Balkrishna Industries Limited reported a resilient performance for FY26, achieving its highest-ever annual volumes. Despite a challenging global environment, the company maintained steady financial performance while progressing on key strategic expansions in its carbon black and on-highway tyre businesses. With an additional capital expenditure of INR 2,000 crore approved, the company remains focused on capacity scaling and long-term cost efficiency to support future growth and infrastructure development.
Financial Highlights
For the fourth quarter of FY26, the company recorded a standalone revenue of INR 2,894 crore, marking a 2% year-on-year growth, despite including a INR 47 crore realized forex loss. The standalone EBITDA for the quarter stood at INR 663 crore with a margin of 22.9%. For the full fiscal year, standalone revenue reached INR 10,656 crore with a PAT of INR 1,222 crore.
Operational Milestones and Business Expansion
The company achieved its highest-ever quarterly volumes in Q4 and record annual volumes of 317,356 metric tons for FY26. Key strategic developments include:
- Carbon Black: Capacity reached 265,000 MTPA following the commission of a new line in December 2025. The company is now targeting a total capacity of 360,000 MTPA.
- On-Highway Segment: The company entered the truck bus radial segment in February 2026 and re-launched 2-wheeler tyres. Plans are underway to introduce Passenger Car Radial (PCR) tyres by the end of the calendar year.
- Capex Initiatives: The Board approved an additional INR 2,000 crore for capacity expansion, AI-enabled automation, and sustainability initiatives, building upon the INR 2,800 crore already spent in FY26.
Sustainability and Future Outlook
Balkrishna Industries continues its commitment to sustainable growth, evidenced by an improved S&P Global Corporate Sustainability Assessment score of 58. The company has also partnered to establish the BKT School of Engineering and Technology. Management remains cautiously optimistic, citing a focus on volume growth, margin discipline, and the strategic scaling of the on-highway business as primary drivers for the coming years.
Source: BSE
