Ceat

Company's expansion move is linked to its decision to acquire Camso, a global leader in OHT solutions

CEAT's consolidated net profit (Bottomline) plunged 46.5 per cent year-on-year (Y-o-Y) to Rs 97.1 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 181.5 crore in Q3FY24

Ceat's consolidated PAT for Q3FY25 stood at Rs 97.1 crore, while revenue from operations came in at Rs 3,299.9 crore

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Two India-based facilities of tyre maker CEAT and FMCG major Hindustan Unilever Ltd have joined the Global Lighthouse Network of the World Economic Forum for transforming manufacturing through innovation. Announcing 17 new members to the network, the WEF on Tuesday said this community of 189 industry leaders is pioneering the use of cutting-edge Fourth Industrial Revolution technologies in manufacturing. Other new members are based in the United Arab Emirates, China, Germany, Malaysia, Saudi Arabia, Taiwan, United Kingdom, United States and newcomer Morocco, home to the first Lighthouse site in Africa. The latest cohort of Lighthouses has observed an average 53 per cent boost in labour productivity and 26 per cent reduction in conversion costs attributed to various digital solutions such as AI, machine learning, advanced analytics and more, the WEF said. On Sriperumbudur facility of CEAT Ltd, the WEF said, "To support global expansion, CEAT needed to manage three times more SKUs ..

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

The northward move in CEAT share price came after it announced that it has acquired Camso brand's Off-Highway construction equipment bias tyre and tracks business from Michelin for $225 million

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The acquisition will give tyre major access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks

Ceat reported a decline of 41.4 per cent in consolidated net profit, at Rs 121.88 crore for the September quarter, compared to Rs 208 crore, a year ago

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Earlier this month, brokerage firm Emkay Global Financial Services initiated coverage on Ceat with a 'Buy' rating and a target price of Rs 3,650

For over 8 months, CEAT has faced resistance around the 2,900 level. However, prices have now broken this range, confirming a strong 'Inverse Head and Shoulders' breakout

The installed capacity of the plant is expected to progressively reach 1,500 tyres per day in the next 12 months

CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes

Trend of the Nifty is bullish and long positions should be held with 24,875 stoploss on closing basis. On the higher side, 25,078, 25,300 and 25,500 are the next resistances.

Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth. "We would like to think that unless there are some unforeseen headwinds, the growth will be steady and positive. We would like to maintain double-digit growth in the replacement segment and international business," Banerjee told PTI. As for the company's sales to OEM, he said, "We see growth potential much ahead of 3 per cent in the passenger segment for CEAT on the basis of the model pipeline". In the first quarter of the ongoing fiscal, the company had posted good topline growth as rural demand has come back while .

The Indian tyre maker becomes official tyre partner of the football club for next 2 years

On a sequential basis, the company exhibited a 6.73 per cent increase in revenue, along with PAT, which also rose by 32.04 per cent

Crude prices, which hovered around $88 to 90 over the past three months, represent a 6 to 8 per cent increase from the previous quarter, adding further strain on manufacturers' margins