Bajaj Auto Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Bajaj Auto reported strong Q1 FY26 financials: Rev over INR12,500 Cr, EBITDA almost INR2,500 Cr, PAT approximately INR2,100 Cr, with 19.7% margin. Exports recovered (volume +16%), led by premium bikes. Commercial vehicle exports hit Q1 highs, with e-auto market leadership. EV volumes doubled for Chetak (21% share), portfolio nearing double-digit EBITDA. However, EV supply chain faces HRE magnet issue, causing Q2 production shortfalls (Chetak ~50%). Management expects short-term resolution and long-term de-risking. The domestic 2W market remains soft, with focus on 125cc+ segment. Overall, management is confident in market growth and diversified business strategy despite headwinds.