CEAT sees strong FY27 growth on demand recovery, capacity expansion despite West Asia disruption
CEAT expects strong double-digit growth in FY27, driven by robust domestic demand and capacity expansion, despite disruptions from the West Asia conflict, according to Managing Director & CEO Arnab Banerjee. The company reported a 22% year-on-year rise in consolidated revenue to ₹4,318 crore in the June quarter and plans to invest ₹1,205 crore to expand two-wheeler tyre production at its Nagpur plant. While the West Asia market poses challenges, CEAT remains optimistic about maintaining growth and improving margins in the latter half of FY27.