Analysts/Institutional Investor Meet/Con. Call Updates

No. BIL/SE/2026-27 5th August, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 (Equity) Trading Symbol: BALKRISIND Scrip Code : 977667 (Debt) (INE787D 08047) Scrip Code : 977668 (Debt) (INE787D 08039) Scrip Code : 977669 (Debt) (INE787D 08054) Dear Sir/Madam, Subject: Transcript of Conference call with Investors/Analysts conducted on Thursday, 30th July, 2026 at 11:00 AM (IST), to discuss Q1 & FY27 Results of the Compny In continuation of our letter dated 27th July, 2026 and 30th July, 2026 intimating about the earnings conference call and audio recording of conference call respectively with Investors/Analysts and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of conference call with Investors/Analysts related to Q1 & FY27 Results of the Company held on Thursday, 30th July, 2026. This information will also be hosted on the Company’s website at https://www.bkt-tires.com/ww/us/investors-desk . You are requested to kindly take the above information on record and disseminate. Thanking you, Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary and Compliance Officer DIN: 05199526 Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar – 431 136, Maharashtra, India “Balkrishna Industries Limited Q1 FY27 Earnings Conference Call” July 30, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 30th July 2026 will prevail. MANAGEMENT: MR. RAJIV PODDAR – JOINT MANAGING DIRECTOR MR. SAROJ KHUNTIA – CHIEF FINANCIAL OFFICER MR. SATISH SHARMA – SENIOR PRESIDENT AND DIRECTOR, STRATEGY AND BUSINESS DEVELOPMENT MR. M.S. BAJAJ - SPECIAL ADVISER TO CHAIRMAN AND MANAGING DIRECTOR MR. SUSHIL MISHRA – HEAD, ACCOUNTS SGA, INVESTOR RELATIONS ADVISORS Page 1 of 13 Balkrishna Industries Limited July 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Balkrishna Industries Limited Q1 FY '27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and may involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Rajiv Poddar, Joint Managing Director. Thank you, and over to you, sir. Rajiv Poddar: Thank you, Manas. Good morning, everyone, and thank you for joining us today. Today, along with me, I have Mr. Satish Sharma, Senior President and Director of Strategy and Business Development. Our new CFO, Mr. Saroj Khuntia; Mr. Sushil Mishra, our Head of Accounts; Mr. M.S. Bajaj, Special Adviser to Chairman and Managing Director; along with SGA, our IR Advisor. Let me begin by introducing Mr. Saroj, our new CFO. Saroj is a Chartered Accountant with more than 24 years of experience across corporate finance, strategy, treasury management, capital markets, taxation, governance, risk management, M&A and finance transformation. Prior to joining us, Saroj served as Vice President, Finance at CG Power and Industrial Solutions. Earlier, he held CFO positions at Mahindra Accelo, Mahindra Electric Mobility and Mahindra Retail, among other leadership roles within the Mahindra Group. Prior to that, he was associated with IBM and Hindustan Unilever. Let me now begin my remarks on the quarter performance. Q1 started on a positive note for us. We delivered our highest quarterly sales volume in OHT segment. This performance is despite the challenges across many international geographies and end markets as well as within the supply chain. As guided earlier, we are closely monitoring supply chain disruptions and have taken price hikes along with the increasing efforts towards the superior product mix to partially offset this impact. Further, during Q1, we have launched our on-road products in the TBR and 2-wheeler segment in domestic market. Let me share highlights of our OHT business. We continued the momentum of previous quarter, well into Q1. We reported our highest ever sales volume. We delivered 16% sales volume growth on a year-on-year basis. This performance Page 2 of 13 Balkrishna Industries Limited July 30, 2026 was led by decent uptick in our end markets and segments. In Europe, we witnessed a stable environment. We are working with channel partners across the key markets to further up our market share in this large and key geography for us. India performed exceptionally well in Q1 despite of a high base from last year. Our marketing efforts along with superior product range is helping us gain market share. The growing infra capex in India is also aiding to our performance. In the Americas, with the tariff rate settling at 10% levels, we have seen a better performance led by the U.S.A. With a sharper go-to-market strategy and stable end markets, we expect growth momentum to sustain. In Americas, we have a long runway of growth in the times to come, given the brand positioning for BKT and the focus on high-quality products for that market. For upcoming quarters, we would like to highlight geopolitical uncertainty with supply chain impacts on both availability of materials as well as the costs, availability of vessels, containers and freight costs as well. These, along with weather challenges in Europe and the sketchy monsoon expected in India, are key variables towards near-term performance -. I will now share some insight into our Carbon Black business. I'm happy to share that we have appointed Mr. Ashish Kumar Datta as Business Head for Carbon Black effective July 3, 2026. Ashish brings along with him 36 years of cross-functional leadership experience across the chemicals, coatingsand polymer industry and -spanning for both domestic and international businesses. He joins us from Lubrizol Advanced Materials, (a Berkshire Hathaway company), where as Business Director for South Asia and South Africa, he carried full responsibility - for the region's performance of coatings business. Over his career, he has held senior leadership positions in Toyo Ink, Valspar, DIC India and Shalimar Paints, and began his career as an R&D Chemist at Asian Paints. A graduate of the institute of ICT, Mumbai, with a degree in Polymer Technology, Ashish also holds an MBA from NMIMS and has completed Executive Education at Harvard. His strong grounding in chemical and polymer technology, combined with deep P&L and commercial leadership knowledge, positions him well to lead our growth in the Carbon Black business. Let me now share some business highlights of this vertical: For Q1 '27, our Carbon Black business recorded decent volume growth on a year-on-year basis with third-party sales at around 10% of overall business. In this quarter, we commissioned our Phase II of Carbon Black plant, taking the total capacity to 360,000 -MTPA. For the energy circularity model, we have also increased our captive power plant to 64 megawatts. Going forward, we expect geopolitical challenges to impact the pricing and supply of Carbon Black on the back of [Showing first 8,000 characters — download PDF for full document]