Balkrishna Industries – Strong Volume Growth In Q4, Capacity Expansion: Anand Rathi

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For the next few years we expect Balkrishna Industries Ltd.’s volume growth to be very strong, primarily driven by agriculture and the off-the-road segments across major markets such as Europe, the Americas and India.

Accordingly, we expect a 16% growth in volumes in FY22 to 263,473 million tonnes per annum.

Therefore, we expect the top line to grow 29% YoY in FY22.

For FY23, we expect volume and revenues to grow 10% and 12% YoY respectively.

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Anand Rathi Balkrishna Industries Company Update.pdf


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