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CEAT Limited is an Indian tire manufacturer established in 1958. It produces tires for various vehicles including two/three wheelers, passenger vehicles, commercial vehicles, and off-highway vehicles. The company has 6 manufacturing plants in India and one in Sri Lanka through a joint venture. CEAT's distribution network includes over 4,000 dealers and 35,000 sub-dealers. The company has expanded its production capacity with new facilities in Chennai, Nagpur, and Halol. CEAT focuses on innovation, launching numerous new products annually and establishing a European technical center in Frankfurt. The company has received quality certifications like the Deming Prize and invests in automation and digitization of its operations. CEAT also operates an e-commerce website for direct sales to customers.
In the news

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CEAT shares jump 12% post Q4 results; brokerages mixed on outlook

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The Quarter story
The two most recent quarterly results, compared side-by-side.
CEAT holds steady revenue and cuts one-off costs, but faces margin compression and rising debt levels.
Revenue grows from ₹3,529 in Q1 FY26 to ₹4,163 in Q1 FY27 — steady demand supports top line
EBITDA margin drops from 14.2% in Q4 FY26 to 8.6% in Q1 FY27 — cost pressures squeeze profits
Exceptional expenses fall from ₹329 in Q1 FY26 to ₹7 in Q1 FY27 — cleaner operations boost efficiency
Total debt rises from ₹1,814 in Q1 FY26 to ₹3,243 in Q1 FY27 — expanded financing increases leverage
Capex stabilizes at ₹293 in Q1 FY27 after a Q2 FY26 spike — major projects wrap up
Debt-to-equity ratio increases from 0.40 in Q1 FY26 to 0.65 in Q1 FY27 — higher borrowing weight on balance sheet