Bajaj Auto

Bajaj Auto delivered a record Q4 with revenue of ₹16,060 croreCurrent reported value: ₹16,060 crore. No comparable prior figure is available in the source record. (+32Current 32 crore vs previous available quarter 19 crore.% YoY), EBITDA of ₹3,323 croreCurrent ₹3,323 crore vs previous available quarter ₹3,161 crore. (+36% YoY), and PAT of ₹2,746 croreCurrent reported value: ₹2,746 crore. No comparable prior figure is available in the source record. (+34Current reported value: 34. No comparable prior figure is available in the source record.% YoY). EBITDA margin expanded 60bps to 20.8%Current reported value: 20.8%. No comparable prior figure is available in the source record., driven by favorable currency, richer mix, and operating leverage, offsetting 40bps net commodity inflation. All three business segments (domestic 2W, 3W, exports) grew volumes and revenues by ~20% and ~30% respectively. Exports hit a new high of ~$600M, with Latin America delivering 11 consecutive quarters of growth. Domestic 150cc+ segment market share is recovering, with Pulsar N/NS growing at twice the industry rate. Chetak crossed 1 lakh quarterly retail for the first time, and the electric portfolio achieved double-digit EBITDA margins. Management expects near-term motorcycle industry growth to moderate to 7-9%, but sees continued momentum in premium segments and EVs. Key risk: sharp commodity inflation (3.5-4% of revenue impact in Q1) may pressure margins if pricing and cost actions fall short.