CEAT

CEAT Analyst Meet - Key Takeaways FY26 domestic replacement growth is likely to be in single digits CEAT is focusing on efforts to further gain share in PCR and TBR segments Camso is in compact construction tyres and tracks segment and addressable market is EUR1bn-plus Revenue fell due to weakness in the underlying market Camso acquisition increases the high-margin OHT/exports share in revenue from 15%/19% to 25%/26% Camso revenue is EUR200mn and consolidation is likely Q2FY26 onwards Management expects 4% tariff on the tracks business and 44% tariff (in the worst case scenario) on the tyre business