Balkrishna Industries' Growth in Global Off-Highway Tyre Market
ET Family Business Awards: Off the beaten highway, A ticket to ride in 160 countries
The Economic Times
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Balkrishna Industries Ltd (BKT), a leading player in the off-highway tyre market, has significantly increased its exports, contributing 71% of its consolidated revenue of ₹7,402.73 crore (approximately $890 million USD) in FY25. The company aims for ₹23,000 crore (around $2.8 billion USD) in revenue by FY30 through diversification and capital investment.
- 01BKT's exports account for 71% of its revenue, indicating strong international demand.
- 02The company reported a consolidated revenue growth of 12% to ₹10,446.95 crore (approximately $1.25 billion USD) in FY25.
- 03Agriculture is the largest sector, contributing nearly 60% of BKT's sales.
- 04BKT plans to invest ₹3,500 crore (around $420 million USD) to diversify into passenger and commercial vehicle tyres.
- 05The company aims to achieve ₹23,000 crore (approximately $2.8 billion USD) in revenue by FY30.
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Balkrishna Industries Ltd (BKT), headquartered in Waluj and Bhuj, India, has established a strong presence in the global off-highway tyre (OHT) market over the past three decades. The company reported a consolidated revenue of ₹10,446.95 crore (approximately $1.25 billion USD) in FY25, marking a 12% increase from the previous year. Exports are crucial to BKT's business, contributing 71% of revenue, with agriculture representing nearly 60% of sales. BKT exports to over 160 countries, with Europe as the leading market at 45.1% of total exports. The company operates nine manufacturing plants in India and has plans to invest ₹3,500 crore (around $420 million USD) over the next three years to diversify into passenger car and commercial vehicle tyres. BKT aims to achieve a revenue target of ₹23,000 crore (approximately $2.8 billion USD) by FY30, reflecting its commitment to growth and innovation in the tyre industry.
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BKT's growth and expansion plans could lead to increased job opportunities in manufacturing and related sectors in India.
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