Bajaj Auto Q2 profits jump 53% on strong bike demand, EV growth

Bajaj Auto Ltd reported a robust Q2 FY26, with consolidated net profit rising 53.17% year‑on‑year to Rs 2,122.03 crore and revenues climbing 18.78% to Rs 15,734.74 crore. On a standalone basis, the company crossed an important milestone as EBITDA exceeded Rs 3,000 crore for the first time, with margins expanding to 20.5%. The company attributed the gains to a domestic business backdrop that benefited from premium motorcycle momentum and double‑digit growth in commercial vehicles.

Festive season demand and a GST rate change also buoyed sales in the quarter. Bajaj Auto noted that its EV portfolio, while constrained by supply this quarter, continued to scale up and has already contributed more than Rs 10,000 crore in cumulative revenue over the past two years. The launch of the Riki, an electric rickshaw, began operations in four cities and is slated for rapid expansion, signaling the company's push into larger urban mobility solutions.

Exports were a bright spot, rising about 35% year‑on‑year, with strong double‑digit growth across Africa and Asia, while KTM exports grew and three‑wheeler demand helped broaden regional traction. The company also highlighted ongoing capacity expansions to meet growing demand. Taken together, Bajaj Auto's results reinforce a diversified mix across premium motorcycles, CVs, and a budding EV footprint that could help sustain momentum as the year unfolds.

Analysts will be watching how supply constraints in EVs ease and how margin trajectory evolves as volumes scale. For now, the quarter underscores Bajaj Auto's ability to navigate mixed headwinds while delivering profits and revenue growth across key markets.

Cover image source: Hindalco Q2 profit rises 21% YoY to Rs 4,741 crore; announces Rs 10,225 crore Odisha expansion plan 🔗

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