CEOInterviews.AI
Start App
Baba Kalyani
Baba Kalyani
Chairman, Bharat Forge
Watch

Next Year Growth Should Be Above 50% For Defence Business: Bharat Forge | CNBC TV18

📅 Feb 12, 2026 CNBC-TV18 8 MIN 492 VIEWS 9 SEGMENTS · 2 SPEAKERS
#3QWithCNBCTV18 | #BharatForge #Q3FY26 Steady, Revenue In-Line & EBITDA Above Estimate @BharatForgeLtd's Baba Kalyani To CNBC-TV18 Seeing Recovery In North America Business Next Year Growth Should Be Above 50% For Defence Business Expect Production Clearance For ATAGS Order To Come By March #bharatforge #bharatforgeshare #babakalyani #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf ---------------------------------------------------------------------...

Questions asked in this interview

3
  1. 0:00Could you tell us a couple of parameters with regard to how things are expected to improve from here on, and more importantly, if you have to guide us for FY27, what kind of growth should we be looking at? Mid-teens growth?
  2. 0:48Are you seeing a stark improvement in the North American market?
  3. 1:09On the Advanced Towed Artillery Gun System, that is the ATAGS system, is there a delay, Mr. Kalyani?
Interviewer 0:00 ↗
Baba Kalyani, the CMD of the company, joins us on the show. Hi Mr. Kalyani, good to speak to you this afternoon. Numbers looked a little bit softish, but you're clearly stating that the worst is behind. Could you tell us a couple of parameters with regard to how things are expected to improve from here on, and more importantly, if you have to guide us for FY27, what kind of growth should we be looking at? Mid-teens growth?
Baba Kalyani 0:22 ↗
Well, I would expect to see a high growth in high 20s. High 20s for the next year. And the reason why you see softness in our Q3 is because the US market was soft. So we had to do a lot of de-stocking. But now we are firing on all cylinders.
Interviewer 0:48 ↗
Okay. All right. So high 20, 25% plus growth is what you're guiding for FY27. Are you seeing a stark improvement in the North American market?
Baba Kalyani 0:58 ↗
Yeah, absolutely. It's coming back to normal. The whole market was down 50%. So you're seeing almost a 50% improvement in that.

5 more exchanges in this transcript

Sign in free to read the rest of this interview. No card required.

Sign in to read the full transcript

Cite this transcript

APA, MLA, BibTeX
APA

Kalyani, B. (2026, February 12). Next Year Growth Should Be Above 50% For Defence Business: Bharat Forge | CNBC TV18 [Interview transcript]. CNBC-TV18. CEOInterviews.AI. https://ceointerviews.ai/interview/700205/

MLA

Baba Kalyani. "Next Year Growth Should Be Above 50% For Defence Business: Bharat Forge | CNBC TV18." CNBC-TV18, 12 Feb. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/700205/.

BibTeX 
@misc{kalyani2026_700205,
  author       = {Baba Kalyani},
  title        = {Next Year Growth Should Be Above 50\% For Defence Business: Bharat Forge | CNBC TV18},
  howpublished = {Interview transcript, CNBC-TV18. CEOInterviews.AI},
  year         = {2026},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/700205/},
  note         = {Speaker-attributed transcript with timestamps}
}