Bajaj Auto Q1 profit rises 46% as exports accelerate

Bajaj Auto posted Q1 FY27 consolidated net profit of Rs 3,225 crore, up 46% year on year, on revenue growth of 37%. Export volumes climbed 54%, while domestic volumes rose 11%; profit fell 12% sequentially despite higher revenue.

— Source publishedTue, 21 Jul, 2026, 13:48 IST·First seen Tue, 21 Jul, 2026, 13:55 IST·Source Financial Express · BrandWagon

What happened

Bajaj Auto reported Q1FY27 net profit of Rs 3,225 crore, up 46% year-on-year, as revenue rose 37%. Domestic volumes grew 11%, while exports surged 54%;

Key facts

  • Q1FY27 consolidated net profit: Rs 3,225 crore, up 46% YoY and down 12% QoQ
  • Revenue from operations: Rs 17,243 crore, up 37% YoY and 8% QoQ
  • EBITDA: Rs 3,696 crore, up around 8% YoY
  • EBITDA margin: 20.9%, up 110 basis points YoY
  • Domestic sales volume: 7.06 lakh units, up 11% YoY and down 7% QoQ
  • Export volume: 7.32 lakh units, up 54% YoY and 20% QoQ

Why this matters

Rapid export expansion reinforces Bajaj Auto’s international-market positioning and could increase the appeal of distribution, localization, and partnership opportunities in high-growth overseas markets.

What to watch

  • Monthly export dispatches versus the 54% Q1 export-volume growth rate.
  • Domestic retail demand, dealer inventory and discounting trends after 11% domestic volume growth.
  • EBITDA margin and realization trends in the next quarterly result.
  • Currency moves and demand conditions in major export geographies.
  • Commodity costs, freight expense and supplier-cost inflation.
  • Management commentary on FY27 export sustainability and premium-model contribution.
  • Prioritize export-market supply, dealer availability and model mix in regions showing the strongest volume recovery.
  • Use premium motorcycles, three-wheelers and higher-value export models to defend realizations and margins.
  • Monitor domestic dealer inventory and promotional spending to avoid volume growth being bought through discounting.
  • Provide clearer guidance on the drivers of the 12% sequential profit decline, including mix, costs, foreign exchange and one-off items.

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