Company updateCNBC-TV18
CEAT expects tyre price hikes amid high costs
Negative-32
GreyOak summary
CEAT expects tyre price hikes to continue through Q3 and likely Q4 due to high raw material costs. Total raw material inflation is projected to reach 30% by end of Q3. The company has passed on less than 20% of cost increases so far, operating below preferred gross margins.
What it affects
- CEATCEATLTDNegative -32
Margins pressured by high raw material costs.Rolling sentiment Negative -29
Source
Read the original at CNBC-TV18More CEAT news
- Tyre makers prepare for price hikes amid rising input costsBusiness Standard · Company update ·
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