Balkrishna Industries has a good export presence as 83% of FY22 volumes for the company came from exports. The company has a strong presence in Europe, contributing to 51.6% of the total revenue. According to the company’s recent earnings call, the global market share of the company was about 5%-6%. In segmental sales, the agriculture segments had the majority share of 65.5% in volumes for FY22.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage