India's CEAT falls after quarterly profit slump

By Reuters News

** Shares of tyremaker CEAT CEAT.NS down 2.5% at 3,275 rupees, biggest pct fall since August 31, 2026

** Quarterly profit down 40%, weighed by rise in expenses

** West Asia crisis kept raw material costs high and did present challenges, but we responded with tighter cost controls, disciplined execution, co said

** Core margin narrowed to 9.5% in Q2 from 13.5% in year-ago period

** However, demand remained healthy with revenue up 26% y/y to 47.62 billion rupees

** In H2, co aims to deliver double-digit growth and roll out further price hikes

** YTD, shares down 13.5%


($1 = 94.9150 Indian rupees)

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