Bajaj Auto
Bajaj Auto Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Domestic Motorcycle Industry Growth:** Expected to sustain 12-15% growth in the near term, with 125cc+ segment growing faster, particularly 150cc+. Bajaj Auto expects sustained growth momentum in exports with a target of 200,000+ units monthly in Q4 and continued double-digit growth in key markets.
From Bajaj Auto's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- **Domestic Motorcycle Industry Growth:** Expected to sustain 12-15% growth in the near term, with 125cc+ segment growing faster, particularly 150cc+.
- **Bajaj’s Domestic Volume Growth:** Aim to move from low single digits to double-digit growth, driven by product refreshes, especially in the Pulsar 150cc+ portfolio with multiple new launches underway.
- **Export Business:** Targeting 200,000+ units monthly run rate in Q4, close to previous peak; export revenues grew ~20% YoY recently; expected to continue broad-based growth across 108 countries.
- **Electric Vehicle Sales:** Rapid scale-up with ~40% quarter-on-quarter growth; Electric 3-wheelers significantly contribute with higher ASPs.
- **Spares Business:** Growth at 18% YoY, positive outlook continues.
- **KTM and Triumph Brands:** Expected to grow steadily with expanded dealerships and brand activations.
- **Overall Revenue:** Achieved record quarterly revenue and volumes; outlook remains positive with double-digit growth aspirations supported by favorable market conditions and product strategy.
Profitability & Margins
See what Bajaj Auto said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Bajaj Auto is prioritizing significant product development, including a new 125cc bike launch planned for the current year to strengthen presence in the 125cc segment.
- There are plans to expand the Dominar brand portfolio internationally and possibly introduce new or dormant brands, indicating strategic investment in brand and product portfolio expansion.
- Ongoing investments are focused on scaling the electric vehicle (EV) portfolio, including electric 2-wheelers and 3-wheelers, with efforts toward profitability and introducing swappable battery options.
- Bajaj Mobility (including KTM AG) is undergoing a turnaround plan involving organizational restructuring, cost reduction, and synergies to enhance long-term competitiveness.
- Bajaj Auto's subsidiary, Bajaj Auto Finance (BACL), has recently received a final capital infusion (~INR 300 crores) to strengthen its digital-first, low-cost financing platform.
- Expansion of KTM-Triumph joint showrooms from 50 to over 100 by March illustrates investment in dealer network enhancement.
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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.
Fundraising & Capital Structure
See what Bajaj Auto said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Bajaj Auto — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Bajaj Auto Q3 FY26 results?
Domestic Motorcycle Industry Growth:** Expected to sustain 12-15% growth in the near term, with 125cc+ segment growing faster, particularly 150cc+. Bajaj Auto expects sustained growth momentum in exports with a target of 200,000+ units monthly in Q4 and continued double-digit growth in key markets.
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?
Bajaj Auto is prioritizing significant product development, including a new 125cc bike launch planned for the current year to strengthen presence in the 125cc segment.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.