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Balkrishna Industries' new biz plans unsettle investors

Mint Ahmedabad

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May 27, 2025

Ambitious plan Balkrishna Industries targets 2.2x revenue growth by 2030, supported by its forays into new businesses.

- Harsha Jethmalani

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.

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