Landmark Cars Ltd (NSE:LANDMARK)

Q2 2026 Landmark Cars Ltd Earnings Call Transcript

Nov 11, 2025 / 04:00 AM GMT

Release Date Price: ₹607.5 (+0.40%)

Transcript

Key Points

Positve

Landmark Cars Ltd (BOM:543714) reported a strong year-on-year revenue growth of 31% for the quarter, driven by a 35% increase in new car sales.
The company successfully navigated the GST rate transition, which is expected to attract more buyers in the premium and luxury segments.
Landmark Cars Ltd (BOM:543714) has strong partnerships with major OEMs like Mercedes-Benz and Honda, which are planning aggressive expansions in India.
The company anticipates a sustained demand momentum due to favorable GST reforms and upcoming new model launches.
Landmark Cars Ltd (BOM:543714) is well-positioned to benefit from the growing demand for electric vehicles, as evidenced by its significant contribution to BYD's sales in India.

Negative

The GST rate transition led to short-term uncertainty and exerted temporary pressure on gross margins due to increased discounting and incentives.
The company's gross profit margin was lower this quarter due to the liquidation of demo cars and selective discounting.
There were challenges in utilizing accumulated CES credits, impacting profitability and cash flow.
Interest expenses increased due to higher sales and inventory levels, although a tapering off is expected in the coming quarters.
Service margins declined due to the addition of new workshops that are not yet operating at full capacity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LANM.NS - Landmark Cars Ltd
Q2 2026 Landmark Cars Ltd Earnings Call
Nov 12, 2025 / 04:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Landmark Cars Q2 FY26 earnings call hosted by ICICI Securities Limited.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. I now hand the

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