Bajaj Auto Q1 FY26 Results: Record Profit and Strong Exports Drive Growth Amidst EV Push

Bajaj Auto began FY26 on a strong note, reporting a 14% rise in consolidated net profit for Q1, driven by robust export performance and growing contributions from its electric and premium motorcycle segments. The company’s net profit reached ₹2,210 crore in Q1 FY26, compared to ₹1,942 crore in the same quarter last year, while revenue from operations rose by 10% to ₹13,133 crore.

Despite a decline in domestic volumes, Bajaj managed to improve profitability through a better product mix, with higher sales of premium bikes and increased export realisations. Its international business witnessed a revival, especially in African and Latin American markets, as macroeconomic conditions stabilized and forex availability improved.

On the EV front, Bajaj’s Chetak electric scooter line saw sales double year-on-year. The Chetak range now contributes over 20% of domestic revenue, reflecting growing consumer interest in clean mobility. The company also reported encouraging momentum in its premium offerings including KTM and Triumph, which continued to expand their presence across key urban centers.

Margins saw a slight contraction due to input cost variations and product mix, with EBITDA margin settling at 19.7%, slightly down from 20.3% last year. Still, strong cost controls and pricing power allowed the company to maintain profitability at record levels.

Looking ahead, Bajaj Auto is optimistic about further gains from its electric mobility strategy, increasing export demand, and new model launches in both ICE and EV categories. Expansion of the Chetak dealership network to 200+ cities and the ramp-up of the EV production capacity at the Akurdi facility are key focus areas for the company.

📊 Key Financial Highlights – Bajaj Auto (Q1 FY26):

• Consolidated Net Profit: ₹2,210 crore (up 14% YoY)

• Revenue from Operations: ₹13,133 crore (up 10% YoY)

• EBITDA: ~₹2,482–₹2,793 crore (varies by cost structure)

• EBITDA Margin: 19.7% (vs 20.3% in Q1 FY25)

• Total Volumes: 11.11 lakh units (+1% YoY)

• Export Volumes: 4.76 lakh units (up 16% YoY)

• Domestic Volumes: Down 8% YoY

• Chetak EV Sales: Doubled YoY; over 20% of domestic revenue

• Premium Segment (KTM, Triumph): Strong YoY growths.

source:-hindustan times,economic times