[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  SBI Securities [@_sbisecurities](/creator/twitter/_sbisecurities) on x 11.8K followers Created: 2025-07-28 09:34:32 UTC Balkrishna Industries Ltd (CMP: Rs XXXXX | Mkt Cap: Rs XXXXXX cr) Key Concall Takeaways 🔹Despite the sharp margin drop in 1QFY26, management remains confident of achieving the guided 24-25% EBITDA margin in FY26E 🔹No inventory correction in export markets of Europe and USA. Tariff related uncertainty impacted the overall demand environment 🔹Company had to absorb ~40% of the tariff impact while XX% was borne by the OEM/distributor and XX% by the end customer 🔹This trend is continuing in the current quarter as well. This expense gets recorded in other expenses and has impacted the EBITDA margin alongwith lower gross margins 🔹Competitors, both exporters as well as manufacturers in the USA are following the same strategy with no major difference in the product pricing. While US based manufacturers do not have to face tariffs, they import most of their raw materials from Asia which are facing tariffs resulting in higher input costs 🔹India business continues to be strong reflecting in the higher share of domestic sales during 1QFY26 🔹Raw material cost was flat QoQ and is expected to stay the same in 2QFY26 as lower costs in most of the raw materials is getting offset by higher natural rubber prices 🔹Company does not import any raw material/equipment from Russia and hence no impact of the fresh sanctions imposed on Russia Disclaimer :  XXX engagements  **Related Topics** [tariffs](/topic/tariffs) [united states](/topic/united-states) [$6753t](/topic/$6753t) [rs](/topic/rs) [Post Link](https://x.com/_sbisecurities/status/1949765405263999086)
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SBI Securities @_sbisecurities on x 11.8K followers
Created: 2025-07-28 09:34:32 UTC
Balkrishna Industries Ltd
(CMP: Rs XXXXX | Mkt Cap: Rs XXXXXX cr)
Key Concall Takeaways 🔹Despite the sharp margin drop in 1QFY26, management remains confident of achieving the guided 24-25% EBITDA margin in FY26E 🔹No inventory correction in export markets of Europe and USA. Tariff related uncertainty impacted the overall demand environment 🔹Company had to absorb ~40% of the tariff impact while XX% was borne by the OEM/distributor and XX% by the end customer 🔹This trend is continuing in the current quarter as well. This expense gets recorded in other expenses and has impacted the EBITDA margin alongwith lower gross margins 🔹Competitors, both exporters as well as manufacturers in the USA are following the same strategy with no major difference in the product pricing. While US based manufacturers do not have to face tariffs, they import most of their raw materials from Asia which are facing tariffs resulting in higher input costs 🔹India business continues to be strong reflecting in the higher share of domestic sales during 1QFY26 🔹Raw material cost was flat QoQ and is expected to stay the same in 2QFY26 as lower costs in most of the raw materials is getting offset by higher natural rubber prices 🔹Company does not import any raw material/equipment from Russia and hence no impact of the fresh sanctions imposed on Russia
Disclaimer :
XXX engagements
Related Topics tariffs united states $6753t rs