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Q1 FY26Automobiles

Bajaj Auto Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹11,700
Market cap₹3.2L Cr
P/E27.3
Updated23 Aug 2026
Read4 min read

The short version

Expect 5% to 6% growth in domestic sales going forward, supported by festive season uptick (Page 10). Bajaj Auto delivered resilient financial results with revenue growth of 6% and EBITDA growth of 3% YoY, signaling steady performance.

From Bajaj Auto's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Expect 5% to 6% growth in domestic sales going forward, supported by festive season uptick (Page 10).
  • Premium motorcycles, commercial vehicles, and Chetak electric scooter segments to drive double-digit growth, offsetting subdued domestic motorcycle performance (Page 7).
  • Exports recovering strongly with all-time high revenue, led by Latin America and Africa markets; export volumes still 20-25% below FY22 levels but improving (Page 7).
  • Electric two-wheelers and three-wheelers expected to scale up from 2026-27, with current focus on product acceptance and playbook development (Page 18).

2 more points from Bajaj Auto's call on revenue

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Profitability & Margins

See what Bajaj Auto said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex during the quarter stood at approximately INR100 crores, expected to progressively increase to about INR600-700 crores for the rest of the year.
  • Capex spend is almost equally split between supporting EV capabilities and ICE innovation.
  • Bajaj Auto Credit Limited (BACL) received an infusion of INR300 crores this quarter, taking cumulative investment to INR2,700 crores.
  • Investments aim to strategically deploy surplus cash (around INR17,000 crores available) across growth vectors.
  • Focus on expanding capacity, for example, raising EV production capacity from 20,000 to 30,000 units, aiming for 50,000 units in Q4 and further expansions in FY '27 and '28.

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Top-ranked in Automobiles

Ranked on what management guided this quarter

Guidance-ranked
1Wardwizard Inno.
Rev 1Mar 1
2Ather Energy Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Bajaj Auto said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages (including page 21) from the Bajaj Auto Limited document do not explicitly mention the current or expected order book or pending orders details. The discussion focuses primarily on: - Market share strategies in Brazil and challenges in competitive, price-sensitive markets. - Growth and profitability plans for electric vehicles and 3-wheelers. - Expansion and strengthening of dealer networks. - Supply chain derisking for electric vehicles expected to take 6 to 9 months.

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Bajaj Auto — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹17.8K Cr, net profit ₹3.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Bajaj Auto's management said in earlier quarters

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    Domestic ICE sales saw an 8% growth in Q1; international two-wheeler sales grew by 40%, outperforming industry growth. Key concall takeaways from TVS Motor…

  • Ather Energy Ltd (Q1 FY26)

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Frequently Asked Questions

What were Bajaj Auto Q1 FY26 results?

Expect 5% to 6% growth in domestic sales going forward, supported by festive season uptick (Page 10). Bajaj Auto delivered resilient financial results with revenue growth of 6% and EBITDA growth of 3% YoY, signaling steady performance.

What is Bajaj Auto share price analysis?

Bajaj Auto currently shows a neutral. The stock trades at a P/E of 27.3 with a market cap of ₹321,520 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bajaj Auto planning capital expenditure?

Capex during the quarter stood at approximately INR100 crores, expected to progressively increase to about INR600-700 crores for the rest of the year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.