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Balkrishna Industries Ltd. reported spectacular numbers in Q1 and recorded its highest ever quarterly quantity led by sturdy quantity in each agriculture and off-the-road segments.
On the margin entrance, Ebitda margin contracted 276 foundation factors QoQ on elevated uncooked materials and logistic value.
Administration acknowledged that retail gross sales are sturdy throughout areas led by sturdy demand for agriculture and OTR tyres.
The administration intact with its quantity steering of 250,000-265,000 million tonne (10-17% YoY development) for FY22.
Present stock stands at regular degree 35-40 days.
With a view to mitigate uncooked materials value inflation, Balkrishna Industries has taken worth hikes of three% in Q1 and one other 3% in July 2021.
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