Balkrishna Inds
Balkrishna Inds Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
BKT targets a revenue of INR 5,000 crores by 2030 with a five-year CAGR of 17%, implying higher growth rates in coming years to compensate for flat sales in FY '26. BKT aims to sustain EBITDA levels between 23% and 25% as a company, even with on-highway business scale-up.
From Balkrishna Inds's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- BKT targets a revenue of INR 5,000 crores by 2030 with a five-year CAGR of 17%, implying higher growth rates in coming years to compensate for flat sales in FY '26.
- Volumes for FY '26 were stable, with highest-ever quarterly volumes achieved in Q4 and annual volumes at 317,356 metric tons.
- Growth is expected from on-highway tyres (OHT) expansion, including truck bus radial (TBR), passenger car radial (PCR), and two-wheeler segments.
- Entry into new segments (PCR tyres launch expected end of calendar year) and geographic expansion, especially in the US and Europe, are key growth drivers.
- The company aims to grow US sales to about 10% of total volumes in FY '27.
- OHT business volumes increased by 5% in the latest quarter; growth momentum seen in H2 FY '26 over H1.
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Profitability & Margins
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Capital Expenditure Plans
- Total capex guidance till FY '29 is INR 6,800 crores, including INR 3,000 crores already spent; remaining INR 3,800 crores planned for FY '27 to '29.
- Additional capex of INR 2,000 crores approved for capacity expansion and infrastructure across Off-Highway Tyres (OHT) and On-Highway Tyre categories.
- Capex aims to incorporate AI-enabled automation in On-Highway tyre categories and support sustainability initiatives.
- In FY '27, expected capex spend is between INR 1,500 to 1,800 crores.
- Maintenance capex is approx. INR 200 crores annually, separate from project capex.
- Completed key projects:
- New carbon black facility in Bhuj (capacity 265,000 MTPA).
- Power plant capacity increased from 40 MW to 64 MW.
- Phase 1 of Commercial Vehicle Radial (CVR) tyre project adding 800 tyres/day capacity.
- Upcoming projects:
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Balkrishna Inds — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.9K Cr, net profit ₹299 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Balkrishna Inds's management said in earlier quarters
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Frequently Asked Questions
What were Balkrishna Inds Q4 FY26 results?
BKT targets a revenue of INR 5,000 crores by 2030 with a five-year CAGR of 17%, implying higher growth rates in coming years to compensate for flat sales in FY '26. BKT aims to sustain EBITDA levels between 23% and 25% as a company, even with on-highway business scale-up.
What is Balkrishna Inds share price analysis?
Balkrishna Inds currently shows a neutral. The stock trades at a P/E of 32.3 with a market cap of ₹45,445 Cr. Investors should review the full earnings analysis for detailed insights.
Is Balkrishna Inds planning capital expenditure?
Total capex guidance till FY '29 is INR 6,800 crores, including INR 3,000 crores already spent; remaining INR 3,800 crores planned for FY '27 to '29. - Additional capex of INR 2,000 crores approved for capacity expansion and infrastructure across Off-Highway Tyres (OHT) and On-Highway Tyre categories. - Capex aims to incorporate AI-enabled automation in On-Highway tyre categories and support sustainability initiatives. - In FY '27, expected capex spend is between INR 1,500 to 1,800 crores. - Maintenance capex is approx.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.