CEATLTD

What CEAT promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 25 tracked 2 delivered 13 missed 10 open
  • Raw Material Cost Increase delivered said Q4 FY26 Promised: Raw material cost increase in quarter 1 could be to the tune of 15% Q1 FY27: Management confirmed that raw material cost increased by 15-16% in Q1, validating the guidance.
  • FY25 Capex went quiet said Q3 FY25 Promised: Full year CAPEX to be around INR 1,050 crores Q1 FY27: Not addressed, promise pertains to prior fiscal year.
  • Gross Margin at risk said Q4 FY25 Promised: Comfortable with a gross margin of 40% plus Q1 FY27: Gross margin contracted sharply to 33.9% due to RMC inflation, significantly below the 40%+ target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 25 tracked commitments for CEAT — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens