| EBITDA Margin: guided vs achieved | 20.80% achieved Guided 20.00%, 4.0% above the top of the range; confirmed by management |
|---|---|
| Management target | Revenue 9.0% FY27 |
| Revenue growth | Record 32% YoY growth in Q4, broad-based across segments. |
|---|---|
| Margins | Sustained 20%+ margins; facing 3-4% commodity inflation pressure. |
| Demand visibility | Softening in Q1 motorcycle industry; strong visibility in high-end EV segments. |
| Management confidence | Balanced; celebrating record performance while being cautious about Q1 headwinds. |
Growth
Volume growth of 24% translated to 32% revenue growth; high-end KTM/Triumph and three-wheelers outperformed.
Outlook
Export volume targets of 220k units/month; FY27 motorcycle industry growth expected to slow to 7-9%.
Risks
Middle East geopolitical tension, potential 3-5% margin erosion from metal prices, and fuel availability in Nigeria.
Last quarter's promises, checked
Delivered
- Guided 50-60 bps cost inflation → delivered 40 bps (= BEAT)
- Guided 200k export units/month → delivered 200k+ avg (= BEAT)
- Guided EBITDA margin 20% → delivered 20.8% (= BEAT)
Partly delivered
- Guided Nigeria recovery → delivered FY26 volumes equal to FY25 but below peak (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: BAJAJ-AUTO. Summary written with AI assistance from the document.
Bajaj Auto Ltd: key numbers
- Share price
- ₹9,884.00
- Market cap
- ₹2,76,256 Cr
- Revenue (annual)
- ₹62,905 Cr
- Net profit (annual)
- ₹10,744 Cr
- P/E (TTM)
- 23.5×Sector 31.7×
- Promoter holding
- 55.01%+0.00% QoQ
- FII holding
- 9.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Bajaj Auto Ltd
All →Bajaj Auto Credit Rating
Bajaj Auto Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited for various bank facilities totaling ₹891.75 Crore.
- Value
- ₹891.8 Cr
Bajaj Auto Business Update
Bajaj Auto reported total sales of 5,35,764 units for August 2026, marking a 28% increase in volume compared to August 2025.
Bajaj Auto Results Update
Bajaj Auto's step-down subsidiary, Bajaj Mobility AG, reported H1 2026 revenue of EUR 701.4 million. The subsidiary achieved positive EBITDA of EUR 37.6 million following restructuring.
- Value
- ₹7,786 Cr
Bajaj Auto Credit Rating
India Ratings affirmed IND AAA/Stable/IND A1+ ratings for Bajaj Auto's bank loan facilities worth ₹1,200 Crore. This intimation fulfills regulatory disclosure requirements.
- Value
- ₹1,200 Cr
Bajaj Auto Capital Structure Change
Life Insurance Corporation of India increased its stake in Bajaj Auto Ltd to 5.003% through a market purchase. The acquisition involved 44,800 shares on August 17, 2026.
Bajaj Auto Business Update
Bajaj Auto reported sales of 4,74,677 units for July 2026. This monthly update provides operational volume data across its two-wheeler and commercial vehicle segments.