Balkrishna Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 8, 2026, recommended Final Dividend of 4 per equity share, subject to the approval of the members of the Company at the ensuing Annual General Meeting.
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On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 2.1 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Balkrishna Industries (BKT Tires) reported FY26 standalone revenue of Rs 10,820 crore, up 4% from Rs 10,413 crore last year. However, profit after tax declined 25% to Rs 1,222 crore from Rs 1,628 crore, with EPS falling to Rs 63.20 from Rs 84.23. The Board recommended a final dividend of Rs 4 per share (200% on Rs 2 face value), subject to shareholder approval at the 64th AGM. Additionally, the Board approved Rs 2,000 crore additional capex for capacity expansion and appointed Deloitte Haskins & Sells LLP as joint statutory auditor for 5 years.
The profit decline despite revenue growth signals margin pressure, which could weigh on near-term stock performance. However, the maintained dividend and aggressive capex plans indicate management confidence in long-term growth prospects.