Balkrishna Industries Limited — Important, 26-07-2025: Updates

Balkrishna Industries reported Q1FY26 revenue up 1% to 2,759 Cr, but net profit fell 40% to 287 Cr due to forex M2M losses and higher depreciation. EBITDA declined 8% to 655 Cr, impacted by product mix and tariffs. BKT targets 2.2x revenue growth by FY30 to 23,000 Cr, a 17% CAGR. This includes a 3,500 Cr capex over three years to expand OHT tire capacity to 425,000 MTPA, increase Carbon Black production to 360,000 MTPA, and enter new Indian tire verticals like Passenger Car and Commercial Vehicle Radials.