Landmark Cars reported record-breaking revenue of Rs 1,943 crore for Q2 FY27, marking a 17.26% year-on-year growth. Despite operational disruptions caused by floods in Gujarat, the company sustained strong vehicle sales. Landmark also announced a strategic phygital partnership with OLX India to expand its pre-owned car business, positioning itself for a robust H2 demand as the festive season shifts into October.
Landmark Cars Reports Record Q2 Revenue of Rs 1,943 Crore
Total Revenue grew 17.26% YoY; H1 Revenue reached Rs 3,675 crore.
Reader Takeaway: Strong vehicle sales and dealership expansion drive record numbers, though Gujarat floods remain a temporary operational pressure point.
What just happened
Landmark Cars has announced its unaudited proforma results for the quarter ended September 30, 2026. The company achieved its highest-ever quarterly revenue of Rs 1,943 crore, up 17.26% from Rs 1,657 crore in the same period last year. Vehicle sales, the primary growth engine, grew 18.46%, while after-sales services added 10.63% to the total turnover.
Why this matters
The record-breaking performance highlights the successful scaling of Landmark’s dealership network. By integrating physical retail with a new strategic partnership with OLX India, the company is positioning itself to capture a larger share of the organized pre-owned car market. This phygital approach aims to bridge the gap between digital consumer discovery and physical inspection.
Business and Operating Update
Operations faced a significant challenge this quarter due to severe flooding in Gujarat, which disrupted both vehicle deliveries and service center throughput. Despite this, the company maintains a positive outlook for the second half of the fiscal year. Management noted that the festive season, which shifted from September to October this year, creates a stronger pipeline for Q3.
Risks to watch
Investors should monitor how the Gujarat floods impacted profit margins, as operational downtime typically increases overhead costs. Additionally, management remains cautious regarding potential interest rate hikes and broader macroeconomic volatility, which could dampen consumer appetite for premium and luxury vehicle segments in the coming months.
What to track next
The company has a busy launch pipeline for the remainder of the year, including deliveries of the Kia Sorento, MG Hector Tomahawk, and the BYD Sealion 7 Dynamic. The success of the Mercedes-Benz GLC EV and the entry of the BYD Denza brand will be key indicators of the company’s ability to capture the growing premium and electric vehicle market.