Bulletin Updates

CEAT: Margins soar on RM cost relief – 28 Jul 2023

Jul 28, 2023

CEAT's 1QFY24 revenue growth was muted, but margins improved as RM costs declined 1.5% QoQ, the company is exiting small rim size PCR tyres in the OEM segment and entering higher rim size tyres, which are expected to drive margin expansion

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