Bajaj Auto Limited has reported a landmark financial quarter, achieving the highest-ever Revenue and Profit After Tax (PAT) in Q2 FY’26 (July–September 2025). This strong performance was propelled by a richer mix of vehicles, record spare parts sales, and standout momentum in exports.
Financial Performance at a Glance (Standalone Q2 FY’26)
| Particulars | Q2 FY’26 (₹ Crore) | Change YoY | Key Achievement |
| Revenue from Operations | ₹ 14,922 | +14% | New Company Best |
| EBITDA | ₹ 3,052 | +15% | Surpassed ₹ 3,000 Cr Milestone |
| PAT | ₹ 2,480 | +24% | New Peak |
| EBITDA Margin | 20.5% | +20 bps | Strong Margin Expansion |
The margin expansion was supported by favorable currency realization and operating leverage. The domestic business delivered record revenue, led by stepped-up growth on premium bikes and double-digit growth on Commercial Vehicles (CVs).
Premium Two-Wheelers Lead Volume Growth
Bajaj Auto saw strong results from its premium and partner brands, underscoring its focus on the high-end segment:
- KTM + Triumph Duo: The partnership delivered its biggest ever quarter, with domestic retail sales plus exports billing exceeding 60,000 bikes, an increase of approximately 70% Year-on-Year (YoY).
- Product Launches: The growth was backed by new models, including the introduction of the Duke 160 and the launch of the Thruxton 400.
Electric Mobility and Global Expansion
- Chetak Regains Leadership: Despite navigating supply constraints during Q2, the Chetak decisively restored its market position by regaining EV scooter leadership in October.
- Commercial EVs: Commercial Vehicles scaled a new pinnacle, with the electric portfolio growing 1.5x YoY. The quarter marked the foray into the large e-rickshaw market with the launch of ‘Riki’.
- Exports Set the Pace: Exports delivered a standout performance, accelerating momentum with revenue growing 35% YoY. Two-wheeler exports grew by 19% in volume, and CV exports surged by 67% in volume.
Frequently Asked Questions (FAQs)
What was Bajaj Auto’s Revenue and PAT for Q2 FY’26?
Standalone revenue reached ₹14,922 Crore, and PAT reached ₹2,480 Crore for Q2 FY’26.
How much did the KTM and Triumph partnership sales grow in Q2 FY’26?
The KTM + Triumph duo powered their biggest ever quarter, with sales billing up approximately 70% YoY.
What was the key development in Bajaj Auto’s EV scooter segment post-Q2?
The Chetak regained leadership in the electric vehicle scooter market in October.
What was the Commercial Vehicle (CV) division’s performance in electric vehicles?
The electric CV portfolio delivered double-digit revenue growth, growing 1.5x YoY.
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