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Bajaj Auto also reported strong quarterly performance, with Q4 FY26 standalone revenue surging 32% year-over-year to ₹16,006 crore and profit after tax climbing 34% to ₹2,746 crore.
For the full fiscal year ended March 31, 2026, the company achieved record standalone revenue of ₹58,732 crore, a robust 17% increase year-on-year. Standalone profit after tax (PAT) saw a significant jump of 21% year-on-year, reaching ₹9,825 crore, with EBITDA growing 19% to ₹12,019 crore.
A key strategic development during the fiscal year was the completion of the acquisition of a controlling stake in KTM AG (via Pierer Bajaj AG) on November 18, 2025. This transaction made KTM AG a step-down subsidiary, with Bajaj Auto effectively holding approximately 74.9% in BMAG/KTM AG.
This integration is expected to drive future growth by aligning KTM's premium motorcycle portfolio more closely with Bajaj's global distribution network.
Bajaj Auto has cultivated a deep, evolving partnership with Austrian motorcycle manufacturer KTM AG since initially acquiring stakes in 2007. The company progressively increased its shareholding, recognizing the synergies and growth potential of the KTM brand, particularly in high-performance segments. The recent acquisition of a controlling stake in November 2025 culminates this long-term strategy, solidifying Bajaj's influence and financial integration with KTM's operations.
Shareholder value was further enhanced with a recommended final dividend of ₹150 per share and an approved share buyback program.
Bajaj Auto Credit Limited (BACL) also demonstrated healthy growth, with its Assets Under Management (AUM) reaching ₹18,835 crore in FY26, underscoring the strength of its financing arm.
Bajaj Auto's FY26 performance demonstrates robust growth, outperforming some peers in percentage terms, particularly with the contribution from KTM consolidation. While Hero MotoCorp leads in volume, Bajaj Auto's strategic focus on premium segments and international markets, now enhanced by KTM, offers a distinct positioning. TVS Motor Company's advancements in premium offerings and electric ventures highlight a dynamic competitive landscape.
No specific risks were highlighted in the company's filing for the period under review.
Key financial metrics for the year included a consolidated EBITDA margin of 19.1% for FY26, reflecting strong operational efficiency, and a consolidated Profit After Tax margin of 17.1%, indicating healthy profitability.
Looking ahead, investors will monitor the financial contribution and integration progress of the newly consolidated KTM AG operations, performance of domestic and export markets, execution of the share buyback program, future dividend payout trends, and the growth trajectory of Bajaj Auto Credit Limited's AUM.