Page 3 - Ceat Tyres

3 tyre stocks hit new highs on breakout; charts show up to 21% upside ahead

Selective tyre stocks are displaying resilient chart structures, poised to scale higher levels from a medium-term perspective.

Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark

In the past two months, the market price of Ceat skyrocketed 50 per cent after margins expansion of the company were back to double digit in the January-March quarter (Q4FY23).

CEAT reports five-fold jump in Q4 profit on lower raw material costs

The company recommended a final dividend of Rs 12 rupees per share

Tyre stocks rally up to 8% on MRF's strong Q4 results; Apollo at 52-wk high

MRF's board has recommended a final dividend of Rs 169 (1,690 per cent) per share

Ceat looks for opportunities as world seeks alternative to China: Official

With the world looking for an alternative to China for sourcing tyres, Ceat Ltd is planning to cash in on the opportunity based on its 'value brand' positioning despite slowdown in many economies, according to company Executive Director, Finance & CFO, Kumar Subbiah. The company, which gets 20 per cent of its total revenue from exports, plans to enter the US market in the later part of the current year, following up on its entry into the European market for truck and bus radial tires last year. In the current fiscal, the company's exports have been flattish as it "took some kind of beating, largely on account of current conditions in Europe and some other countries finding it difficult to get currency to import tyres", Subbiah told PTI. However, he said, "Exports, we expect it to come back to growth path in the coming year, subject to global macroeconomic conditions permitting that kind of growth. We set ourselves ready to take advantage of any requirements. "The world is looking .

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

Better grip on future for tyre stocks: Tread on easing input cost, demand

Higher raw material prices had punctured sequential margins of major tyremakers

Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show

Going forward, the management of Ceat expects the second half of this year to be better in terms of revenue and margins because of improving domestic demand and stabilising commodity prices.

Tyremaker Ceat's Q2 net slumps 81% on higher input costs, revenue up 18.1%

Ceat's revenue from operations rose 18.1% to Rs 28.94 billion in the quarter

'Brand Aamir' in the soup over ad controversy. Can he bounce back?

Actor facing flak for ad for AU Small Finance Bank; not new to controversy, which could affect brand value, say experts

Ceat spurts ahead on demand recovery and margin expansion hopes

Stock of tyre maker was up 20% on Thursday

Ceat hits over 4-year high on healthy outlook; stock jumps 60% in 3 months

The company expects the overall tyre industry to perform well due to easing of pandemic-led curbs, pent-up demand from OEMs, and replacement segment.

CEAT aims to double outlets to 1 lakh in 2-3 years, says COO Arnab Banerjee

CEAT Ltd plans to expand its tyre sales network in places with population of 5,000-10,000 via its FMCG style of distribution, aiming to double outlets to 1 lakh in two to three years, company COO Arnab Banerjee said on Friday. The company, which has successfully partnered with kirana store operators, small automobile spare parts sellers and puncture repair shops, feels that it has more or less "saturated" penetration in places with 25,000 population in the country and there is a need to go to even lesser populated areas for its two-wheeler tyres. What started around 2011-2012 as a step to come closer to rural two-wheeler customers, who otherwise had to travel over 25 kilometres to buy replacement tyres, has now yielded good returns for CEAT, contributing around 70 per cent of its overall sales from the replacement segment, Banerjee said. "We have a total of 50,000 outlets, which we plan to double to 1,00,000 in the coming years. For that one huge operation is going on for further ..

Ceat Q4 net profit dips 84% to Rs 25 cr, revenue up by 13% at Rs 2,592 cr

Tyre major Ceat on Thursday reported an 84 per cent decline in its consolidated net profit to Rs 25 crore for the fourth quarter ended March 2022.

Demand, margin worries: A rough terrain for tyre firms till mid-FY23

The extent of the raw material risk is more for tyres as compared to others given the dependence on the crude oil derivatives.

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Tyre companies Ceat, Apollo, Continental raided in antitrust probe: Report

India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations

Tyre major CEAT reports Rs 20-crore net loss in December quarter

The company had posted a net profit of Rs 132 crore in the third quarter of the financial year 2020-21

Ceat plunges 10%, hits 9-month low post September quarter results

While the steep increase in input costs continued to put pressure on margins, there was a slight increase in debt levels as well, largely on account of higher capex and higher inventory, Ceat said.

Ceat Q2 net profit skids 77% to Rs 42 crore on higher input costs

Tyre maker Ceat Ltd on Monday reported a 77 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, impacted by higher input costs