BAJAJ-AUTO

Bajaj Auto Limited: Driving Innovation in Mobility

🚨 Vijay Kumar Gupta | SEBI Registered Research Analyst (INH000020226) 📌 My View: Bajaj Auto continues to deliver resilience despite near-term headwinds in the domestic 2W market. Strong export momentum and an aggressive EV roadmap are long-term strengths, even as profitability faces short-term pressure. 🔍 Key Highlights: 📅 Q1 FY26 Results on Aug 6 – Street awaits performance clarity after FY25 profit dip 📦 June Sales: Total: +1% YoY (3.6L units) Exports: +21% surge Domestic 2W: -16% decline ⚡ New EV Launch (July 2025): Upcoming electric rickshaw under "GoGo" brand 3W market share rose from 17% to 33% in FY25 Focus: Range, lithium battery, and domestic dominance 💰 FY25 Financial Snapshot: Revenue: ₹50,010 Cr (+13.65% YoY) PAT: ₹7,325 Cr (▼4.98%) Dividend: ₹210/share (~2.52% yield) EBITDA Margin: ~20.18% Debt-Free, strong cash flows 📉 Technical Outlook (Chart Attached) Price consolidating near key support ₹8,255 CCI neutral; TTM Squeeze still compressing = likely breakout zone ahead Ichimoku suggests price below cloud, but rangebound recovery signs visible Price target range: ₹8,770–₹9,900 (avg analyst target) 💡 Takeaway: Premium valuation implies high expectations. While FY25 profit was hit, Bajaj Auto’s robust exports, high dividend, and strong EV strategy support a constructive long-term view.