Balkrishna Industries: Now eyes ₹23,000 crore revenue by 2030

Balkrishna Industries Limited (BKT) is targeting a 2.2x revenue growth by 2030, aiming for approximately ₹23,000 crore, up from ₹10,600 crore in 2025. This growth is projected to be driven primarily by OHT segments (70%), 3rd party carbon black sales (10%), and new tire categories for the Indian market (20%). The company plans to invest ₹3,500 crore over the next three years in growth capex for carbon black, rubber tracks, and new tire categories. The goal is to achieve an 8% global market share in the OHT segment and 5% in the new tire verticals in India.

For H1FY26, BKT reported standalone revenue of ₹5,079 crore, a 2% year-over-year decrease, with sales volume at 150,916 MT, down 4% year-over-year. EBITDA stood at ₹1,155 crore, a 13% decrease year-over-year, resulting in an EBITDA margin of 22.7%. Net profit for the period was ₹552 crore, down 33% year-over-year. The company declared a total interim dividend of ₹8/- per equity share for H1FY26.

BKT plans to expand its carbon black capacity from 200,000 MTPA to 360,000 MTPA by early 2026, alongside a 24 MW cogeneration power plant. This expansion, along with de-bottlenecking efforts, is expected to increase OHT tire capacity to 425,000 MTPA. The company will enter new tire verticals in India, with CV radial tires piloting in Q4FY26 and PCR tires in Q3FY27, targeting a 20% revenue contribution from these new segments by FY30.