Agri tyre exports to sustain sales growth for Balkrishna Industries

However the upsides are capped given stock gains and margin pressures

Topics
Balkrishna Industries | Markets | Tyre exports

Ram Prasad Sahu 

Strong growth in agriculture tyre exports in October and expected recovery in off the road tyres could help Balkrishna Industries sustain its sales growth trajectory going ahead. Export performance and robust September quarter numbers has helped the stock gain over 23 per cent over the last month.

After a 67 per cent YoY growth in exports of agricultural tyres in September, expansion in this segment was 38 per cent in October. The company is the main beneficiary of strong export demand for agri tyres as the segment accounted for 64 per cent of its revenues in the first half of FY21. ...

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First Published: Tue, November 24 2020. 18:03 IST
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