CEAT Q2 FY27 Results: Consolidated Revenue Rises 26.2% To ₹4,762 Crore As Net Profit Declines 39.8% Year-On-Year
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CEAT reported a 26.2% year-on-year increase in Q2 FY27 consolidated revenue to reach ₹4,762 crore. Net profit fell 39.8% due to higher cost of commodities and raw materials.
CEAT Limited reported consolidated revenue from operations of ₹4,762 crore in Q2 FY27. This was an increase of 26.2% from ₹3,773 crore in the corresponding quarter last year. Net profit, however, fell 39.8% to ₹112 crore from ₹186 crore.
The tyre maker reported an EBITDA margin of 9.5% for the quarter ended 30 September 2026. For the first half of FY27, consolidated revenue reached ₹9,080 crore, up 24.3% year-on-year, while net profit dropped to ₹112 crore from ₹297 crore.
The CEAT share price gained 2.03% to close at ₹3,357.90 on 14 October 2026 on the National Stock Exchange (NSE).
CEAT Q2 FY27: Key Financial Highlights
Consolidated total income stood at ₹4,767 crore, compared with ₹3,777 crore in Q2 FY26. Total expenses increased to ₹4,585 crore from ₹3,531 crore.
Profit before exceptional items and tax declined to ₹182 crore from ₹246 crore. After exceptional items of ₹13 crore, profit before tax stood at ₹169 crore, compared with ₹246 crore a year earlier. Earnings per share (EPS) for the quarter was ₹27.79.
The company recognised ₹13 crore in exceptional expenses for voluntary retirement scheme (VRS) compensation during the quarter. It had recognised ₹7 crore under this head in Q1 FY27 and no such expense in Q2 FY26.
The company also noted that the consolidated figures are not strictly comparable year-on-year because the financial results of the Camso off-highway construction equipment tyre and tracks business, acquired through a subsidiary, have been included from 1 September 2025.
What Did CEAT Management Say?
Managing Director and Chief Executive Officer Arnab Banerjee said the company recorded double-digit revenue growth for another quarter, driven by premium segments across business units. He noted that the West Asia crisis kept raw-material costs elevated, but CEAT responded through tighter cost controls and disciplined execution.
Banerjee said the company would aim for another period of double-digit growth in the second half of FY27, alongside further price increases.
Chief Financial Officer Kumar Subbiah said CEAT would continue with calibrated pricing actions and work on improving its product mix. He added that commodity-cost pressures were expected to persist into Q3 FY27.
Subbiah also said debt increased during the quarter, largely due to capital expenditure of close to ₹490 crore to expand capacity in areas with high utilisation, along with dividend payouts. The company plans to maintain fiscal discipline while investing to meet demand.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
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