CEAT expects steady demand recovery across product segments following the goods and services tax (GST) cut, said Managing Director and CEO Arnab Banerjee. The company reported 11% volume growth in quarter two and believes momentum will continue through the second half of the year and into the fiscal year 2025-26 (FY26).

Banerjee said farm and two-wheeler tyres are showing earlier improvement because demand is spread across smaller towns. “We are seeing positive traction in demand,” he said, with some pickup also visible in passenger and truck tyres.

Banerjee said commodity prices eased in quarter two and should remain stable through quarter three and quarter four. “We think it will kind of moderate to a stable situation,” he noted.

CEAT delivered 41% gross margin in quarter two, which

See Full Page