Bajaj Auto Ltd
Bajaj Auto Q2 Results 2026 (FY27): Guides 20–40% Revenue Growth, Steady Margins
Q2 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹25,126Cr
- +59.7% YoY
- Net profit
- ₹3,384Cr
- +59.5% YoY
- Margin
- 19%
- +1 pp YoY
Guidance rank: #3 of 12 in Automobiles
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What the Q2 FY27 call signalled
2 of 3 strong
The short version
Domestic EV market penetration expected to rise from current ~25% of scooters to 40%+ over time, expanding Bajaj's presence in a revived large scooter segment. Bajaj Auto expects continued strong growth driven by domestic and export markets, including electric vehicles (EVs) and ICE segments.
From Bajaj Auto Ltd's Q2 FY27 earnings-call transcript · updated 6 Nov 2026.
How did Bajaj Auto's revenue grow in the September 2026 quarter?
- Domestic EV market penetration expected to rise from current ~25% of scooters to 40%+ over time, expanding Bajaj's presence in a revived large scooter segment.
- Capacity expansion in domestic manufacturing planned: Current 60,000-64,000 units/month to 80,000 next quarter, with further significant expansions at new sites.
- Export volumes target sustained at ~750,000 units per quarter (~240k-260k per month), aiming to maintain this run rate despite seasonal softness in Q3 and January.
- New platforms (two new brands) to cover the 125cc to 250cc segment, strengthening presence in midcc motorcycle market by FY27.
- Exports growth driven via market share gains, segment expansion, new markets, and enhanced KTM collaborations expected over 2-3 years.
2 more points from Bajaj Auto Ltd's call on revenue
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What happened to Bajaj Auto's margins in Q2 FY27?
See what Bajaj Auto Ltd said on profitability & margins — free account, 30 seconds.
What capex is Bajaj Auto planning?
- Current manufacturing capacity is at 60,000-64,000 units, with plans to increase to 80,000 units next quarter.
- Plans are underway for significant expansion at a new site to support future growth.
- Capacity expansion initiatives are in progress for both ICE and EV 3-wheelers as demand currently exceeds capacity by approximately 10%.
- Overall production capacity of 625,000 units per month is planned to be expanded to about 775,000 units per month over the next 6 to 9 months in a phased manner.
- Network expansion for EVs is ongoing, growing from about 900 stores in FY23 to over 1,600 stores currently.
2 more points from Bajaj Auto Ltd's call on capex
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Top-ranked in Automobiles
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Is Bajaj Auto raising money or cutting debt?
See what Bajaj Auto Ltd said on fundraising & capital structure — free account, 30 seconds.
How big is Bajaj Auto's order book?
- Page 21 mentions that Bajaj Auto currently has stock levels running at about 9 to 15 days.
- Some dealers report that as soon as a truckload arrives, it is immediately distributed, indicating strong demand.
- Manufacturing capacity is currently at 60,000 - 64,000 units per month.
- There are plans to increase manufacturing capacity to 80,000 units per month in the next quarter.
2 more points from Bajaj Auto Ltd's call on order book
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Bajaj Auto Ltd — Quarterly revenue & net profit
Bajaj Auto Ltd Q2 FY27 results — key figures
| ₹ Cr | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| Revenue | 25,126 | 15,735 | +59.7% | 21,689 | +15.8% |
| Operating profit (EBITDA) | 4,896 | 2,829 | +73.1% | 4,528 | +8.1% |
| Operating margin | 19% | 18% | +1 pp | 21% | -2 pp |
| Profit before tax | 4,610 | 2,999 | +53.7% | 4,423 | +4.2% |
| Net profit (PAT) | 3,384 | 2,122 | +59.5% | 3,189 | +6.1% |
| EPS (₹) | 125.04 | 75.99 | +64.5% | 115.41 | +8.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹25.1K Cr, net profit ₹3.4K 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
Others in Automobiles this season
- M & M (Q2 FY27)
Consolidated M&M Q2 F27 revenue: Rs 57,553 cr, up 25% YoY from Rs 46,106 cr (Page 61, 4, Page 4) . Key investor presentation takeaways from Mahindra & Mahindra
- Mercury EV-Tech (Q2 FY27)
Revenue from operations for quarter ended September 30, 2026:** ₹3,009.39 lakhs . Key results statement takeaways from Mercury EV-Tech Ltd's Q2 FY27 results sta
- Force Motors (Q2 FY27)
Quarterly Revenue from Operations:** ₹2,924.66 crore for Q2 FY 2026-27 (Sept 30, 2026) . Key results statement takeaways from Force Motors Ltd's Q2 FY27 results
- Hero Motocorp (Q2 FY27)
Revenue growth outpacing volume growth at 21% YoY due to mix improvement and pricing actions. Key concall takeaways from Hero MotoCorp Ltd's Q2 FY27 earnings…
Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- M & MGood growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Bajaj Auto Ltd Q2 FY27 results?
Domestic EV market penetration expected to rise from current ~25% of scooters to 40%+ over time, expanding Bajaj's presence in a revived large scooter segment. Bajaj Auto expects continued strong growth driven by domestic and export markets, including electric vehicles (EVs) and ICE segments.
What is Bajaj Auto Ltd share price analysis?
Bajaj Auto Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 22.6 with a market cap of ₹295,634 Cr. Investors should review the full earnings analysis for detailed insights.
Is Bajaj Auto Ltd planning capital expenditure?
Current manufacturing capacity is at 60,000-64,000 units, with plans to increase to 80,000 units next quarter.
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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.