Ceat’s MD & CEO Arnab Banerjee explains that price hikes will continue due to inadequate pass-through of raw material costs, with further increases anticipated in September. Despite high natural rubber prices, Ceat aims for growth in international markets and has planned significant capex for FY25. Banerjee also says the overall OEM demand will be flattish. But the replacement demand is not flat.
HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.