Q1-FY27 · Arnab
Our normal gross margins are 40-41%. In normal times first quarter saw us going down to 33%. So there is a big gap to be covered.
CEAT · tone and specificity signals across the available quarters.
Language signals
Our normal gross margins are 40-41%. In normal times first quarter saw us going down to 33%. So there is a big gap to be covered.
Price hikes need to be taken by us... If the raw material prices fall off in second half some time we would intend to hold on to the price till we recover to a normal level of operation.
We expect the commodity prices to stabilize once the West Asia war comes to an end which may lead to some stability in the commodity prices hopefully in the second half of the year.
We are at the third rank now behind two more players and there is a gap of about 3 and a half to 4% between us and the market leader. So in the next 3 to 4 years we expect to bridge this gap and our ambition is to definitely go for market leadership in this segment.
Our standalone EBITDA stood at 556 crores translating to a margin of about 14.08%, a 39 basis point improvement quarter on quarter and 364 basis points improvement year on year.
The company crossed a milestone number of rupees 4,000 crores of revenue for the first time in a quarter and the revenue reported in quarter 3 has been the highest achieved so far.