Balkrishna Industries Q4 Review - In High Gear But Priced In: Dolat Capital

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Dolat Capital Report

Balkrishna Industries Ltd. reported impressive numbers in Q4 with revenue/Ebitda growth 29/45% YoY with expansion of Ebitda margin 359 basis points YoY (down 63 basis points QoQ) to 31%.

Management stated that retail sales are strong across regions led by strong demand for agriculture and off-the-road tyres and will focus on existing geographies of Europe, the U.S. and India, and other potential markets like Russia and Australia to drive growth over the next two to three years.

The management has given a volume guidance of 250-265,000 metric tonne (10- 17% YoY growth) for FY22.

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