NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We interacted with the management of Ceat Ltd. alongside our visit to its Tamil Nadu (TV) plant. While Tamil Nadu plant contributes less than 10% of revenues, the purpose of the visit to dwell more into digital and automation aiding cost controls and manufacturing efficiencies.
Key takeaways from interactions are-
Revenue growth expected to be single digits in FY25 supported by growth across the original equipment manufacturer, replacement, and exports.
Ceat is enhancing focus on electric vehicle tyres with platform-wins in two-wheeler, passenger vehicle and commercial vehicle segments.
raw material cost is expected to be flat QoQ for Q4 FY24E however, recent volatility in NR and crude can influence margins in Q1 FY25E.
Tamil Nadu plant to see TBR capacity expansion over 12-18 months.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
