CEAT share price: The shares of tyre-maker CEAT jumped approximately 12 per cent after the company posted its Q4 results, along with a dividend. CEAT Limited reported strong results for Q4 FY26, with profit rising to Rs 243.8 crore compared to Rs 99.49 crore in Q4 FY25. Revenue increased to Rs 4,219 crore from Rs 3,421 crore, while EBITDA grew to Rs 592.8 crore from Rs 388.12 crore. The company’s EBITDA margin improved to 14.1 per cent from 11.3 per cent year-on-year, and it has recommended a dividend of Rs 35 per share.
Speaking about the company’s performance in the fourth quarter, CEAT CEO and MD Arnab Banerjee said that the company delivered high growth in all segments, including international business, despite geopolitical tensions.
“Looking ahead, while there is a momentum on top line, we have short-term challenges on supply chain and costs due to steep increase raw material cost that we intend to mitigate through pricing and strong cost management. We intend to continue expanding our capacities in line with our growth plans,” he added.
The brokerage firm, Emkay, has downgraded the stock to a reduce from a buy, setting a target price of Rs 3,600, which implies a downside of about 0.7 per cent. Here are the reasons for the downgrade:
The brokerage firm, Nuvama, downgraded the stock to a hold rating from buy, reducing the target price to Rs 3900 from Rs 4500. The firm highlighted the following reasons:
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
