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CEAT aims to increase TBR market share from the current 8.5% to 11-12% in the short term

Q1FY22 has been a soft quarter for Tyre company CEAT. The Revenue declined 16.7% QoQ at Rs.1897.8Cr.The company reported Rs.20Cr in Q1FY22, while the EBIDA was reported at 165.7cr versus 255.3cr last year. This was the third consecutive quarterly decline in margins, with current margins reported at 8.7%. The company did highlight that Restricting demand and rising input cost has been affecting margins, but its impact was partially offset by price increase over the last quarter. Currently, they are witnessing a gradual pickup in demand from early June in the replacement market and OEMs. As we advance, they made intentions clear to take some more price increases. Kumar Subbiah, CFO of CEAT, joins ET Now to share the company's growth outlook and the current demand trend witnessed in the Industry.

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