Bajaj Auto Releases Q1 FY26-27 Call Transcript, Details Record Performance Amid Disruptions

Bajaj Auto Limited has released the transcript of its conference call held on July 21, 2026, to discuss its Q1 FY26-27 financial and operational performance. The company reported a significant increase in revenue to INR 21,688.83 crore and a Profit After Tax (PAT) of INR 3,188.75 crore for the quarter ending June 30, 2026, marking a 65.14% year-on-year revenue growth. The discussion highlighted the highest ever quarterly performance across key financial parameters, even as the company navigated various operational disruptions.

Key highlights

• Bajaj Auto's Q1 FY26-27 revenue reached INR 21,688.83 crore, with a PAT of INR 3,188.75 crore, demonstrating robust financial growth year-on-year, according to the official results.
• During the call, management indicated total volumes of 1.4 million units, an EBITDA of INR 3,500 crore, and EBITDA margins of 20.9% for the quarter.
• Operational challenges, including raw material inflation, supply chain and logistics disruptions, and a ransomware attack, collectively impaired product availabilities by 10% to 15%, particularly affecting exports, high-end bikes, and electric vehicles.
• The exports business unit achieved a new high, selling 732,000 units and generating USD 735 million in revenue, constituting 40% of Bajaj Auto's total revenue. The unit significantly outpaced industry growth by over 2x in its top 30 markets.
• The electric two-wheeler and three-wheeler businesses recorded their largest ever quarter, now contributing 30% of domestic revenues with a double-digit EBITDA percentage.

What drove it

The strong performance in Q1 FY26-27 was attributed to several factors across business units. Exports growth was broad-based across regions, excluding the Middle East and North Africa (MENA). African markets performed exceptionally well, growing by almost 50%, with Bajaj Auto doubling its retail sales, driven by the introduction of the Boxer 125 Heavy Duty. Nigeria's pre-election phase also boosted institutional sales, where Bajaj Auto captured a disproportionate share, achieving nearly 60% market share in retail terms. Latin American markets also saw growth, with Mexico leading due to the success of high-end models like the NS series and N250s, a well-organized supply chain, and an extensive distribution network. Retails in Brazil grew over 50%, supported by the expansion of the subsidiary's store count, which currently stands at 75-plus stores.

Why it matters

Bajaj Auto's ability to deliver record-breaking financial performance despite significant operational headwinds, such as supply chain issues and a cyberattack, highlights its resilience and strong market positioning. The robust growth in exports, with increased market shares across key regions, indicates the effectiveness of its international expansion strategy and product offerings. Furthermore, the electric vehicle segment's substantial contribution to domestic revenues and profitability underscores the company's successful diversification into electric mobility, establishing it as a meaningful growth and profitability driver.

What to watch

Continued monitoring of the company's efforts to mitigate supply chain and logistics disruptions will be important. Observers will also track the sustained momentum in both export markets and the rapidly expanding electric vehicle segment, which are key pillars of the company's growth strategy. (Source: Exchange filing NSE 106711969)