Bajaj Auto Revenue History — Quarter by Quarter

Bajaj Auto's revenue moved from ₹10,312 Cr in Q1 FY24 to ₹17,832 Cr in Q4 FY26, a 72.9% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹17,832 Cr	+32%
Q3 FY26	₹16,204 Cr	+19%
Q2 FY26	₹15,735 Cr	+14%
Q1 FY26	₹13,133 Cr	—
Q4 FY25	₹12,646 Cr	+6%
Q3 FY25	₹13,169 Cr	+6%
Q2 FY25	₹13,247 Cr	+22%
Q1 FY25	₹11,932 Cr	+16%
Q4 FY24	₹11,555 Cr	+29%
Q3 FY24	₹12,165 Cr	+30%
Q2 FY24	₹10,838 Cr	+6%
Q1 FY24	₹10,312 Cr	+29%

What management said about revenue

Q4 FY26 · Exports target of 220,000+ units per month in Q1 FY27

Management expects to push monthly export volumes beyond 220,000 units in the current quarter, up from ~200,000, despite loss of Gulf business.

Q4 FY26 · Commodity cost inflation impact of 3.5-4% of revenue in Q1 FY27

CFO estimates material cost inflation of 3.5-4% of revenue in Q1 over Q4, driven by sharp increases in steel, aluminum, copper, and noble metals.

Q4 FY26 · New Pulsar models in 125cc and 150cc+ segments launching in July

Management confirmed new Pulsar variants will hit the market in July, aiming to further strengthen share in the premium segment.

Q3 FY26 · Domestic motorcycle industry growth of 12-15% near-term

Management expects the motorcycle industry to sustain double-digit growth of 12-15% in the coming months, driven by GST rationalization and positive consumer sentiment.

Q3 FY26 · Export run rate of 200,000+ units per month in Q4

Bajaj Auto targets monthly export volumes exceeding 200,000 units in Q4 FY26, building on the momentum of crossing 600,000 units in Q3.

Q3 FY26 · 15 product interventions in Pulsar portfolio over 6 months

Management plans 8 more product refreshes/upgrades in the next 4 months, completing a full refresh of the Pulsar portfolio to drive market share gains in the 150cc+ segment.

Q2 FY26 · Exports growth target of 15-20%

Management expects sustained export momentum with 15-20% growth, emphasizing superior positions in better markets.

Q2 FY26 · Industry motorcycle growth of 6-8% in medium term

Management expects the motorcycle industry to improve growth rates by 6-8 percentage points in the medium term, driven by GST cuts and festive sentiment.

Q2 FY26 · Three-wheeler sales over 100,000 units per quarter

Management expects to maintain three-wheeler sales of over 100,000 units per quarter, driven by ICE and EV growth.

Q1 FY26 · Export growth to continue at similar tempo

Management expects export growth to maintain the current quarter's pace, supported by KTM export resumption and strong emerging market demand.

Q4 FY25 · Exports to grow 15-20% per quarter

Management expects exports to continue growing at 15-20% every quarter, driven by Latin America, KTM exports resumption, and strong competitive positions.

Q4 FY25 · Domestic motorcycle industry growth of 5-6% in FY26

The industry is expected to grow 5-6% in FY26, led by the 125cc+ segment.