Financial Performance Highlights
CEAT Limited reported exceptional financial results for FY 2025-26, achieving record standalone revenue of ₹15,214.86 crore representing 19% year-on-year growth. Profit After Tax surged 48% to ₹813 crore, while EBITDA grew 37% to ₹2,042.37 crore. Earnings Per Share reached ₹201, showing 69% growth from the previous year. The company maintained strong operational metrics with 80%+ capacity utilization, 98%+ material yield efficiency, and produced over 45 million tyres representing a 15% increase.
Strategic Business Developments
The company completed the significant acquisition of CAMSO's Off-Highway construction equipment tyre and tracks business from Michelin Group for ₹236.49 crore, effective September 1, 2025. This acquisition contributed ₹420.65 crore in revenue for the seven-month period and strengthened CEAT's global manufacturing footprint. The company expanded into new markets including Japan, Australia, New Zealand, Estonia, and Lithuania, while enhancing PCUV capacity at its Chennai plant from ~95 lakhs/annum to 130 lakhs/annum by FY27-28.
Capital Structure and Returns
CEAT maintained a robust capital structure with paid-up capital of ₹404.50 crore and total borrowings of ₹2,992.00 crore. The company declared its highest-ever dividend of ₹35 per share (350%), subject to shareholder approval at the AGM scheduled for August 17, 2026. Capital expenditure amounted to ₹1,315.31 crore towards capacity expansion, with ROCE improving to 21.46% from 16.48% in FY25.
Sustainability and ESG Performance
The company demonstrated outstanding sustainability performance with an S&P Global ESG score of 69, ranking among the top 4% globally in the auto components industry. CEAT achieved a 26% reduction in Scope 1 & 2 emissions intensity compared to the 2021 baseline, with 48% of total energy consumption from renewable sources. The company received reasonable assurance opinion from BSI Group on BRSR Core KPIs covering greenhouse gas footprint, water footprint, energy footprint, circularity, employee wellbeing, gender diversity, and inclusive development.
Comprehensive Reporting Framework
CEAT's integrated reporting aligned with multiple global standards including GRI Standards, SASB metrics, UN Sustainable Development Goals, and National Guidelines on Responsible Business Conduct. The report covered extensive environmental metrics (GHG emissions of 305,408 tCO2e, water consumption of 495,950 KL, energy consumption of 4,370,316 GJ), social indicators (18% women employees, 77,649 training hours), and governance compliance with clean audit reports from multiple agencies.
Operational and Manufacturing Excellence
The company invested ₹240.46 crore in R&D, filed 214 patents with 60 granted, and launched 240 new SKUs. Manufacturing operations spanned multiple plants across Nashik, Mumbai, Halol, Nagpur, Sriperumbudur, and Ambernath. The company maintained strong credit ratings of CARE AA (Positive) and India Ratings AA (Positive) while serving 110+ countries globally.
Corporate Governance and Compliance
The board composition included 10 directors with 50% independent directors, conducting 6 board meetings during the year. Related party transactions underwent voluntary independent review by Deloitte with no gaps identified. The company maintained compliance with SEBI regulations, Companies Act requirements, and all statutory reporting obligations with unmodified audit opinions from B.S.R. & Co. LLP.