Latest Breaking News On - Ceat tyres - Page 1 : vimarsana.com
Ceat Tyres: The company hiked prices of its tyres for a second straight quarter. This helped it push its profit margins up to 6.1% from 1.3% a year ago, even as prices of raw materials rose this quarter. Rubber prices, the key ingredient in tyre-making, ended higher in the quarter, responding to the rise in crude oil prices. Total expenses rose 2.5%, with raw material costs shooting up nearly 3%.
Ceat-tyresEatEat-tyre-pricesEat-salesEat-profitUbber-pricesPollo-tyresCeat Tyres: CEAT Ltd MD & CEO Arnab Banerjee believes that rural demand for two-wheeler tyres in the replacement segment is yet to fully recover. However, he is optimistic that the festive season will boost demand. Banerjee also highlighted the uncertainty over crude-based raw material costs due to rising crude prices, which could impact future growth.
Arnab-banerjeeCeat-tyresEatYre-demandWo-wheeler-tyreEat-ltdRnab-banerjee