CEAT Q2 FY26 results: revenue up 23%, profit dips, new director appointed

Revenue growth above 20%EBITDA margin compressionExceptional itemResults View source PDF Explain this filing

CEATLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-4.6%Reaction day

₹3359.00

prior close

₹3277.10

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.2%-3.4% vs market

Tyres & Rubber Products peers, median of 15sector-0.1%-4.5% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Smallcap 250 and 4.5 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-4.6-1.2-3.4-0.1-4.5

Next day

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CEAT's standalone revenue grew 22.9% YoY to Rs. 4,548 crores in Q2 FY26, with H1 revenue up 20.6% at Rs. 8,711 crores. However, standalone Q2 PAT fell 18.8% to Rs. 164 crores and H1 PAT dropped 22.3% to Rs. 262 crores. Operating margin compressed to 10.14% from 13.69% in Q2. Exceptional items include VRS costs of Rs. 13 crores in the quarter. Board appointed Mr. Sumeet Narang (Founder and CEO of Samara Capital) as Additional Independent Director for 5 years. Limited review by B S R and Co. LLP was clean.

Likely market impact

Strong topline growth aided by Camso acquisition, but bottomline compressed on higher costs and one-off VRS charges.