Ceat hits 20% upper circuit as raw material prices soften
Ceat is looking to narrow the gap in Ebitda margin vs its peers over the next five years. The company aims to recover its Ebitda margin to at least 10-12 per cent vs 6 per cent in Q1FY23 and 7.6 per cent in FY22. The company is also looking to raise prices by 1-1.5 per cent in the next month.
