Bajaj Auto’s Q1 FY27 results will test demand, exports and Chetak momentum
Bajaj Auto reports Q1 FY27 earnings and holds its analyst call on July 21. Watch domestic two-wheeler demand, export recovery, premium motorcycle sales, Chetak electric-scooter traction and margins after a strong Q4 FY26 base.
What happened
Bajaj Auto will report Q1 FY27 results on July 21, with domestic two-wheeler demand, exports, premium motorcycles, Chetak electric scooters and margins key
Key facts
- Q1 FY27 results: July 21, 2026
- FY26 final dividend: ₹150 per share
- Q4 FY26 net profit: ₹2,746 crore, up 34% YoY
- Q4 FY26 revenue: ₹16,006 crore, up 31.8% YoY
- Q4 FY26 EBITDA: ₹3,323 crore, up 36% YoY
- One-year share return: 25.86%
- 52-week high: ₹10,834 on May 27, 2026
- 52-week low: ₹7,858.50 on August 7, 2025
Why this matters
Bajaj Auto’s analyst call should clarify where it is allocating growth investment across exports, premium bikes and electric scooters as competitive intensity rises.
What to watch
- Q1 domestic motorcycle and scooter volume growth versus industry growth, especially premium segment performance.
- Export unit trajectory, key geography commentary and whether recovery is volume-led or pricing/mix-led.
- Chetak registrations, market share, dealer expansion, average selling price and management disclosure on EV profitability.
- EBITDA margin versus Q4 FY26 and consensus, including commodity, FX, discounting and EV-investment effects.
- Inventory levels at dealers and any change in wholesale-retail divergence.
- FY27 guidance or management tone on festive demand, rural recovery, exports and competitive pricing.
- Increase focus on premium motorcycles and dealer inventory discipline if domestic entry-level demand remains uneven.
- Accelerate Chetak distribution, product refreshes and localized sourcing to defend share against intensifying electric-scooter competition.
- Use export-market pricing, financing support and country-level mix management to convert recovery in Africa, Latin America and South Asia into profitable volume.
- Prioritize margin preservation over broad-based discounting, with investor attention likely shifting from headline volume growth to Chetak unit economics and export contribution.