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Bajaj Auto and TVS Motor shares rise after strong June-quarter results
Bajaj’s exports rose to a record 730,000 units in Q1FY27, with the company targeting a monthly run rate above 250,000 units going forward.
Bajaj Auto and TVS Motor Co. rallied after strong June-quarter results, with both stocks up more than 3% on Wednesday and Bajaj hitting a fresh 52-week high of ₹10,838, according to LiveMint Markets.
Brokerages raised FY27 and FY28 earnings estimates for both companies after robust volumes and calibrated price hikes helped cushion sharp commodity cost inflation. Bajaj’s standalone revenue rose 37% year-on-year, while its operating margin held steady sequentially at 20.9%, versus 20.8% in Q4FY26, despite a 4.5% commodity cost headwind.
TVS reported standalone revenue growth of about 38% and an operating margin of 12.8% that exceeded expectations, though it softened sequentially. Both companies said they remain optimistic on demand and are investing in capacity expansion and electric vehicles.
The earnings momentum is now expected to rely on different growth levers. Bajaj is leaning on exports, which account for about 40% of standalone revenue, and it reported record exports of 730,000 units in Q1FY27, driven by three-wheeler demand in Africa and motorcycle sales in Latin America, while targeting a monthly export run rate above 250,000 units versus roughly 244,000 units in Q1FY27. TVS, meanwhile, focused on broad-based growth across scooters, motorcycles, EVs and exports.