CEAT MD warns war may shrink tyre demand as Hormuz closure zeroes West Asia exports
CEAT runs at 90% capacity and redirects exports after West Asia demand collapsed amid conflict. FY26 revenue topped Rs 15,000 crore with net profit up 47% to Rs 697 crore. Price hikes of 2-3% in March offset a 10% raw material rise, with further 5-6% hikes possible. Camso buy to lift exports to 24%.
CEAT MD says war-driven Hormuz closure cut West Asia demand to zero; firm redirects exports, runs at 90% capacity, hikes prices. FY26 revenue topped Rs 15,000 crore, profit up 47%. Camso acquisition to lift exports to 24%.
Why this matters
CEAT recently leaned on IPL and JioHotstar to convert decades of cricket spend into mental availability; now the MD flags geopolitical risk hitting export demand even as FY26 profit jumped 47%.
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