Balkrishna Industries Limited — Q1FY27 earnings call summary

Filed 05 August 2026 · Official transcript

Price hike of ~5% taken in Q1; raw material cost expected to impact margin by ~2% in Q2
Q1 FY27 OHT segment volume grew 16% y-y to 93,770 MT; standalone revenue rose 24% y-y to INR3,409 Cr
EBITDA margin at 20.61%, impacted by raw material inflation and higher India volume share
Capex of INR1,000 Cr spent in Q1; INR1,500-2,000 Cr more planned for FY27 (total ~INR3,000 Cr)
Management refrains from forward-looking margin or growth guidance
FY27 On-Highway revenue target INR5,000 Cr by 2030; pan-India distributor network expanding
Carbon Black capacity increased to 360,000 MTPA; captive power to 64 MW
India market share ~18-19%, Europe ~7-8%, US ~3-4%; US tariff refund process initiated