Ceat - Market Share Ambitions Remain Strong: ICICI Securities
Stacks of new tyres on a black background in Kentucky, U.S. (Photographer Luke Sharrett/Bloomberg)

Ceat - Market Share Ambitions Remain Strong: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Ceat Ltd. hosted its annual investor conference virtually to elucidate its long term growth plans, and strategies to achieve them.

Key takeaways from the event:

  • Demand was impacted in Q1 FY22 from Covid-19 second wave and subsequent plant shutdowns across original equipment manufacturers.

  • Replacement segment witnessed ~20-40% decline QoQ in April 2021/May 2021. Truck segment were least impacted.

  • June-21 has seen revival of replacement demand while OEM production continues to ramp modestly.

  • The company has a leadership market share in two-wheeler with aspiration to further raise the same to 30-35% market share vis-a-vis current 28-30%.

Click on the attachment to read the full report:

ICICI Securities CEAT Company Update.pdf

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