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TVS Motor Co.

Q1 FY26Automobiles

TVS Motor Co. Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

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

Price₹4,390
Market cap₹2.0L Cr
P/E59.2
Updated23 Aug 2026
Read4 min read

The short version

TVS Motors expects to continue growing ahead of the industry in both domestic and international markets for ICE and EV segments. TVS Motors reported strong Q1 FY26 with revenue of INR10,081 crores (+20%), operating EBITDA of INR1,263 crores (+32%), and profit growth of 35%.

From TVS Motor Co.'s Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • TVS Motors expects to continue growing ahead of the industry in both domestic and international markets for ICE and EV segments.
  • Q2 is anticipated for strong growth led by the festive season.
  • Domestic ICE sales saw an 8% growth in Q1; international two-wheeler sales grew by 40%, outperforming industry growth.
  • EV two-wheeler sales grew by 35% in Q1, indicating positive growth momentum despite short-term challenges.
  • Three-wheeler sales grew by 46% in Q1.
  • Rural demand is expected to improve in Q2 with positive monsoon and irrigation conditions.
  • Scooterization trend continues in urban and rural areas, supporting volume growth.
  • International markets like Africa and LATAM show recovery and growth potential.

2 more points management made on revenue & sales performance

Profitability & Margins

See what TVS Motor Co. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • TVS Motors plans capex of approximately INR 1,600 to INR 1,700 crores for FY 2026, mainly toward new products.
  • Annual investment run rate around INR 2,000 to 2,200 crores expected to continue for the next 3 to 5 years.
  • Investments are allocated across multiple segments including Norton, e-bikes, electric vehicles, software, electronics, digital initiatives, and marketing/brand-building.
  • Continuing product launches (e.g., Norton bikes) will require investments in manufacturing, product development, and marketing.
  • Strategic investments include increasing stake in TVS Supply Chain (expected to reach 6-7%) and holdings in entities such as Norton, TVS Digital, Celerity, Killwatt, Zapata, and ION Mobility.

2 more points management made on capital expenditure plans

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Ranked on what management guided this quarter

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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 TVS Motor Co. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for TVS Motors Limited. However, some related insights include: - TVS Motors reported strong sales growth with a 17% volume increase and 20% revenue growth in Q1 FY'26. - Electric two-wheeler sales grew by 35% to 70,000 units, and three-wheelers grew by 46% to 45,000 units. - Supply chain issues, particularly with rare earth magnets, have caused short-term setbacks impacting production. - The company is working on alternatives to improve resilience in supply. - Capacity is reportedly not a bottleneck, with supply chain lead times around 12 weeks enabling capacity expansions if needed.

2 more points management made on order book & pipeline

TVS Motor Co. — 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 ₹15.1K Cr, net profit ₹820 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What TVS Motor Company Ltd's management said in earlier quarters

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Frequently Asked Questions

What were TVS Motor Co. Q1 FY26 results?

TVS Motors expects to continue growing ahead of the industry in both domestic and international markets for ICE and EV segments. TVS Motors reported strong Q1 FY26 with revenue of INR10,081 crores (+20%), operating EBITDA of INR1,263 crores (+32%), and profit growth of 35%.

What is TVS Motor Co. share price analysis?

TVS Motor Co. currently shows a neutral. The stock trades at a P/E of 59.1 with a market cap of ₹204,620 Cr. Investors should review the full earnings analysis for detailed insights.

Is TVS Motor Co. planning capital expenditure?

TVS Motors plans capex of approximately INR 1,600 to INR 1,700 crores for FY 2026, mainly toward new products.

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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.