Bajaj Auto Q1 profit up 42% to ₹1,665 cr

Two-wheeler maker Bajaj Auto reported a 42% rise in its net profit to ₹1,665 crore in the June quarter, primarily driven by motorcycle sales in the domestic market, which managed to offset the impact of challenging conditions in the export markets.

- Alisha Sachdev

The firm posted domestic volume growth of 73% from a year ago in April-June, while exports fell 35%. Overall sales rose 10% over a year earlier. Its operating revenue rose 29% to ₹10,310 crore in Q1, while profit margin rose 280 basis point to 19% as its volume mix favoured high-margin premium products, pricing action and higher foreign exchange realization.