Balkrishna Industries Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Balkrishna Industries reported strong sequential improvement in Q3 FY26 despite challenging global macros. Q3 volumes grew 6% YoY (15% QoQ) to 80,620 metric tons. Revenue increased 4% YoY to INR2,682 Cr, with EBITDA at INR605 Cr (22.5% margin). India market continues its robust growth, outperforming other regions with broad-based demand. US sales are regaining momentum through strong product quality and by sharing tariff impact. A new carbon black line is commissioned, and the CV foray is progressing on schedule. The company maintains a net debt of INR637 Cr and declared an interim dividend of INR4/share. Management remains confident in its long-term strategy.