CEAT Ltd plans to raise tyre prices by 4-6% this quarter, with about 6% in commercial tyres, because price hikes in the last two quarters failed to offset sharp inflation in rubber and petroleum-based inputs that cut its second-quarter profit to Rs 112 crore and margin to 9.5%.

CEAT Limited is exploring a deeper presence in China, including alternative raw material sourcing and recruiting local personnel, as Managing Director Arnab Banerjee told Mint. The move follows Q1 FY27 consolidated net profit plunging 96.4% year-on-year to Rs 4 crore and EBITDA margin contracting to 8.6% from 10.9% on higher raw material costs.