TVS Motor posts strong Q1FY27 growth; broker maintains Buy with ₹4,780 target
TVS Motor’s Q1FY27 revenue rose 38% year-on-year to ₹13,896 crore and PAT increased 51% to ₹1,174 crore, led by domestic two-wheelers, EVs, exports and three-wheelers. The broker cited demand, pricing and cost optimisation despite commodity pressure.
TVS Motor reported strong Q1FY27 growth across domestic two-wheelers, EVs, exports and three-wheelers. Despite commodity-led gross-margin pressure, operating leverage lifted EBITDA margin. The broker maintained a Buy rating and ₹4,780 target, citing healthy demand, pricing and cost optimisation.
Why this matters
TVS Motor’s results extend recent EV momentum: it widened its e-two-wheeler lead as Ola and Ather registrations declined and led July e-two-wheeler registrations amid India’s EV sales rise.
retail-company is accelerating, up +202771% QoQ.