Bajaj Auto Reports Record FY26 Performance; Announces Q4 Conference Call

Bajaj Auto Limited has reported record financial results for FY26, delivering all-time highs across volumes, revenues, and profits on a standalone basis. The company's total volumes crossed the 5 million unit mark (+10% YoY), surpassing the previous peak of FY19, while revenue from operations reached ₹58,732 crores and Profit After Tax (PAT) stood at ₹9,825 crores. Following the announcement, the company held a conference call on 06 May 2026 at 07:15 p.m. IST to discuss the results. The audio recording of the call has been hosted on the company's website under the 'QUARTERLY RESULTS' section.

FY26 Standalone Financial Highlights

The company's standalone financial performance for FY26 reflected broad-based strength across all business segments. EBITDA margin improved to 20.5% (+30 bps YoY), driven by favourable USD/INR realisation, a profitable sales mix, and operating leverage. The Board of Directors also recommended a Final Dividend of ₹150 per share and approved a buyback of shares under the Tender route, with the dividend and buyback together amounting to ~₹9,825 crores.

Metric:	Q4 FY26	Q4 FY25	Change	FY26	FY25	Change
Revenue from Operations (₹ Crores):	16,006	12,148	32%	58,732	50,010	17%
EBITDA (₹ Crores):	3,323	2,451	36%	12,019	10,101	19%
EBITDA %:	20.8%	20.2%	60 bps	20.5%	20.2%	30 bps
PAT Before Exceptional Items (₹ Crores):	2,709	2,049	32%	9,833	8,363	18%
Profit After Tax (₹ Crores):	2,746	2,049	34%	9,825	8,151	21%

Volume Performance

Total volumes for FY26 reached 51,17,667 units (+10% YoY), with growth recorded across both domestic and export segments. Domestic two-wheelers stood at 23,49,040 units (+2% YoY) and domestic commercial vehicles at 5,18,444 units (+8% YoY). Export two-wheelers grew 18% YoY to 19,67,810 units, while export commercial vehicles surged 49% YoY to 2,82,373 units.

Segment:	Q4 FY26	Q4 FY25	Change	FY26	FY25	Change
Domestic Two-Wheelers (Units):	6,21,912	5,01,096	24%	23,49,040	23,08,249	2%
Domestic Commercial Vehicles (Units):	1,38,934	1,12,152	24%	5,18,444	4,79,436	8%
Domestic Sub-total (Units):	7,60,846	6,13,248	24%	28,67,484	27,87,685	3%
Export Two-Wheelers (Units):	5,44,777	4,42,467	23%	19,67,810	16,74,060	18%
Export Commercial Vehicles (Units):	65,435	47,219	39%	2,82,373	1,89,221	49%
Export Sub-total (Units):	6,10,212	4,89,686	25%	22,50,183	18,63,281	21%
Grand Total (Units):	13,71,058	11,02,934	24%	51,17,667	46,50,966	10%

Key Business Highlights for FY26

The company's performance was underpinned by strong execution across multiple business verticals. KTM-Triumph delivered its best-ever performance with global revenue of ~₹5,000 crores (+40% YoY). Chetak reported revenues of more than ₹4,000 crores, retaining its position among India's foremost electric scooters. Commercial Vehicles posted a landmark year, sustaining ICE leadership while rapidly scaling e3Ws. Exports scaled new highs on revenue, with LatAm setting a new benchmark for the third consecutive year. Free Cash Flow generation exceeded ₹8,000 crores during the year, up ~30% YoY.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.00%	+7.18%	+18.37%	+22.82%	+36.47%	+177.02%

Bajaj Auto Limited issued a formal clarification on 6 May 2026, correcting the buyback size disclosed in the outcome of its Board of Directors meeting held on the same date. The company stated that the aggregate buyback amount, previously referenced as up to INR 5,633 crore, must be read as up to INR 5,632.80 crore (Indian Rupees Five Thousand Six Hundred Thirty Two Crore and Eighty Lakh only). The buyback remains subject to shareholder approval.

Correction to Buyback Size

The clarification was addressed to both BSE Limited and the National Stock Exchange of India Ltd. on 6 May 2026. The company noted that the earlier figure of INR 5,633 crore represented a rounded-up version of the actual buyback size, and the precise amount stands at INR 5,632.80 crore. The following table summarises the key details of the corrected disclosure:

Parameter:	Details
Previously Stated Buyback Size:	Up to INR 5,633 crore
Corrected Buyback Size:	Up to INR 5,632.80 crore
Buyback as % of Standalone Capital & Free Reserves (as on 31 March 2026):	16.93%
Buyback as % of Consolidated Capital & Free Reserves (as on 31 March 2026):	15.59%
Board Meeting Date:	6 May 2026
Subject to:	Shareholder Approval

Regulatory Context

The clarification was filed under Regulation 30, with the company requesting both exchanges to take the corrected information on record. The buyback size of INR 5,632.80 crore represents 16.93% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone financial statements of the company as on 31 March 2026. On a consolidated basis, the same figure represents 15.59% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited consolidated financial statements as on 31 March 2026.

The clarification was signed by Rajiv Gandhi, Company Secretary & Compliance Officer (ACS 11263), on behalf of Bajaj Auto Limited, Akurdi, Pune.