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Balkrishna Industries' new biz plans unsettle investors
Mint Chennai
|May 27, 2025
Ambitious plan Balkrishna Industries targets 2.2x revenue growth by 2030, supported by its forays into new businesses.
Balkrishna Industries Ltd is entering new segments—a decision that overshadowed the positives in its March quarter (Q4 of FY25) results such as the sequential improvement in off-highway tyres (OHT) volumes. Balkrishna's shares fell over 6% on Monday.
From being a niche OHT company, Balkrishna is pivoting to the premium passenger car radial (PCR) and truck and bus radial (TBR) categories in the domestic market. A pilot launch for TBR is expected in Q4 of FY26 and for PCR in Q3 of FY27. Balkrishna eyes a 5% market share by 2030 in the new segments with revenue expected from FY28.
This story is from the May 27, 2025 edition of Mint Chennai.
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