Balkrishna Industries Limited — Investor Meet, 01-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Balkrishna Industries (BKT) reported Q1 FY26 results with sales volume at 80,664 MT, marginally lower year-on-year due to volatile tariff disruptions and global headwinds. Revenue stood at INR2,759 Cr, with Profit After Tax at INR287 Cr (down ~40% primarily due to M2M loss of INR154 Cr). EBITDA margin was 23.8%, impacted by higher India contribution (35% volume, 14.4% YoY growth) and absorbing 40% of the 10% US tariff.

Management expects full normalcy in ordering cycle post permanent tariff resolution. The company is confident of outperforming the industry and aims for 24-25% EBITDA margins. New capital expenditure for Carbon Black, Passenger Car Radial, and Commercial Vehicle Radial is on schedule, targeting June-July 2026 for commercial production in new segments, leveraging a largely new distribution network for future growth.