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Beating analysts’ expectations, Bajaj Auto Ltd., for the first quarter ended June 30, 2026, reported 46% growth in consolidated net profit at ₹3,226 crore owing to volume growth of 29%, exports growth of 54% and more revenue owing to premiumization.

Consolidated revenue from operations during the quarter grew 65% YoY to ₹21,689 crore.

The company, on a standalone basis, reported 42% YoY growth in net profit at ₹2,983 crore. Standalone revenue from operations grew 37% to ₹17,244 crore.

The company witnessed double-digit growth on all fronts (ICE/EV, Domestic/Exports, 2W/3W), and the growth was sustained despite a challenging external environment. The exports business was supported by a favourable USD/Rupee exchange rate, the company said.

Also, export volumes surpassed the 700,000 mark for the first time. The domestic motorcycle business reported double-digit revenue growth, buoyed by the sports segment, where retail grew 1.5 times vs. the rest of the industry. Pulsar, Avenger and Dominar all grew double-digit YoY; the sports segment was at 50% growth as product interventions across the Pulsar range drove market share gains, the company said.

The domestic revenue of KTM and Triumph brands grew 60% YoY. The revenues of the commercial vehicles segment grew 25% YoY, led by rapidly scaling e3Ws. In EVs, the Chetak brand delivered strong volumes, revenues and profitability. “Demand continued to outpace capacity, reflecting the growing strength of the brand and product proposition.” the company said.

At the end of the quarter, the company had surplus funds of ₹12,000 crore, positioning it well for investing sufficiently behind competitive growth and strategic priorities, it added.

Published - July 21, 2026 10:40 pm IST