Balkrishna Industries Limited — Q4FY26 earnings call summary

Filed 14 May 2026 · Official transcript

Q4FY26 OHT sales volume 85,820 MT +5% y-y; FY26 volume 317,356 MT
Carbon black capacity 265,000 MTPA; full utilization; expansion to 360,000 MTPA by Q1 FY27
FY27 volume growth expected but no guidance due to geopolitical uncertainties
Capex FY26 approx INR2,800 Cr; FY27 planned capex INR1,500-1,800 Cr plus INR2,000 Cr additional approved
Price hikes 3-5% taken; further 2% planned; raw material costs up 4-5% in Q4, expected 7-8% rise in Q1 FY27
Standalone Q4 EBITDA INR663 Cr (22.9% margin); FY26 EBITDA INR2,423 Cr -10% y-y (22.7% margin)
On-Highway revenue target INR5,000 Cr by 2030; EBITDA margin target 23-25% company-wide
Standalone Q4 revenue INR2,894 Cr +2% y-y; FY26 revenue INR10,656 Cr flattish y-y