1. At a Glance
BKT, the king of off-highway tyres, posted Q1 profits down 41% YoY despite stable sales. Margins deflated like an under-inflated tractor tyre, leaving investors with a bumpy ride.
2. Introduction with Hook
Imagine a Formula 1 car suddenly switching to bullock cart wheels – that’s BKT’s Q1. While global demand wobbled, costs rose, and profits skidded. Still, with 3,200 SKUs and a 5-6% global share, BKT remains the big fish in its muddy pond.
3. Business Model (WTF Do They Even Do?)
BKT makes off-highway tyres for agriculture, mining, construction, and industrial use. Basically, if your vehicle is not on the highway, it’s probably using BKT tyres. They sell globally, with exports being a strong revenue driver.
4. Financials Overview
- Revenue (Q1 FY26): ₹2,760 Cr (+1.7% YoY)
- Net Profit (Q1 FY26): ₹288 Cr
