Ceat Q1 Review - Rising Debt, Elevated Raw Material Cost Are Key Headwinds: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.While overall the demand scenario is gradually improving now, raw material inflation has continued to hit Ceat Ltd.'s operating margin and bottom line, Ebitda margin contracted 137 basis points QoQ to 5.9%.Overall volume increased 7% QoQ led by strong growth in original equipment manufacturers and in replacement volume of passenger car radial, offset by flattish volume in truck and bus radial. Ceat's management sounded positive for volume growth in FY23. Expect strong growth in the truck-bus radial, farm and passenger car radial segment led by sustainable uptick in OEMs demand and improvement in replacement demand. Two-wheeler tyres demand (replacement and OEMs is also showing improvement..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ceat Q1 Review - Rising Debt, Elevated Raw Material Cost Are Key Headwinds: Dolat Capital

Ceat Q1 Review - Rising Debt, Elevated Raw Material Cost Are Key Headwinds: Dolat Capital

Choose a plan