CEAT's Net Sales grow by 24.2% in FY12 Q4

CEAT, a leading tyre manufacturer, an RPG Group company, announced its audited results for the financial year (FY) 2011‐12 and unaudited results for the fourth quarter (Q4) ended March 31, 2012.

Mumbai, Maharashtra, May 8, 2012 /India PRwire/ -- CEAT, a leading tyre manufacturer, an RPG Group company, announced its audited results for the financial year (FY) 2011‐12 and unaudited results for the fourth quarter (Q4) ended March 31, 2012.

Consolidated Financial Performance

For the FY 2011‐12, Net Sales increased by 28% to Rs. 4,440 crore as compared to FY 2010‐11.

For the Q4 of FY 2011‐12, Net Sales increased by 24.2% to Rs. 1,215 crore and Net Profit increased by 5.7 % to Rs. 60 crore as compared to the corresponding quarter of FY 2010‐11.

Announcing the results, Mr. Anant Goenka, MD, CEAT, said, "Despite a difficult start to the year we finished well with robust growth in sales and net profit. CEAT is focusing on improving its product mix and operation efficiencies. In FY 13 we plan to continue to improve our product mix towards more profitable non truck tyres, ramp up our radial plant at Halol to full capacity and invest in the brand."

Notes to Editor

About CEAT Ltd:

CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India's leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market. CEAT, tubes and flaps are renowned for their superior quality and durability. CEAT offers the widest range of tyres to all user segments and manufacture world-class radials for all Indian vehicles including: Heavy-duty Trucks and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors, Trailers, Cars, Motorcycles and Scooters, Auto-rickshaws.

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