Balkrishna Industries Q2 FY26 Earnings Results

Balkrishna Industries Ltd (BKT), a leading manufacturer of off-highway tyres for agricultural, industrial, and construction applications, reported a challenging quarter in Q2 FY26.

Financial Summary:

• Revenues declined 1.12% year on year to ₹2,393 crore from ₹2,420 crore.
• Total expenses rose 2.98% to ₹2,108 crore from ₹2,047 crore, reflecting higher input and operational costs.
• Consolidated net profit fell 21.33% to ₹273 crore from ₹347 crore.
• Earnings per share (EPS) decreased 21.28% to ₹14.13 from ₹17.95.

Key Performance Factors:

• Sales volume declined 4% year on year to 70,252 metric tons, showing demand softness in key segments.
• EBITDA margin contracted by 260 bps to 21.36%, driven by rising raw material costs and pricing pressures.
• Sequential revenue declined 14% from Q1 FY26, indicating potential macroeconomic headwinds impacting business.
• The company continues to pursue capacity expansions and new product developments to support medium-term growth.

Outlook:

While the near-term environment appears challenging with margin pressures and slower volume growth, Balkrishna Industries remains focused on cost optimization, product innovation, and geographic expansion to navigate current headwinds and sustain growth momentum over time.

Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.