TVS Motor’s Q1 profit jumps 51% as margins improve; brokerages raise targets
TVS Motor reported Q1 FY27 net profit of ₹1,174 crore and revenue of ₹13,896 crore, up 51.3% and 37.8% year on year. EBITDA margin expanded to 12.8% as scooter, export, EV and three-wheeler volumes accelerated, prompting target-price upgrades from Jefferies and Kotak.
TVS Motor posted record Q1 FY27 sales, with profit up 51% and revenue up 38%. Brokerages raised or reiterated bullish calls as margins improved despite commodity inflation, while domestic, export, EV and three-wheeler volumes gained strongly.
Why this matters
The result extends TVS Motor’s recent pattern of record Q1 sales and profit growth driven by EVs and exports, following the launch of its TVS Paddock premium retail network.
retail-company is accelerating, up +979900% QoQ.