India · Delayed Price · Currency is INR Bajaj Auto Earnings Call Transcripts
Fiscal Year 2026
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Record quarterly revenue and profitability driven by strong growth across all business units, with exports, premium motorcycles, and electric vehicles leading the momentum. Management expects double-digit growth to continue, supported by new launches and robust export performance.
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Q2 FY26 saw record revenue, EBITDA, and PAT, driven by strong festive demand, GST cuts, and robust export and domestic performance. EVs contributed 18% of domestic revenue with double-digit margins, and the company is set to gain full control of KTM.
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Q1 FY2026 saw robust revenue and profit growth, led by strong export, premium, and EV performance, despite supply chain and currency headwinds. Market share gains in key segments and improved EV profitability were achieved, with continued focus on cost control and strategic investments.
Fiscal Year 2025
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Record FY 2025 results with revenue over INR 50,000 crore and EBITDA above INR 10,000 crore, driven by strong export recovery, EV leadership, and robust financials. Exports and domestic 125cc+ motorcycles are key growth areas, with margin pressures expected from commodity and currency volatility.
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Q3 saw strong revenue and profit growth, with record market shares in electric vehicles and exports rebounding, especially in Latin America. Margins remained above 20%, and the green energy portfolio now accounts for 44% of domestic revenue.
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Q2 FY25 saw record revenue and EBITDA, driven by strong growth in domestic, export, and green portfolios. Margins remained robust despite commodity inflation and investments in EVs, with continued leadership focus in key segments and strategic expansion in Brazil and financing arms.
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Q1 FY25 saw 16% revenue and 24% EBITDA growth, with strong domestic and export performance, robust EV expansion, and record spares sales. New growth platforms, including CNG bikes and expanded EV offerings, position the company for continued momentum despite commodity cost pressures.