Can Balkrishna Industries Sustain Its Global Momentum in FY26?
About Balkrishna Industries
Balkrishna Industries Ltd (BKT) manufactures off-highway tyres used in agriculture, construction, and industrial applications. It exports to over 160 countries, with a strong presence in Europe and North America.
The company delivered a robust quarter with improved export realizations, better product mix, and efficient raw material management despite global demand volatility.
Financial Highlights (Q2 FY26)
| Metric | Q2 FY26 | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,600 Cr | +12% | +4% |
| EBITDA | ₹600 Cr | +15% | +7% |
| EBITDA Margin | 23.1% | vs 22.0% | vs 22.5% |
| Net Profit | ₹440 Cr | +18% | +6% |
Revenue ₹2,600 Cr — driven by strong export demand and higher volumes.
EBITDA ₹600 Cr — up due to better realization and product mix.
EBITDA Margin 23.1% — steady improvement from cost control.
Net Profit ₹440 Cr — supported by forex gains and margin recovery.
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Peer Comparison
| Company | Revenue Growth | EBITDA Margin |
|---|---|---|
| BKT | 12% | 23.1% |
| MRF | 10% | 20.8% |
| Apollo Tyres | 9% | 18.5% |
Valuation & Investment View
- Short-term: Support near ₹2,700; resistance around ₹2,950.
- Medium-term: Positive on export recovery and demand stability.
- Long-term: Structural compounder in specialty tyres.
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Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, believes BKT’s resilient export performance and steady capex visibility strengthen its long-term narrative. Explore more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only...
