Bajaj Auto Q4 Preview: Revenue, volume growth seen muted; margins may dip on inferior product mix
With price increases in two-wheelers, Bajaj Auto is expected to register low single-digit growth in volumes and revenue for the quarter ended March, while operating margins are likely to come under pressure due to an inferior product mix.
According to analysts, the company witnessed an uptick in exports and increased sales of its premium motorcycles during the quarter.
“EBITDA margin is expected to decline due to an inferior product mix, including higher sales of entry-level two-wheelers and electric vehicles. We expect total revenue to increase by 3 per cent year-on-year and volumes to grow by 3 per cent year-on-year,” said Axis Securities in a pre-earnings note.
Bajaj Auto recently announced that it will acquire majority control of the financially struggling Austrian motorcycle manufacturer KTM AG through an €800 million rescue package. The company has already infused €200 million into KTM and will deploy another €600 million to settle creditor claims and restart the business. With this funding, Bajaj Auto will move from being a dormant minority investor to the majority owner of the global KTM company.
Bajaj Auto reported an 8 per cent increase in its consolidated net profit at ₹2,195 crore in Q3.
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Published on May 29, 2025
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