Balkrishna Industries Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Balkrishna Industries aims for ~INR23,000 Cr revenue by 2030, driven 70% by off-highway tires, 10% from expanded carbon black capacity, and 20% from new premium tire segments in India. FY25 revenue rose 13% to INR10,615 Cr, EBITDA grew 16% to INR2,682 Cr (25.3% margin), and PAT increased 13% to INR1,628 Cr. Volumes rose 8% to 315,273 MT. A capex of INR3,500 Cr is planned over 3 years, mainly funded internally. Management targets sustained 23-25% EBITDA margins through premium focus, efficiencies, and carbon black integration. Global OHT market share aims to climb from 6% to 8% by 2030. Near-term risks include geopolitical issues and US tariffs, partially passed to customers, while easing raw material costs may support margins. Volume guidance for FY26 remains cautious amid market volatility, with confidence in long-term growth from product innovation and operational excellence.