“Landmark Cars zooms past 30% revenue growth — but is GST the speed breaker?”

🚗 Q2 FY26 Highlights - Total Revenue: ₹1,655 crore, up 30.52% YoY and 16.96% QoQ - Vehicle Sales: ₹1,403 crore, up 35.03% YoY — boosted by festive demand and new outlets - After-Sales Revenue: ₹252 crore, up 10.04% YoY — highest-ever quarterly figure - Expansion Moves: New KIA workshops in Hyderabad, Mercedes-Benz in Patna, MG Select in Kolkata - Festive Impact: Navratri demand surged, though some purchases were deferred due to GST rate cut expectations 📈 Stock Impact - Current Price: ₹581.65 - Change: Up ₹3.00 (+0.52%) from previous close - The stock showed a modest uptick, reflecting investor optimism but also caution amid GST uncertainty and expansion costs. 🔍 Investor Watchouts - GST Rate Sensitivity: Purchase deferrals due to expected GST cuts could impact near-term volumes. Watch for policy announcements. - Expansion Costs vs ROI: Aggressive outlet growth may pressure margins short-term. Investors should track ROI on new locations. - After-Sales Strength: The ₹252 crore after-sales figure is a key margin driver. Sustaining this growth is crucial. - Festive Season Momentum: Strong Q2 sets the tone for Q3. Diwali sales will be a key indicator of sustained demand. - Valuation & Liquidity: As a mid-cap auto retailer, Landmark may face liquidity-driven volatility. Long-term investors should focus on fundamentals.