ScoutQuest14 Oct 2026
Ceat500878Quarterly results

CEAT Q2 FY27: revenue up 26.2% YoY to Rs. 4,762 Cr as raw material costs squeeze EBITDA margin to 9.5%

Q2 FY27 revenue Rs. 4,762 Cr, up 26.2% YoY; EBITDA margin 9.5%, down 403 bps YoY; PAT Rs. 112 Cr, down 39.6% YoY.

By ScoutQuest · · 1 min read

Q2 FY27 Revenue from Operations
Rs. 4,762 Cr, up 10.3% QoQ and 26.2% YoY
EBITDA Margin
9.5% margin, down 403 bps YoY
PAT
Rs. 112 Cr, down 39.6% YoY
Period
Q2 FY27
Positioning
CEAT describes itself as one of India's leading tyre manufacturers in the RPG Group, with Rs. 15,678 Cr FY26 revenue, 61k+ touchpoints and 50+ OEM relationships.

📉 Consolidated Q2 FY27 revenue from operations was Rs. 4,762 Cr, up 10.3% QoQ and 26.2% YoY; H1 FY27 revenue was Rs. 9,080 Cr, up 24.3%. EBITDA was Rs. 452 Cr at a 9.5% margin versus 13.5% a year earlier, and PAT fell 39.6% YoY to Rs. 112 Cr.

📉 The company attributes the YoY margin contraction mainly to raw material cost pressure: it says the RM basket rose by a high single digit sequentially and gross margin contracted 635 bps YoY, though it expanded 66 bps QoQ.

🌍 Management states that realization growth was led by price hikes across segments and that international business grew on both QoQ and YoY bases. Standalone H1 FY27 market mix is 50% replacement, 30% OEM and 20% exports.

🏭 Debt rose to Rs. 3,846 Cr with D/E at 0.77x and Debt/EBITDA at 1.93x, against quarterly capex outflow of ~Rs. 493 Cr and a ~Rs. 258 Cr rise in net working capital.

More numbers
  • Revenue, FY26Rs. 15,678 Cr
  • Consolidated revenue from operations, Q2 FY27Rs. 4,762 Cr
  • Revenue growth YoY, Q2 FY27+26.2%
  • EBITDA margin, Q2 FY279.5%
  • Consolidated EBITDA, Q2 FY27452 (Rs. Cr)
  • Consolidated PAT, Q2 FY27112 (Rs. Cr)
  • Consolidated PAT change YoY, Q2 FY27-39.6%
  • Consolidated revenue, 6M FY279,080 (Rs. Cr)
  • Debt, Q2 FY27Rs. 3,846 Cr
  • Capex outflow, Q2 FY27~Rs. 493 Cr
  • Standalone PAT, Q2 FY27164 (Rs. Cr)
Source: BSE · 14 Oct 2026

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