Bajaj Auto Q1 FY27 Earnings Call Transcript Released; Records Highest Quarterly Performance

Bajaj Auto Limited has released the transcript of its conference call held on July 21, 2026, to discuss its Q1 and FY27 results. The company reported its highest quarterly performance across all parameters, with volumes at 1.4 million units, revenue of ₹17,000 crores, EBITDA of ₹3,500 crores, and PAT of ₹3,000 crores, achieving EBITDA margins of 20.9%. Despite challenges including RM inflation, supply chain disruptions, and a ransomware attack that impacted availability by 10-15%, the company saw significant growth in exports and electric vehicles (EVs). Exports reached a new high of 7,32,000 units with USD 735 million in revenue, driven by strong performance in Africa and Latin America. The EV segment, encompassing electric two-wheelers and three-wheelers, now represents 30% of domestic revenues with double-digit EBITDA. Domestic two-wheelers, including EVs, grew by 14%, with strong performance in the 150cc-plus segment and Chetak electric scooters showing 65% year-on-year growth. Three-wheeler sales also saw record billings and retail performance. The company is undertaking a 25% capacity expansion, aiming to increase from 7 million to 9 million units per annum across various businesses, with a focus on EVs, high-end motorcycles, and three-wheelers. The outlook for Q2 and the rest of FY27 is promising, with efforts to manage inflation, leverage currency benefits, and expand capacities.