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Net Sales are expected to increase by 10 percent Y-o-Y (down 1.7 percent Q-o-Q) to Rs 2,999.9 crore, according to Motilal Oswal.
The company posted a significant improvement in margins due to a sharp correction in raw material prices
Net Sales are expected to increase by 12.4 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 2,896.7 crore, according to Nirmal Bang.
Net Sales are expected to increase by 12 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 2,903.1 crore, according to Motilal Oswal.
As raw material prices soften and chip shortage eases, tyre companies are ready to roll, given the strong demand outlook
Net Sales are expected to increase by 24.1 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 3018.9 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 12 percent Y-o-Y (up 16.2 percent Q-o-Q) to Rs 2,215.9 crore, according to Motilal Oswal.
Tyre makers CEAT, Apollo Tyres and MRF are riding on a sharp pick-up in demand from original equipment manufacturers (OEMs) and the replacement segment
Tyre manufacturers are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. The Q3 FY21 numbers corroborate the strong pick-up in the demand post unlocking
Tyre companies -- CEAT, Apollo Tyres and MRF -- saw a significant recovery in the second quarter of FY21, driven by a sharp rise in replacement demand
Though sales of CEAT, Apollo Tyres and MRF got hit by the pandemic, the impact was less compared to other auto ancillary companies because of replacement demand
The Apollo Tyre’s stock is trading at a valuation discount compared with MRF and CEAT
According to the Ceat management, the passenger car segment has shown high single-digit growth while 2-wheeler and commercial vehicles have posted declines in double digits.
Net Sales are expected to decrease by 6 percent Y-o-Y (down 5.9 percent Q-o-Q) to Rs. 1,649.4 crore, according to Reliance Securities.
Net Sales are expected to increase by 0.5 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 1,715.3 crore, according to Kotak.
Net Sales are expected to decrease by 2 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 1,672.2 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 3.8 percent Y-o-Y (up 1.3 percent Q-o-Q) to Rs. 1,736.6 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 12 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 1,763 crore, according to Chola Securities.
Net Sales are expected to increase by 11 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 1,747.3 crore, according to Motilal Oswal.
Amid market volatility, sluggish industry demand outlook and significant rise in raw material cost, stock prices of tyre companies have come down significantly from their 52-week highs
We believe the company is poised to gain from increase in market share in passenger vehicle (PV) and 2/3 Wheeler segments and capacity expansion in selected pockets. This coupled with reasonable valuations make CEAT worth considering for a long-term portfolio.