CEAT Q4 FY26 Results: Net Profit Soars 147% YoY — A Stellar Comeback for India’s Tyre Giant

By Kaushik Brahmakshatriya

Published On 31 May 2026.

CEAT Q4 FY26 Results

India’s leading tyre manufacturer CEAT Limited delivered one of its strongest quarterly performances in recent memory for Q4 FY2025-26 (January–March 2026). The RPG Group-owned company posted a dramatic 147% year-on-year surge in consolidated net profit, significantly beating market expectations and sending its shares rallying sharply on the NSE. Here is a deep dive into the numbers, segment performance, and what this means for investors.

Company Overview: About CEAT Limited

Founded in 1924 and headquartered in Mumbai, CEAT Limited is one of India’s most recognised tyre brands. Backed by the RPG Group under the leadership of MD & CEO Arnab Banerjee, the company manufactures tyres for two-wheelers, three-wheelers, passenger cars, trucks, buses, tractors, and off-highway vehicles. CEAT operates seven manufacturing plants across India and Sri Lanka, employs more than 8,000 people, and exports products to over 110 countries globally. The recent acquisition of the CAMSO off-highway construction tyre and tracks business marks a significant step in its global expansion strategy.

CEAT Q4 FY26: Key Financial Highlights

The quarter ended March 31, 2026, delivered exceptional results across all major financial metrics.

Financial Metric	Q4 FY26	Q4 FY25	YoY Change
Consolidated Revenue	₹4,244.63 Crore	₹3,420.62 Crore	+23.9%
Net Profit (PAT)	₹243.80 Crore	₹98.71 Crore	+147.0%
EBITDA Margin	14.18%	11.51%	+267 bps
QoQ Net Profit Growth	₹243.80 Crore vs ₹155.40 Crore (Q3)	—	+56.9%

The consolidated net profit of ₹243.80 crore was not just a year-on-year achievement — it also marked a sequential jump of nearly 57% over Q3 FY26, reflecting a sharp improvement in operational efficiency and margin expansion.

Full Year FY26 Performance: A Milestone Year

Financial Metric	FY26	FY25	YoY Growth
Total Consolidated Revenue	₹15,678 Crore	₹13,217.87 Crore	+18.6%
Standalone Revenue	₹15,215 Crore	₹13,175 Crore	+15.5%
Full Year Net Profit (PAT	₹697.24 Crore	₹471.37 Crore	+47.9%
Annual EBITDA Margin	13.16%	~11.5%	Significant Improvement
Dividend Declared	₹35 per share (350%)	₹30 per share (300%)	Higher Payout

The company’s 5-year revenue CAGR stands at an impressive 15.6%, reflecting consistent and scalable growth.

What Drove the Strong Q4 FY26 Performance?

Several structural and strategic factors contributed to this quarter’s exceptional results:

1. Tyre Demand Recovery Across Segments

Both the replacement market and the OEM (original equipment manufacturer) segment witnessed healthy volume growth in Q4 FY26. Post-GST rate rationalisation, consumer demand accelerated, particularly in the two-wheeler and passenger vehicle tyre categories.

2. Improved EBITDA Margins

CEAT’s EBITDA margin climbed to 14.18% in Q4 FY26 from 11.51% in the same quarter last year — an expansion of approximately 267 basis points. This was driven by a stable raw material basket, operational cost controls, and a more favourable product mix favouring premium and value-added segments.

3. International Business Rebound

The company’s export segment showed meaningful recovery in Western Europe and the United States markets. Despite headwinds from the Middle East, overall international revenues contributed positively to the top line.

4. CAMSO Acquisition — A Long-Term Value Driver

CEAT completed the acquisition of the CAMSO brand’s off-highway construction equipment tyre and tracks business during FY26. Full supply chain integration and value chain control is expected by March 2027, representing a potential $1 billion revenue opportunity over the medium term.

5. Strong Balance Sheet Metrics

The company maintained a healthy financial structure with a Debt/EBITDA ratio of 1.46x, a Debt/Equity ratio of 0.60x, and a credit rating of AA with a positive outlook — a testament to financial discipline even while pursuing aggressive capex and acquisitions.

Dividend Declared: Rewarding Shareholders

CEAT’s board has recommended a dividend of ₹35 per equity share for FY2025-26, which represents a payout of 350% on the face value of ₹10. This is higher than the ₹30 per share (300%) declared for FY25, reflecting the company’s improved profitability and confidence in future earnings. The dividend is subject to shareholder approval at the upcoming AGM.

Share Price Reaction

Markets responded enthusiastically to the results. On April 29, 2026, CEAT’s share price surged as much as 12.3% to ₹3,949.90 on the NSE — one of the sharpest single-day moves for the stock in recent years. The results clearly exceeded consensus analyst estimates, particularly on the profit and margin front.

Management Commentary

Commenting on FY26 performance, Arnab Banerjee, MD & CEO of CEAT, noted that FY26 was a strong year with robust growth in both top line and bottom line. The company delivered consistent improvement across all quarters, with H2 FY26 particularly strong driven by sustained demand across replacement and OEM categories.

Frequently Asked Questions (FAQ) — People Also Ask

Q1. What was CEAT’s net profit in Q4 FY26?

CEAT reported a consolidated net profit (PAT) of ₹243.80 crore in Q4 FY26, up by 147% compared to ₹98.71 crore in Q4 FY25.

Q2. What was CEAT’s revenue in Q4 FY26?

CEAT’s total consolidated revenue in Q4 FY26 was ₹4,244.63 crore, reflecting a growth of 23.9% year-on-year.

Q3. What dividend has CEAT declared for FY26?

CEAT has recommended a dividend of ₹35 per share (350% of face value) for FY2025-26, subject to approval at the Annual General Meeting.

Q4. How did CEAT’s EBITDA margin change in Q4 FY26?

CEAT’s EBITDA margin improved significantly to 14.18% in Q4 FY26 from 11.51% in Q4 FY25 — an expansion of approximately 267 basis points.

Q5. What is the CAMSO acquisition and how does it affect CEAT?

CEAT acquired the CAMSO off-highway construction tyre and tracks business, representing a potential $1 billion revenue opportunity. Full integration is expected by March 2027, which should meaningfully strengthen CEAT’s global competitive position.

Q6. What was CEAT’s full year FY26 net profit?

For the full financial year FY26, CEAT’s consolidated net profit stood at ₹697.24 crore, up 47.9% from ₹471.37 crore in FY25.

Q7. How did the market react to CEAT’s Q4 FY26 results?

CEAT’s share price rallied up to 12.3% on NSE the day after results, touching ₹3,949.90, reflecting strong investor confidence in the company’s performance.

Conclusion: CEAT Enters FY27 From a Position of Strength

CEAT’s Q4 FY26 results mark a clear inflection point in the company’s profitability journey. After a challenging FY25, where profits declined, CEAT has bounced back decisively — driven by margin recovery, volume growth, a strengthening export business, and a transformative strategic acquisition. With a solid balance sheet, rising dividend payouts, analyst buy ratings, and the CAMSO integration providing long-term upside, CEAT enters FY27 as one of the most compelling stories in the Indian tyre sector.

For investors watching the auto ancillary space, CEAT’s trajectory in FY27 — particularly how CAMSO integration shapes global revenues and how domestic EV tyre demand evolves — will be the key metrics to watch.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.we are not responsible for any loss.