Landmark Cars reported its highest-ever first-quarter revenue of ₹1,733 crore, a 22.47% increase compared to the same period last year. The luxury automotive retailer saw strong growth across both its new vehicle sales and after-sales service segments. This performance update comes after a challenging year for the stock, which had previously declined 12% over the last 12 months.
Landmark Cars saw its stock price rise sharply on Tuesday, climbing 17.4% to reach an intraday high of ₹496.70 on the National Stock Exchange. The surge follows a business update in which the company reported record-breaking sales for the quarter ending June 30, 2026.
Revenue Breakdown and Proforma Performance
The company reported proforma consolidated revenue of ₹1,733 crore, marking a 22.47% increase compared to the same quarter last year. This proforma figure is used by the company to ensure consistent comparisons, particularly because Mercedes-Benz transitioned to an agency model where the dealer earns a commission on sales rather than recording the full vehicle price as revenue. Breaking down the figures, vehicle sales—which include both new agency models and pre-owned cars—grew by 24.15% to ₹1,465 crore. Meanwhile, the after-sales business, which covers services and spare parts, recorded revenue of ₹268 crore, representing a 14.04% year-on-year growth.
Impact of Supply Chains and New Model Launches
The company pointed to several factors driving this momentum. Deliveries began for key models during the quarter, including the Mercedes-Benz CLA, MG Majestor, and the Renault Duster. Additionally, Landmark Cars noted an improvement in the supply of BYD vehicles, which has been a constraint in previous periods. Management expects this supply situation to improve further in the coming months, potentially supporting sales volume. The company is also expanding its workshop capacity for various brands, which is a key strategy to increase long-term revenue from service and parts.
Investor Context and Future Outlook
While this quarterly performance shows strong growth, investors should note that the company has faced a difficult period, with the stock price falling approximately 12% over the past year. Today’s rally marks a partial recovery, though the company has not yet set a date for its formal board meeting to approve and release the final audited financial results for Q1 FY27. Moving forward, the key factor for investors to track will be the actual execution of sales targets as the company launches more vehicles from partners like Mahindra, Honda, Kia, and BYD. Additionally, the sustainability of margins in the after-sales segment as the company incurs costs to expand its workshop network will be a critical monitorable in upcoming financial filings.