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Bajaj Auto reported a strong June quarter, helped by record exports and healthy demand in both domestic and overseas markets.
By the numbers: two-wheeler maker posted a 42% YoY jump in net profit to ₹2,983 crore, while revenue climbed 37% to ₹17,244 crore. Margin improved to 20.9% from 19.7% a year ago.
What's driving the growth: Bajaj Auto sold 29% more vehicles than last year, while the average price of each vehicle also increased by 11%.
The biggest highlight was exports, which delivered their best-ever quarterly performance. The motorcycle business also recorded strong double-digit revenue growth.
Since it earns a large share of its revenue from exports, every dollar of overseas sales translated into more rupees, lifting its earnings. Basically, the company benefited from a weaker rupee.
What's next: The company plans to launch upgraded models in its popular 125cc-160cc motorcycle segment, where competition has been heating up.
Zoom out: in first-quarter passenger vehicle (PV) sales touched an all-time high of 12,73,811 units. Meanwhile, in June and the first quarter of FY27, PV dispatched rose 24.1% year-on-year to 3,88,144 units last month.
According to SIAM, growth wasn't limited to passenger vehicles. Two-wheelers, commercial vehicles and three-wheelers also posted strong sales, supported by steady domestic demand. Exports across all major vehicle categories also hit record levels during the quarter, despite geopolitical tensions in West Asia.
