Bajaj Auto Q3 Preview: Profit expected to rise 21% on higher volumes and stronger mix

The country's second-largest two-wheeler maker, Bajaj Auto Ltd, is expected to report steady third-quarter results for FY26 on January 30, with profit projected to rise 21% year-on-year to ₹2,562 crore from ₹2,109 crore in Q3FY25.

Revenue is estimated to increase 20% to ₹15,330 crore, up from ₹12,807 crore a year ago. EBITDA is likely to grow 22% to ₹3,149 crore, with margins holding above 20% at 20.5%, compared with 20.2% in the corresponding quarter last year.

Also Read: Bajaj Auto sees export momentum and market share gains in premium motorcycles

Volume growth is expected at 10% year-on-year and 4% quarter-on-quarter, supported by festive demand, GST cuts, and strong export growth. Average selling price (ASP) is projected to rise 9% YoY, though it may dip 1% sequentially.

Rupee depreciation and a better product mix are expected to support realisations, while rising raw material costs are likely to be offset by higher dollar realisation and operating leverage. Investors will also watch for updates on demand outlook, upcoming Pulsar launches, e-mobility initiatives, and KTM strategies.

Shares of Bajaj Auto Ltd

ended at ₹9,498.20, up by ₹62.95, or 0.67%, on the BSE.

Also Read: Bajaj Auto expects key approval for KTM takeover in November, Rajiv Bajaj says restructuring underway