BAJAJ-AUTO

buy on dips currently near resistance

Bajaj Auto is one of India's leading manufacturers of motorcycles, three-wheelers and electric two-wheelers. Its major strengths are: Strong brands such as Pulsar, Dominar, Platina and Chetak Large international/export business Leadership position in three-wheelers Growing EV business Strong balance sheet and cash generation Premium positioning in motorcycles The latest operating numbers remain encouraging. July 2026 total sales increased 30% YoY to 4.75 lakh units, with exports up 39% and two-wheeler volumes up 31%. 2. Fundamental Analysis Q1 FY27 — Strong Quarter Bajaj Auto delivered an excellent June quarter. Parameter Q1 FY27 YoY Growth Revenue from operations ₹17,244 Cr +37% Standalone PAT ₹2,983 Cr +42% EBITDA ₹3,696 Cr +49% EBITDA Margin 20.9% +110 bps Consolidated PAT ₹3,226 Cr +46% The company achieved record revenue, EBITDA and PAT on a standalone basis. One particularly positive point is the 20.9% EBITDA margin. This indicates that Bajaj Auto is not merely growing volumes; it is also maintaining strong profitability and product mix. Export story — BIG positive Exports are one of Bajaj Auto's biggest strengths. In Q1, export volumes surged, with strong demand from Latin America and recovery in Africa. Reuters reported export volumes of 636,005 units, up 52%. July also continued the trend, with exports rising 39% YoY. This diversification reduces dependence on the Indian two-wheeler market.