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Anand Rathi Report
For the next few years we expect Balkrishna Industries Ltd.'s volume growth to be very strong, primarily driven by agriculture and the off-the-road segments across major markets such as Europe, the Americas and India.
Accordingly, we expect a 16% growth in volumes in FY22 to 263,473 million tonnes per annum.
Therefore, we expect the top line to grow 29% YoY in FY22.
For FY23, we expect volume and revenues to grow 10% and 12% YoY respectively.
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