CEAT Q2 Results | CFO Kumar Subbiah on Profit Fall, Margins and Growth Outlook

CEAT reported a mixed performance in Q2 FY27, with revenue rising 26.2% year-on-year to ₹4,762 crore, while net profit plunged 39.8% to ₹112 crore as elevated raw material costs squeezed profitability. EBITDA declined 9.1% to ₹457 crore, and the EBITDA margin contracted to 9.6% from 13.3% a year ago. In this exclusive earnings conversation, Kumar Subbiah, CFO of CEAT, discusses the impact of commodity inflation and the West Asia crisis, the company’s pricing strategy and its outlook for the second half of FY27. He also explains CEAT’s nearly ₹490 crore quarterly capex, rising debt and capacity expansion plans. Can price hikes, premium products and tighter cost controls help CEAT restore margins while sustaining double-digit growth?