CEAT of the RPG Group has for the year ended March 31, 2012, reported a 28 per cent increase in net sales to Rs. 4,440 crores as compared to the previous year. For the fourth quarter of the year, net sales soared by 24.2 per cent to Rs. 1,215 crores and net profit by 5.7 per cent to Rs. 60 crores.
Announcing the results, Mr. Anant Goenka, Managing Director, 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.”