CEAT targets strong FY27 growth on demand recovery
pre-market1 source ↓written by the desknot a recommendation
- company reported
- 22% YoY revenue rise
- in the June
- ₹4,318 cr
- investment for expanding
- ₹1,205 cr
CEAT anticipates strong double-digit growth in FY27, fueled by robust domestic demand post-GST rate cut and healthy rural consumption. The company reported a 22% YoY revenue rise to ₹4,318 cr in the June quarter. A ₹1,205 cr investment for expanding two-wheeler tyre production at its Nagpur plant is also underway, enhancing capacity to meet demand.
• Strong international market momentum despite West Asia disruptions
• Capacity expansion nearing full utilization at 80,000 tyres per day
• Continued bullish outlook from management
Not investment advice. For informational purposes only.