TVS MOTOR'S (TVSL'S) Q1FY23 performance was in line with our estimates delivering an Ebitda margin of 10% (flat q-o-q). Ebitda per unit rose 2% q-o-q to ₹6.6k led by 3% higher ASP due to 1.5% blended price hikes taken and higher scooter mix at the cost of entry-level motorcycles. Strong brand recall, diversified domestic portfolio, rising export mix and success in the premium 2W segment have led to the company delivering 10% Ebitda margin for four consecutive quarters despite RM cost pressures and chip supply issues.
This story is from the August 01, 2022 edition of Financial Express Mumbai.
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This story is from the August 01, 2022 edition of Financial Express Mumbai.
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