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Balkrishna Industries Ltd (BKT) has announced it has successfully completed its Carbon Black expansion

ICICIdirect Research 30 Jun 2026 DISCLAIMER

News: In a press release, Balkrishna Industries Ltd (BKT) has announced it has successfully completed its Carbon Black expansion project, increasing production capacity from 2,65,000 MTPA to 3,60,000 MTPA with an investment of ₹800 crore funded through internal accruals. The expansion aligns with the company’s long-term growth strategy and strengthens its manufacturing capabilities for future demand

View: Carbon black currently accounts for ~8% of revenues at BKT, and the fresh capacity is expected to support topline growth, cost efficiencies, and scale benefits through FY27 and reaching ~10% revenue contribution by 2030. The expansion of carbon black capacity is a strategically positive step for BKT, addressing one of the key inputs in tyre production and reducing dependence on volatile merchant markets. BKT is targeting ₹23,000 crores in revenue by FY30 (2.2x over FY25-30), driven by market share gains ambition in the OHT segment led by expansion into new categories including rubber tracks, mining etc., scale of its carbon black business & venture into domestic TBR & PCR segments. 

Impact: Neutral

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