Bajaj Mobility revenue nearly doubles, EBITDA turns positive
Bajaj Mobility AG posts 80% revenue jump to €370M, EBITDA margin of 8.7% versus -55.6% a year ago. The preliminary numbers confirm a widely anticipated turnaround.
— 2 earlier stories on Bajaj Auto Ltd. →What's new
- Bajaj Mobility AG revenue jumps 80% YoY to €370M in Q2 2026.
- EBITDA margin turns positive at 8.7% from -55.6% a year ago.
- Motorcycle sales rise 71% to 48,672 units under KTM, Husqvarna, GASGAS.
Why this matters
The steep turnaround confirms the restructuring of Pierer Mobility is taking hold. For Bajaj Auto, the subsidiary's Q2 revenue of €370M directly supports consolidated earnings, though the market had anticipated improvement given prior guidance.
What we're watching
- Final half-year results on August 27, 2026, for audited figures.
- Whether the subsidiary's EBITDA margin can sustain or expand above 8.7%.
- Impact on Bajaj Auto's consolidated margins in the upcoming quarter.
The full read
The restructuring at Bajaj Mobility AG is showing results. Revenue in Q2 jumped 80% to €370M. EBITDA margin turned positive at 8.7% from -55.6% a year ago. Motorcycle sales rose 71% to 48,672 units. Hardly a surprise. The market has been tracking this recovery for months. But the magnitude is still striking: first-half revenue of €700M is nearly double the €373M from a year ago, with a margin of 5.4%. The turnaround is real. Final audited numbers on August 27 will tell. These preliminary figures provide positive confirmation, but they are already priced in.
Questions answered
- What is Bajaj Mobility AG and how does it relate to Bajaj Auto?
- Bajaj Mobility AG (formerly Pierer Mobility) is a step-down subsidiary of Bajaj Auto that holds the KTM, Husqvarna, and GASGAS motorcycle brands. Bajaj Auto has increased its involvement in the unit's restructuring and operations.
- How significant is this subsidiary to Bajaj Auto's overall business?
- The subsidiary's Q2 2026 revenue of €370M contributes positively, but analysts note its earnings contribution is still small relative to parent profitability.
- What caused the dramatic EBITDA swing from -55.6% to +8.7%?
- The filing doesn't detail the drivers, but the recovery follows a restructuring plan involving cost cuts, inventory normalization, and improved sales volumes: motorcycle sales surged 71% to 48,672 units.
- Why are these results labeled 'preliminary' and when will final numbers be available?
- The subsidiary reported preliminary unaudited figures to the SIX Swiss Exchange. Final half-yearly financial results are scheduled for publication on August 27, 2026.
- How does this affect Bajaj Auto's stock?
- The recovery trajectory has been well-telegraphed by management and was largely anticipated by the market. The positive confirmation supports the narrative but is unlikely to trigger major consensus upgrades given the preliminary nature of the figures.
Bajaj Auto Ltd.
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All notes on BAJAJ-AUTO →- 16 Jul 2026 · 10:36 AM IST Bajaj Mobility revenue nearly doubles, EBITDA turns positive
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