Page 5 - Ceat Tyres

CEAT aims to double outlets to 1 lakh in 2-3 years, says COO Arnab Banerjee

CEAT Ltd plans to expand its tyre sales network in places with population of 5,000-10,000 via its FMCG style of distribution, aiming to double outlets to 1 lakh in two to three years, company COO Arnab Banerjee said on Friday. The company, which has successfully partnered with kirana store operators, small automobile spare parts sellers and puncture repair shops, feels that it has more or less "saturated" penetration in places with 25,000 population in the country and there is a need to go to even lesser populated areas for its two-wheeler tyres. What started around 2011-2012 as a step to come closer to rural two-wheeler customers, who otherwise had to travel over 25 kilometres to buy replacement tyres, has now yielded good returns for CEAT, contributing around 70 per cent of its overall sales from the replacement segment, Banerjee said. "We have a total of 50,000 outlets, which we plan to double to 1,00,000 in the coming years. For that one huge operation is going on for further ..

Ceat Q4 net profit dips 84% to Rs 25 cr, revenue up by 13% at Rs 2,592 cr

Tyre major Ceat on Thursday reported an 84 per cent decline in its consolidated net profit to Rs 25 crore for the fourth quarter ended March 2022.

Demand, margin worries: A rough terrain for tyre firms till mid-FY23

The extent of the raw material risk is more for tyres as compared to others given the dependence on the crude oil derivatives.

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Tyre companies Ceat, Apollo, Continental raided in antitrust probe: Report

India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations

Tyre major CEAT reports Rs 20-crore net loss in December quarter

The company had posted a net profit of Rs 132 crore in the third quarter of the financial year 2020-21

Ceat plunges 10%, hits 9-month low post September quarter results

While the steep increase in input costs continued to put pressure on margins, there was a slight increase in debt levels as well, largely on account of higher capex and higher inventory, Ceat said.

Ceat Q2 net profit skids 77% to Rs 42 crore on higher input costs

Tyre maker Ceat Ltd on Monday reported a 77 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, impacted by higher input costs

As demand recovers, Ceat lines up investments to scale up production

Tyre major Ceat is aiming at increasing production capacity to around 1,400 tonne a day over next18 months as it looks to cater to enhanced demand in both domestic and export markets

Tyre industry seeks raw material partners to unleash growth

India's tyre sector is seeking effective collaboration with raw material partners to harness its potential, industry body Automotive Tyre Manufacturers Association (ATMA) said.

Higher capex spends likely to impact tyre maker Ceat's return ratios

Muted near term outlook given raw material costs, lower demand

CEAT, HUL: These 5 stocks can rally up to 15% on conquering MACD hurdle

Any move below the zero line is inferred as a bearish signal where prices are expected to fall further.

Amid rise in raw material costs, margin pressures to weigh on tyre stocks

Tyre companies may not be able to fully pass on the surge in raw material costs

Ceat posts three-fold jump in standalone net profit in March quarter

Tyre maker Ceat Ltd reported a nearly three-fold increase in standalone net profit to Rs 141.84 crore in the March quarter of the previous financial year

CEAT Tyres aims to make deeper inroads into smaller towns and cities

To double Ceat Shoppes to 600 in 2 years as demand for personal vehicles gains traction

Surprise amid pandemic: Firms across sectors beat Q2 earnings expectations

Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22

Restricted imports bode well for tyre companies: CEAT's Anant Goenka

The RPG flagship is riding high on a strong order book, will go ahead with investment plans to ramp up production to meet the domestic and export needs

How Salesforce is helping enterprises bond with customers amid pandemic

The San Francisco-based customer-management software maker is providing AI and ML for a variety of enterprises, from tyre makers, adhesives manufacturers to sports apparel and footwear firms

MRF, CEAT, JK Tyre: Should you bet on tyre stocks? Here's what charts say

JK Tyre was trading over 8 per cent higher after the company reported a strong operational performance for the September quarter.

Nifty is headed towards 11,800, says Vinay Rajani of HDFC Securities

Support for the Nifty is shifted up to 11,400, which should be kept as a stop loss in long positions. The upside target for Nifty is seen at 11,800 odd levels