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Farm segment-driven demand outlook remains strong for Balkrishna Industries

Raw material/freight costs will however weigh on its near term margins

Balkrishna Industries
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Balkrishna Industries (Image: https://www.bkt-tires.com/)

Ram Prasad Sahu Mumbai
The stock of the country’s largest tyre company by market capitalisation, Balkrishna Industries, was up 14 per cent over the last few trading sessions. The gains came on the back of a strong March quarter (Q4FY22) performance, healthy volume outlook and expectations of market share gains.

The near-term trigger for the off-highway tyre maker has been the March quarter show.  Aided by strong growth across segments, Balkrishna Industries posted better than expected revenue growth performance in the March quarter. The company, which makes tyres for agricultural, industrial and off-the-road applications, posted a 36 per cent year-on-year sales growth with gains

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First Published: May 18 2022 | 7:19 PM IST

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