Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q2 FY2026 Earnings Presentation
45 slides from Balkrishna Industries's earnings presentation, October 2025
Slide 1: Balkrishna Industries Ltd. Investor Presentation October 2025
BALKRISHNA INDUSTRIES LTD. Investor Presentation October ‘25
Slide 2: Safe Harbor
Safe Harbor Investor Presentation This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchas
Slide 3: Table of Contents
Table of Contents Investor Presentation • Q2 & H1FY26 HIGHLIGHTS • GROWTH ROADMAP: GOALS AND STRATEGY • BKT AT A GLANCE • RECENT ACHIEVEMENTS & MILESTONES • SUSTAINABILITY AT BKT 3
Slide 4: Q2 & H1FY26 Highlights
IBsK/T GROWING TOGETHER Q2 & H1FY26 Highlights mt ee ee ua bt / TM ELL
Slide 5: Performance Snapshot – Q2FY26
Performance Snapshot – Q2FY26 Investor Presentation Sales Volume Revenue 70,252 MT Rs. 2,320 cr -4% YoY -6% YoY EBITDA EBITDA Margin Rs. 500 cr 21.5% -19% YoY -358 bps YoY Net Profit Dividend* Rs. 265 cr Rs. 4/- per equity share -24% YoY All Figures on Standalone basis * 2nd Interim Dividend 5
Slide 6: Performance Snapshot – H1FY26
Performance Snapshot – H1FY26 Investor Presentation Sales Volume Revenue 150,916 MT Rs. 5,079 cr -4% YoY -2% YoY EBITDA EBITDA Margin Rs. 1,155 cr 22.7% -13% YoY -286 bps YoY Net Profit Dividend* Rs. 552 cr Rs. 8/- per equity share -33% YoY All Figures on Standalone basis * Total of 1st and 2nd Inte
Slide 7: Sales Volume Profile
Sales Volume Profile Investor Presentation 3,15,273 3,01,181 2,92,628 1,50,916 Sales Volume FY23 FY24 FY25 H1FY26 Sales volumes in MT All Figures on Standalone basis 7
Slide 8: Volume Profile
Volume Profile Investor Presentation Segmental Sales Channel Sales Geographical Sales 3.7% 1.3% 11.0% 27.7% 39.2% Sales 38.1% Bifurcation H1FY26 H1FY26 H1FY26 58.2% 34.9% 71.0% 14.9% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 8
Slide 9: Profit & Loss
Profit & Loss Investor Presentation Standalone Particulars (Rs in Cr)w Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Sales (MT) 70,252 73,298 -4% 150,916 156,867 -4% Revenue from Operations 2,389 2,436 5,149 5,126 Realized Gain on Foreign Exchange -68 29 -70 81 Total Income 2,320 2,465 -6% 5,079 5,207 -2% Raw
Slide 10: Balance Sheet
Balance Sheet Investor Presentation Particulars (Rs. Cr.) Sep’25 Mar’25 Particulars (Rs. Cr.) Sep’25 Mar’25 ASSETS EQUITY AND LIABILITIES Non-current assets 11,502 10,040 EQUITY 10,443 10,384 Property, Plant and Equipment 6,953 6,834 Equity Share Capital 39 39 Capital work-in-progress 1,757 985 Othe
Slide 11: Cash Flow
Cash Flow Investor Presentation Particulars (Rs. Cr.) H1FY26 FY25 Operating profit before working capital changes 1,161 2,665 Changes in working capital 248 -432 Cash generated from operations 1,409 2,232 Direct taxes paid (net of refund) and others -155 -479 Net Cash from Operating Activities 1,254
Slide 12: Resilient Business Model
Resilient Business Model Investor Presentation Gross Cash and Cash equivalents of Rs. 3,159 Cr as on 30th September, 2025 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along wi
Slide 13: Growth Roadmap: Goals & Strategy
Growth Roadmap: Goals & Strategy
Slide 14: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation 5year CAGR : ~17% ~ Rs. 10,600cr ~ Rs. 23,000 cr 2025 2030 ~ Rs. 23,000 cr by FY30 ~70% ~10% ~20% OHT Segments 3rd Party sales New Tire of Carbon Black Categories for Indian Market 14
Slide 15: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation + = New Growth Capex for Carbon Achieve 8% global market 2.2x Revenue Black, Rubber Tracks and New share in by FY30 Category Tire: OHT segment Rs. 3,500cr over next 3 years 15
Slide 16: OHT Strategy
OHT Strategy Investor Presentation ▪ Agricultural Tires: To sustain and ▪ The on-going capex of 35,000 MTPA further consolidate global leadership along with De-bottlenecking efforts, the ▪ Mining Tires: Only Indian manufacturer OHT tire capacity will increase to to develop All-Steel Radial technolog
Slide 17: OHT Strategy
OHT Strategy Investor Presentation ~70% Revenue Achieve Contribution by ~8% global FY30 market share 17
Slide 18: Expand Carbon Black capacity
Expand Carbon Black capacity Investor Presentation ▪ To capitalize on synergies with tire ▪ Expansion to be completed by early operations and leverage energy and 2026. Increased capacity to ensure raw material integration, the Board of Raw material availability, Energy Directors has approved the cir
Slide 19: Expand Carbon Black capacity
Expand Carbon Black capacity Investor Presentation To become a ~10% Revenue preferred Contribution by supplier for Tire FY30 & Non-Tire segment 19
Slide 20: To enter New Tire verticals for India
To enter New Tire verticals for India Investor Presentation ▪ Planning a modular entry into: ▪ CV Radial tires pilot will ▪ Premium Passenger Car launch in Q4FY26 and will Radial Tires ramp up gradually ▪ Commercial Vehicles ▪ PCR tires pilot will follow in Radial Tires Q3FY27 and will ramp up ▪ Ini
Slide 21: To enter New Tire verticals for India
To enter New Tire verticals for India Investor Presentation ~20% Revenue Achieve ~5% Contribution by market share FY30 21
Slide 22: Competitive Advantages
Competitive Advantages Investor Presentation SCALABLE STRONGER INTEGRATED CARBON INFRASTRUCTURE BRAND EQUITY BLACK PLANT Sufficient land and Investments in The Carbon Black plant upstream brand building will generates power for equipment in place. now generate tire facilities, reducing a Also posses
Slide 23: Result of Competitive Advantages
Result of Competitive Advantages Investor Presentation ROBUST PROFITABILITY OUTLOOK Expect blended margins post full commercialization to be in the range of 23-25% allowing absolute EBITDA to grow significantly On enhanced revenue backed by a superior product mix and operational strengths, do not an
Slide 24: BKT At A Glance
GROWING TOGETHER BKT At A Glance
Slide 25: Balkrishna Industries Ltd.: Wheels of Excellence
Balkrishna Industries Ltd.: Wheels of Excellence Investor Presentation Global Leadership Wide and Global distribution in Off-Highway comprehensive network Tires product portfolio Sales to over 160 countries through Distribution network in India’s foremost exporter in the A deep understanding of the
Slide 26: BKT Through the Years
BKT Through the Years Investor Presentation 1987 - 1st Plant in Aurangabad 2021 - Commercialized new replacement inaugurated by our Founder 2004 - Launch of Radial Agrimax Tires 2011 - Rebranding of BKT plant at Waluj (Waluj 2) with capacity of Chairman, Late Mr. M P Poddarr 30,000 MTPA 2006 - Plant
Slide 27: Our Manufacturing Base
Manufacturing Footprint: Tires & Carbon Black Investor Presentation Waluj, Maharashtra Our Manufacturing Base Bhiwadi, Rajasthan India Chopanki, Rajasthan Bhuj, Gujarat Tire Carbon Black Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representa
Slide 28: Serving Global OEMs
Serving Global OEMs Investor Presentation The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 28
Slide 29: Board of Directors
Board of Directors Investor Presentation Arvind Poddar Rajiv Poddar Vipul Shah Vijaylaxmi Poddar Chairman, Managing Director and Joint Managing Director and Director and Company Secretary Non-Executive — Non- member of Business Responsibility member of Business Independent Director and Sustainabilit
Slide 30: Recent Achievements & Milestones
Recent Achievements & Milestones
Slide 31: BKT Receives Caterpillar Excellence Level Recognition
BKT Receives Caterpillar Investor Presentation “Excellence Level” Recognition for Fourth Consecutive Year BKT received the “Excellence Level” award from Caterpillar’s Global Supplier Excellence Recognition (SER) program for outstanding performance in quality, delivery, and customer support 31
Slide 32: BKT Sets Up Advanced R&D Base at NATRAX
BKT Sets Up Advanced R&D Base at NATRAX Investor Presentation BKT inaugurated a dedicated Vehicle Dynamics & Testing (VD&T) base at the National Automotive Test Tracks (NATRAX) in Indore, Asia’s second largest and longest test track facility 32
Slide 33: BKT Bhuj Plant Achieves Five-Star Rating from British Safety Council
BKT Bhuj Plant Achieves Five-Star Rating Investor Presentation from British Safety Council BKT Bhuj plant achieved a Five-Star grading in the British Safety Council’s Occupational Health and Safety Audit, reflecting best-in-class standards in workplace safety, health management, and risk control sys
Slide 34: BKT Partners with RFEF to Support Spanish Football
BKT Partners with RFEF to Investor Presentation Support Spanish Football BKT has entered a four-year partnership with RFEF as the official sponsor of Spanish referees and Official Tire Partner of the Copa del Rey Final, reinforcing its commitment to sport as a platform for growth, inclusion, and soc
Slide 35: BKT Partners with Cricket Australia
BKT Partners with Cricket Australia Investor Presentation to Support Australian Cricket BKT Tires has been announced as the naming- rights partner for Cricket Australia’s men’s ODI and T20I series against India, taking place across Australia from October 19. The partnership reinforces BKT’s ongoing
Slide 36: Well recognized International Brand
Well recognized International Brand Investor Presentation 36
Slide 37: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Immagine che contiene persona, vestiti, uomo, aria aperta Descrizione generata automaticamente Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 37
Slide 38: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Ravichandran Ashwin is the Brand Ambassador of BKT 38
Slide 39: Sustainability at BKT
Sustainability at BKT
Slide 40: ESG Approach
ESG Approch Investor Presentation ENVIRONMENT SOCIAL GOVERNANCE • Sustainable Strategy for Climate • Labour Management and Human • Economic Performance Resilience Rights • Corporate Governance • Energy Management • Training, Education and Wellbeing • Business Ethics and Compliance • Emission Managem
Slide 41: ESG Priorities & Progress
ESG Priorities & Progress Investor Presentation Strategic ESG priorities: Progress that’s measurable Our approach to ESG is both strategic and outcomes-driven, centred on four core themes. Climate Circularity Inclusive Integrity-led resilience growth governance Demonstrated tangible progress across
Slide 42: Advancing Healthcare, Education & Community Well-being
Advancing Healthcare, Education & Investor Presentation Community Well-being • Donated robotic surgery systems to AIMS Thane & KEM Hospital Mumbai • Supported Tata Memorial Hospital for Healthcare cancer care access Access & • Partnered with BAVP to strengthen rural Technology healthcare & expand He
Slide 43: Empowering People, Driving Excellence
Empowering People, Driving Excellence Investor Presentation A culture built on trust, inclusion, safety, 4,36,484+ 0 and innovation — empowering our people to lead BKT’s journey forward, together with purpose hours training provided to Cases of human employees and workers rights violation and convic
Slide 44: Ratings
Ratings Investor Presentation S&P Global ESG score: 53 (+11), Top among Indian Industry Peers CRISIL Rating: AA/Positive to AA+/Stable Crisil ESG Rating: 57 (+3), Adequate 44
Slide 45: Thank You
Thank You Company Investor Relations Advisor Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S. Bajaj - Senior President & Director Mr. Shogun Jain (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com investors@bk
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