CEAT MD: Demand Improving, Margins Steady; Targets Double-Digit Growth

• CEAT MD Arnab Banerjee reports improving demand across segments, particularly farm and two-wheeler tyres, with some pickup in passenger and truck tyres.
• The company achieved 11% volume growth in Q2 and expects continued momentum, aiming for consistent double-digit growth.
• Gross margins held steady at 41% in Q2, within the comfortable 40-42% range, supported by stable commodity prices.
• The Campso acquisition is projected to boost international revenue share from 19-20% to 24-25%, enhancing profitability.
• CEAT maintains controlled leverage ratios, actively seeks expansion opportunities, and operates with over 80% capacity utilization.

Why It Matters: CEAT's positive outlook signals broader economic recovery and investment potential.