Bajaj Auto Ltd.Record Quarter Despite Hyperinflation

Bajaj Auto delivered its strongest quarterly performance with volumes reaching 1.4 million units and revenue hitting a record ₹17,244 crore, up 37% year-on-year.

Profit after tax surged 42% to ₹2,998 crore while EBITDA margins expanded 110 basis points to 20.9% despite absorbing 4.5% revenue impact from hyperinflation across commodities. The company successfully navigated this challenging environment through calibrated pricing, favorable rupee realization at ₹94.4, and cost rationalization. Export volumes reached an all-time high of 732,000 units, contributing 40% of revenue, with three-wheeler exports commanding over 65% market share.

The EV business now represents 30% of domestic revenue with double-digit EBITDA margins, while Chetak grew 80% year-on-year. Management announced a 25% capacity expansion from 7 million to 9 million units annually, targeting EVs, high-end motorcycles, and three-wheelers. A major product offensive includes 10 new variants and 2 brand-new Pulsar models launching within six weeks, alongside export targets exceeding 250,000 units monthly from Q2 onwards.