Q1 2026 TVS Motor Company Ltd Earnings Call Transcript
Key Points
- TVS Motor Co Ltd (BOM:532343) posted its highest ever quarterly revenue, surpassing INR10,000 crores, with a 20% growth in revenue and a 35% increase in profit.
- The company achieved a 32% growth in operating EBITDA, with an improved EBITDA margin of 12.5%, up from 11.5% last year.
- Two-wheeler international sales grew by 40%, significantly outperforming the industry growth of 23%.
- TVS Credit saw a 30% growth in PBT, expanding its customer base to over 2 crores.
- The company is optimistic about the upcoming festive season, expecting strong growth in both domestic and international markets, driven by a robust product lineup and positive market conditions.
- Rural growth was slightly lower than urban growth, with rural areas showing only a 3.3% increase compared to the overall 4% growth.
- Challenges in the availability of rare earth magnets have impacted EV production, with the company managing daily production to mitigate short-term setbacks.
- The e-bike segment in Europe is experiencing slow growth due to economic challenges, impacting overall performance.
- The company faces potential cost pressures from commodity price increases, particularly in steel, which may affect margins.
- There are ongoing challenges in the Bangladesh market, although the company expects gradual improvement over time.
Ladies and gentlemen, good day, and welcome to TVS Motor Company Limited Q1 FY26 post results earnings conference call, hosted by Batlivala & Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Annamalai Jayaraj from B&K Securities India Private Limited. Thank you, and over to you, sir.
Thanks, Palak. Welcome to TVS Motor Company 1Q FY26 post results conference call. From TVS Motor Company Limited management, we have with us today, Mr. K. N. Radhakrishnan, Director and Chief Executive Officer; Mr. K. Gopala Desikan, Chief Financial Officer. We will start with opening remarks by K. N. Radhakrishnan, to be followed with the question-answer session.
Over you, sir.
Good afternoon. Good afternoon, everyone, and thanks for
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