Bajaj Auto Ltd — Q4FY26 earnings call summary

Filed 12 May 2026 · Official transcript

Commodity inflation expected 3.5-4% revenue impact in Q1FY27; 40% offset by price hikes; currency tailwind INR94-95/USD
FY26 revenue INR58,000+ Cr (+17%), EBITDA INR12,000+ Cr (20.5% margin), PAT INR9,825 Cr (+21%) with record volumes of 5 mn units
Electric 2W and 3W business EBITDA margin reached double digits; Chetak capacity at 50k/month
KTM consolidated from Nov 2025; turnaround plan underway; BACL lending book doubled with PAT INR665 Cr
Near-term motorcycle growth expected 7-9%, led by 125cc+ and 150cc+ segments; EV 3W and 2W growth accelerating
Exports strong with 25% volume growth in Q4; Nigeria stabilizing, Latam and Asia outperforming
Supply chain and LPG shortages caused 10-15% demand servicing impact in April; logistics managed well despite container challenges
Q4FY26 revenue crossed INR16,000 Cr (+32% y-y), EBITDA INR3,323 Cr (20.8% margin), PAT INR2,746 Cr (+34% y-y)