Synopsis: CEAT will host its Q4FY26 earnings call on April 29 to discuss its annual results, keeping investors focused on demand trends, margins, and cost pressures. With steady tyre demand and stable input costs, the upcoming update could offer clearer signals on growth momentum and profitability outlook.
CEAT has informed the exchanges that it will host its Q4FY26 earnings conference call on April 29, 2026, at 4:00 PM IST to discuss the audited financial results for the quarter and full year ended March 31, 2026. The call will be conducted virtually as a group meeting, with further details and the investor presentation to be shared separately.
What Are The Expectations?
According to Motilal Oswal, the outlook for CEAT in Q4 remains positive as tyre demand has continued to improve after the GST rate cuts, while input costs have stayed largely supportive. The brokerage said the recovery is visible across both replacement and OEM segments, and management also indicated that the demand improvement seen in Q3 has held up well so far in Q4.
In the domestic market, OEM demand is expected to remain healthy, with high single-digit growth overall and better traction in segments such as two-wheelers, farm equipment, and select passenger and commercial vehicle categories. Passenger car tyres have also shown improving momentum into Q4, while the truck and bus segment is seeing a revival supported by e-commerce activity, infrastructure spending, and better fleet utilisation. Motilal added that a pickup in industry demand should help maintain pricing discipline, which is positive for the sector.
The brokerage also highlighted that the international business outlook remains encouraging for Q4, with strong demand across passenger car radials, truck and bus radials, farm tyres, and off-highway tyres in markets such as Europe, Latin America, Africa, Canada, and Australia. At the same time, management has guided for a sequential raw material cost increase of around 1 to 1.5 percent in Q4 and the following quarters, mainly due to currency depreciation and a modest rise in natural rubber prices, although synthetic rubber prices are expected to remain stable to slightly lower.
On Camso, Motilal noted that the integration is progressing as planned, but margins are still being affected by temporary transition-related costs and lower realisations because part of the sales is still routed through Michelin. However, these costs are expected to taper from Q4 onwards, and customer transfers are accelerating through Q4 and into early FY27, which should gradually improve the business mix and profitability.
According to ICICI Securities, CEAT delivered strong performance in the previous quarter, driven by healthy traction in the replacement segment, strong OEM volumes, and recovery in exports. Growth was supported by double-digit volume expansion in both OEM and export segments, while replacement demand grew in the mid-teens, partly aided by channel filling. The near-term demand outlook remains strong across segments, with management expecting continued growth in replacement demand and high single-digit growth in OEM segments such as passenger cars and two-wheelers.
Export demand is also expected to remain robust, supported by India’s increasing role as a sourcing hub for global markets, particularly across Europe, Latin America, and Africa. However, the brokerage cautioned that the Camso business could continue to impact margins and earnings in the near term, while geopolitical risks and demand slowdown in developed markets remain key monitorables.
What Are The Estimates?
On the financial front, according to Motilal Oswal Financial Services, CEAT is expected to report net sales of Rs. 4,165.5 crore in Q4FY26, reflecting a marginal growth of around 0.2 percent quarter-on-quarter compared to Rs. 4,157.1 crore in Q3FY26, and a strong increase of about 21.8 percent year-on-year from Rs. 3,420.6 crore in Q4FY25. EBITDA is estimated at Rs. 569.6 crore, implying a growth of around 1.1 percent sequentially from Rs. 563.4 crore and a sharp rise of approximately 46.8 percent on a year-on-year basis from Rs. 388.1 crore. EBITDA margins are expected to come in at 13.67 percent. Net profit is projected at Rs. 225.4 crore, which indicates a strong sequential growth of about 44.7 percent compared to Rs. 155.8 crore reported in Q3FY26, and a significant increase of approximately 126.5 percent year-on-year from Rs. 99.5 crore in Q4FY25. PAT margins are estimated at 5.41 percent.
According to ICICI Securities, net sales are expected at Rs. 4,131.8 crore for Q4FY26, which implies a marginal decline of around 0.6 percent sequentially, but a healthy growth of approximately 20.8 percent year-on-year. EBITDA is estimated at Rs. 562.3 crore, indicating a slight decline of about 0.2 percent quarter-on-quarter, while rising sharply by around 44.9 percent on a year-on-year basis. EBITDA margins are expected at 13.06 percent. Net profit is projected at Rs. 193.1 crore, reflecting a sequential increase of approximately 23.9 percent, and a strong growth of about 94.1 percent year-on-year from Rs. 99.5 crore in Q4FY25. PAT margins are estimated at 4.67 percent.
Notably, while both brokerages have broadly similar expectations on revenue and operating performance, there is a meaningful divergence in profitability estimates, particularly at the net profit level, reflecting differences in assumptions around margins, cost pressures, and the impact of factors such as the Camso integration and input cost movements.
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