Bajaj Auto Q3 Profit Jumps 18.7% on Strong Exports and Premium Sales
Bajaj Auto, India’s leading auto exporter, posted an 18.7% year-on-year rise in third-quarter profit, driven by robust export performance and improved domestic two-wheeler sales. The Pulsar maker reported a profit of ₹25.03 billion for the quarter ended December 31, up from ₹21.09 billion a year earlier, broadly in line with analyst expectations of ₹25.07 billion. Revenue from operations climbed nearly 19% to ₹152.2 billion, surpassing market estimates, supported by a richer product mix and higher premium vehicle sales despite lingering cost pressures.
Exports remained the key growth engine for the company. Two-wheeler exports rose 13.8%, aided by strong demand in African markets and favourable currency movements, while overall overseas shipments — which account for nearly half of Bajaj Auto’s total two-wheeler volumes — increased 7.4%. The export momentum helped offset competitive intensity in the domestic market, where growth conditions have been more challenging.
Domestic two-wheeler sales edged up 2.3%, supported by tax reforms and festive-season demand, marking a recovery after two consecutive quarters of decline. However, this growth trailed the industry’s 17% rise in domestic two-wheeler sales, highlighting ongoing competitive pressures. Investor sentiment remained positive, with Bajaj Auto shares closing 0.9% higher ahead of the results and gaining 7.7% during the third quarter.
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