CEAT Limited — Updates, 17-10-2024: Press Release

CEAT Limited reported consolidated revenue of Rs. 3,304.5 crore for Q2 FY25, marking a 3.5% quarter-on-quarter and 8.2% year-on-year increase. EBITDA stood at Rs. 367.9 crore, with an operating margin of 11.1%. The company faced margin pressures due to rising commodity prices and increased employee costs. Notably, both Replacement and International sectors showed strong growth. Additionally, CEAT's debt rose by Rs. 280 crore, attributed to higher raw material inventories and dividend distributions.