Balkrishna Industries Q1 profit drops 40% on tariffs

Balkrishna Industries reported Q1 FY26 profit after tax of INR287 crores, down approximately 40%, primarily due to an M2M loss of INR154 crores.

Sales volume declined marginally to 80,664 metric tons, impacted by tariff-related disruptions. Stand-alone EBITDA was INR655 crores with a 23.8% margin, affected by partial absorption of US tariffs.

The India business provided a bright spot, growing 14.4% year-on-year and contributing approximately 35% to sales volumes.