Conference Call with Ceat Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Auto tyres & Rubber products company Ceat announced Q1FY25 results: Consolidated: On a consolidated basis, the company’s revenue closed at Rs 3,192.8 crore. EBITDA margin stood at 12.2%, a contraction of 124 bps vs Q4FY24. Net profit stood at Rs 154.2 crore. Standalone: On a standalone basis, the company’s revenue stood at Rs 3,168.2 crore. EBITDA margin stood at 12.0%, a contraction of 121 bps vs Q4FY24. Net profit stood at Rs 149.2 crore. Commenting on the results as well asthe outlook of the business, Arnab Banerjee, MD & CEO, CEAT, said, "We are encouraged by the strong growth we’ve had in the replacement and export segments across all categories during the quarter. Despite facing margin pressure from significant increases in raw material costs and ocean freight, we are actively mitigating these challenges through strategic price adjustments. Our strategic focus on premiumizing passenger car tyres has begun to yield positive results. Looking ahead, we anticipate continued momentum in volume throughout Q2 and beyond. Additionally, we are front-loading our CAPEX this year to ensure we are well-prepared to meet rising demand." Kumar Subbiah, CFO of CEAT, said, “We witnessed a good growth of ~8.8% in the topline consolidated YoY basis, largely driven by volumes. The operations margin declined during the quarter, primarily due to an increase in commodity costs and higher marketing spends, while we maintained strong controls over operating and manpower costs, ensuring efficient resource utilization and sustained financial health. We incurred a CAPEX of Rs 254 crore during the quarter, in line with our plan, largely from internal accruals.” Result PDF