Bajaj Auto Reports Record Q2 FY26 Performance, Plans New Two-Wheeler Launches
Bajaj Auto Limited achieved record-breaking financial results in Q2 FY26. Revenue reached ₹14,922.00 crore, up 14% year-on-year. EBITDA surpassed ₹3,000.00 crore for the first time, with a 20.5% margin. PAT hit a new peak at ₹2,480.00 crore, growing 24% year-on-year. The company saw strong performance in both domestic and export markets. KTM and Triumph brands exceeded 60,000 bike sales. Bajaj Auto plans to launch three new two-wheeler models between December and May. The EV segment grew 1.5 times year-on-year despite supply constraints. The company generated ₹4,500.00 crore in free cash flow in H1 FY26 and maintains a robust balance sheet with ₹14,244.00 crore in surplus funds.
*this image is generated using AI for illustrative purposes only.
Bajaj Auto Limited , a leading Indian two-wheeler and three-wheeler manufacturer, has reported stellar financial results for the second quarter of fiscal year 2026, setting new benchmarks in revenue and profitability. The company has also announced plans to launch three new two-wheeler models in the coming months.
Record-Breaking Financial Performance
The company's revenue from operations reached an all-time high of ₹14,922.00 crore in Q2 FY26, marking a significant 14% year-on-year increase from ₹13,127.00 crore in Q2 FY25. This growth was primarily driven by a richer product mix and record-breaking spare parts sales.
Bajaj Auto's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surpassed the ₹3,000.00 crore milestone for the first time, reaching ₹3,052.00 crore. The EBITDA margin improved to 20.5%, up 70 basis points quarter-on-quarter.
Profit After Tax (PAT) also hit a new peak at ₹2,480.00 crore, representing a substantial 24% year-on-year growth from the normalized PAT of ₹2,216.00 crore in Q2 FY25.
Domestic and Export Market Highlights
The domestic business delivered record revenue, with stepped-up growth in premium bikes and double-digit growth in commercial vehicles. The export segment showed exceptional performance, with revenue increasing by 35% year-on-year across regions and product categories.
Product Portfolio and Innovation
Bajaj Auto continued to strengthen its product lineup during the quarter:
- The KTM and Triumph brands collectively achieved their biggest quarter yet, with domestic retail sales and export billings exceeding 60,000 bikes, up approximately 70% year-on-year.
- The company introduced new models such as the KTM Duke 160 and the Triumph Thruxton 400.
- In the commercial vehicle segment, Bajaj Auto entered the large e-rickshaw market with the launch of 'Riki' in four cities, with plans for expansion.
Upcoming Model Launches
According to a company executive, Bajaj Auto plans to launch three new two-wheeler models between December and May.
Electric Vehicle Segment
Despite supply constraints, Bajaj Auto's electric vehicle portfolio, including the Chetak scooter, grew 1.5 times year-on-year. The company regained market leadership in the EV scooter segment by October.
Financial Stability and Shareholder Returns
Bajaj Auto generated approximately ₹4,500.00 crore of free cash flow in the first half of FY26. The company's balance sheet remains robust with surplus funds of ₹14,244.00 crore, even after distributing ₹5,864.00 crore to shareholders as dividends and infusing over ₹2,000.00 crore into subsidiaries.
Challenges and Resilience
Bajaj Auto's strong performance comes despite facing disruptions in the supply of rare earth magnets, which particularly affected its electric vehicle segment. The company's business model allowed it to offset these challenges through strong performances across other business segments.
Historical Stock Returns for Bajaj Auto
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.45% | +0.08% | +1.49% | +6.37% | -0.82% | +171.27% |
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