Ceat eyes strong double-digit FY27 growth on domestic demand, plans ₹1,205 cr Nagpur capex
Ceat MD Arnab Banerjee flagged bullish domestic demand post-GST cut and robust exports despite West Asia disruptions. Q1 revenue hit ₹4,318 crore, up 22% YoY. The company is investing ₹1,205 crore to expand two-wheeler tyre capacity at Nagpur, adding 53,000 tyres/day, with margins expected to improve in H2.
Ceat expects strong double-digit FY27 growth on bullish domestic demand post-GST cut and robust exports despite West Asia disruptions. It is investing ₹1,205 crore to expand two-wheeler tyre capacity at Nagpur, with margins seen improving in H2.
Why this matters
Ceat is pairing 22% YoY Q1 revenue growth of ₹4,318 crore with a ₹1,205 crore Nagpur capex, signaling confidence in domestic demand and two-wheeler tyre expansion ahead of FY27.
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