Popular Vehicles FY26 Revenue Up 15% to ₹6,381 Crore; Q4 Revenue Jumps 28%
Popular Vehicles and Services Limited reported FY26 revenue of ₹6,381.1 crore, up 15.2% YoY, and Q4 FY26 revenue of ₹1,754.5 crore, up 28% YoY. The company completed three strategic acquisitions and divested Honda and Piaggio businesses. Non-Keralam revenue contribution rose to 47% in FY26. EBITDA for FY26 was ₹203.4 crore.
The announcement includes detailed financial results, strategic acquisitions, divestments, and commentary on future growth drivers. This information is crucial for investors to assess the company's performance and strategic direction.
The company reported significant year-on-year revenue growth for both the quarter and the full year, along with positive commentary from the MD regarding strategic execution and recovery. The successful completion of acquisitions and expansion into new geographies also contribute to a positive outlook.
Popular Vehicles and Services Limited announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹1,754.5 crore for Q4 FY26, an increase of 27.8% year-on-year. For the full fiscal year FY26, the revenue grew by 15.2% to ₹6,381.1 crore.
During the year, the company completed three strategic acquisitions: the BharatBenz dealership in Punjab, the Maruti Suzuki dealership in Telangana, and Audi dealership operations in Telangana and Andhra Pradesh. Concurrently, it divested the Honda and Piaggio businesses. These strategic moves were aimed at deploying proceeds towards acquisitions to support future growth and enable sharper capital allocation towards higher-growth and higher-potential areas.
The company's Promoter and Managing Director, Mr. Naveen Philip, commented that FY26 was a year of strategic execution and recovery, with broad-based momentum across the company. He highlighted that non-Keralam revenue contribution increased to approximately 47% in FY26 from 28% in FY23, indicating strong progress on expanding beyond its home market.
In Q4 FY26, new vehicle volumes grew across all segments except the luxury segment. Commercial vehicles showed robust performance, supported by better demand and expanded operations, while the EV business continued to scale rapidly. The company also commenced the BKT distributorship in Kerala and Karnataka for its two-wheeler and PCR segments in Q4.
Popular Vehicles and Services Limited's financial performance showed a reported EBITDA of ₹203.4 crore for FY26, an increase of 16% year-on-year. The adjusted EBITDA stood at ₹200.9 crore, up 28% year-on-year. The company's strategic priorities for FY27 include improving operating leverage, consolidating and scaling recently added businesses, deepening its non-Keralam presence, and increasing the contribution from recurring, higher-margin revenue streams such as services, repairs, and spares.
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Popular Vehicles and Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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