3365.4000 11.40 (0.34%)
NSE Sep 30, 2025 15:30 PM
Volume: 94,132
 

3365.40
0.34%
ICICI Securities Limited
CEAT’s Q4FY23 EBITDA margin at 12.8% (up ~410bps QoQ) beats consensus estimate of 10.2%, mainly driven by 560bps QoQ gross margin improvement. Margin increase was driven by a decline in raw material basket cost (RMB lower by ~9% QoQ), maintaining product pricing and operational efficiencies.
Ceat Ltd. has an average target of 3906.60 from 6 brokers.
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