Balkrishna Industries Ltd

BKT Expands Capacity with New Carbon Black Line 🏭 | On-Highway Business Eyes ₹5,000 Cr Revenue by 2030 📈

• New carbon black line commissioned in December 2025, increasing capacity to 265,000 MTPA

• Additional capex of ₹2,000 Cr approved for expansion across OHT and On-Highway segments

• Long-term revenue target of ₹5,000 Cr for On-Highway business by 2030

• U.S. market contribution close to 10% in FY26, target to reach 10% in FY27

• Q4 standalone revenue: ₹2,894 Cr (2% YoY growth)

• FY26 standalone revenue: ₹10,656 Cr (flat YoY)

• Carbon black business saw marginal revenue growth in FY26, third-party sales ~9% of overall business

• Q4 standalone EBITDA: ₹663 Cr (22.9% margin)

• FY26 standalone EBITDA: ₹2,423 Cr (22.7% margin), down 10% YoY

• Raw material prices increased 4-5% in Q4, expected 7-8% rise in Q1 FY27

• Price hikes of 3-5% implemented, with further hikes possible

• OHT business achieved highest-ever quarterly volumes in Q4 (85,820 MT, 5% YoY growth) and highest-ever annual volumes in FY26 (317,356 MT)

• Entered truck bus radial (TBR) segment in February 2026, relaunched 2-wheeler tyres, PCR tyres launch planned by end of 2026

• Future capex plans include ₹6,800 Cr total, focusing on capacity expansion, automation, and sustainability