Resurfacing a June 2026 report: Bajaj Auto Q1 profit jumped 46% as revenue hit ₹21,689 crore

Bajaj Auto had reported record Q1 FY27 revenue, up 65% year on year, while net profit rose 45.9%. EVs contributed about 30% of domestic revenue, and KTM-Triumph's network had expanded to more than 90 towns as premium-bike revenue grew 60%.

— FiledTue, 21 Jul, 2026, 14:51 IST·First seen Tue, 21 Jul, 2026, 14:51 IST·Source ET Auto Retail

What happened

Bajaj Auto posted record Q1 FY27 revenue and a 46% profit increase. Domestic growth was led by EVs, motorcycles and premium KTM-Triumph products, whose retail

Key facts

  • Q1 FY27 consolidated net profit: ₹3,225.63 crore, up 45.9% YoY
  • Q1 FY27 consolidated revenue: ₹21,688.83 crore, up 65% YoY
  • Domestic revenue growth: 26% YoY
  • EV revenue: about 30% of domestic business and nearly 2x YoY
  • KTM and Triumph domestic revenue growth: 60% YoY
  • KTM-Triumph retail network: more than 90 towns
  • Export volumes: more than 700,000 units
  • Commercial-vehicle revenue growth: 25% YoY

Why this matters

The rapid expansion of KTM-Triumph and 60% premium-bike revenue growth make Bajaj Auto a stronger partner and competitor in India’s consolidating premium-mobility ecosystem.

What to watch

  • Monthly domestic EV registrations and Bajaj's EV market-share trend versus TVS, Ola, Ather and Hero.
  • Premium-bike retail sales, dealer productivity and KTM-Triumph network additions.
  • Sequential EBITDA margin, gross-margin movement and commentary on EV unit economics.
  • Export volumes by Africa, Latin America and South Asia, plus INR and commodity-cost movements.
  • Inventory levels at dealers, discounting intensity and retail-finance approval trends.
  • New product launch cadence and evidence that EV contribution is growing without diluting consolidated profitability.
  • Accelerate electric scooter and motorcycle launches across price points to defend EV revenue share.
  • Expand KTM-Triumph retail coverage beyond 90 towns, with emphasis on financing, service capacity and test-ride conversion.
  • Use strong profitability to increase localized sourcing, battery supply partnerships and EV charging/service infrastructure.
  • Prioritize export-market recovery and currency hedging to diversify domestic-demand dependence.
  • Sustain selective price increases and mix upgrades rather than volume-led discounting to protect margins.