BAJAJ-AUTO

Beats Estimates, Announces Record Buyback

reported a 34% YoY rise in consolidated net profit to ₹2,746 crore in Q4FY26, beating analyst expectations. Revenue jumped 41% YoY to ₹17,832 crore, driven by robust domestic and export demand for two‑ and three‑wheelers. Alongside earnings, the company unveiled its largest-ever buyback worth ₹5,633 crore at ₹12,000 per share, a 16.3% premium to market price, underscoring management’s confidence in long‑term growth. Financial Highlights (Q4FY26 & FY26) Q4FY26 net profit: ₹2,746 crore (+34% YoY). Q4FY26 revenue: ₹17,832 crore vs ₹12,646 crore (+41% YoY). Total expenses: ₹15,391 crore (+50% YoY), reflecting raw material inflation. FY26 net profit: ₹10,575 crore vs ₹7,325 crore (+44% YoY). FY26 revenue: ₹62,905 crore vs ₹50,995 crore (+23% YoY). Stock reaction: rose 2.7% to ₹10,315 on results day. Operational Trends Domestic two‑wheeler sales: +24.1% YoY, slightly below industry growth of 26.4%. Exports: +23% YoY, supporting revenue momentum. Segment drivers: Pulsar motorcycles and three‑wheelers saw strong traction. Buyback: ₹5,633 crore at ₹12,000/share, largest in company history. Challenges Raw material costs: surged 38% YoY, especially aluminium and steel. Energy & shipping costs: elevated due to Middle East conflict. Margins: under pressure despite strong topline growth. Conclusion Bajaj Auto’s Q4FY26 results highlight resilient demand and strong execution, with profits beating estimates and exports providing balance. The record buyback signals confidence, but rising input costs and competitive pressures remain key risks. Sustaining margin discipline while leveraging domestic and overseas demand will be critical for FY27 performance.