Tyre manufacturer CEAT Ltd recorded a 46.48% decline in consolidated net profit for the third quarter ending December 31, reporting ₹97.03 crore. The decline was attributed to elevated raw material costs, the company stated in a regulatory filing. In the same period last year, CEAT had posted a net profit of ₹181.28 crore. Consolidated revenue from operations increased to ₹3,299.9 crore compared to ₹2,963.14 crore in the year-ago quarter.
Total expenses rose to ₹3,175.58 crore, up from ₹2,738.53 crore a year earlier. The cost of materials consumed increased significantly to ₹2,116.52 crore, compared to ₹1,694.91 crore in the previous year’s corresponding quarter.
Managing Director and CEO Arnab Banerjee noted, “While rising raw material costs affected margins, we managed to offset part of the impact through selective price increases during the quarter.” Banerjee highlighted that strong double-digit revenue growth was largely driven by the replacement segment.
Looking ahead, he said, “Demand remains steady, and our order book is healthy across all segments. Raw material prices are expected to remain stable in Q4, and we anticipate the growth momentum to continue.” CEAT Ltd, a flagship company of the RPG Group, is one of India’s leading tire manufacturers, renowned for its high-performance and durable products.
Established in 1958, CEAT offers a wide range of tires catering to various segments, including two-wheelers, passenger cars, commercial vehicles, trucks, buses, and off-the-road (OTR) applications. The company is recognized for its focus on innovation, safety, and sustainability, with a strong emphasis on developing energy-efficient and environmentally friendly tire solutions. CEAT’s state-of-the-art manufacturing facilities and robust distribution network ensure its presence in both domestic and international markets. Guided by a commitment to delivering superior quality and enhancing the driving experience, CEAT continues to be a trusted name in the global tire industry.
