 0.81% with a quarterly dividend amount of ₹7.53.

Conclusion

Strong quarterly results and a generous dividend helped CEAT lead a rally in tyre stocks. 

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