Balkrishna Industries Stock Faces 'HOLD' Call: Q2 FY26 Results Miss Estimates, Analysts See Limited Upside

Overview

Balkrishna Industries reported a weaker-than-expected Q2 FY26, with revenue falling 1.1% year-on-year to INR 23,935 million due to softer global demand and an adverse business mix. Profitability was also impacted by subdued scale and a higher tax rate. Analysts have rolled forward valuations to September 2027 estimates and maintained a "HOLD" rating with a target price of INR 2,370, citing constrained near-term visibility.