NSE - Delayed Quote INR

CEAT Limited (CEATLTD.NS)

3,084.20

-30.95

(-0.99%)

At close: 3:29:59 PM GMT+5:30

Indian tyremaker CEAT to buy Camso brand from France's Michelin for $225 million

Camso, a Canadian brand that Michelin acquired in 2018 for $1.45 billion, makes tyres that are fitted into heavy-duty vehicles such as tractors, harvesters and bulldozers. "The Camso brand is an excellent fit with the growth strategy of CEAT's off-highway tyre business, thereby improving our margin profile," CEAT MD and CEO Arnab Banerjee said. CEAT missed its September-quarter profit estimates on higher material prices and weak demand due to a drop in car deliveries to dealers in the September quarter.

Reuters last month

ML.PA

CEATLTD.BO
Ceat Ltd (BOM:500878) Q2 2025 Earnings Call Highlights: Record Revenue Amidst Margin Pressures

Ceat Ltd (BOM:500878) reports its highest-ever turnover with significant international growth, despite challenges from rising raw material costs and freight rates.

GuruFocus.com 2 months ago

CEATLTD.BO

Performance Overview

Return	CEATLTD.NS	S&P BSE SENSEX
YTD	-4.67%	-1.11%
1-Year	+27.08%	+8.39%
3-Year	+174.01%	+29.52%