New Delhi, May 26 -- Balkrishna Industries Ltd is entering new segments - a decision that overshadowed the positives in its March quarter (Q4 of FY25) results such as the sequential improvement in off-highway tyres (OHT) volumes. Balkrishna's shares fell over 5% on Monday.

From being a niche OHT company, Balkrishna is pivoting to the premium passenger car radial (PCR) and truck and bus radial (TBR) categories in the domestic market. A pilot launch for TBR is expected in Q4 of FY26 and for PCR in Q3 of FY27. Balkrishna eyes a 5% market share by 2030 in the new segments with revenue expected to come only from FY28.

Balkrishna expects this move to be margin non-dilutive and does not see any material impact on long-term return on capital em...