By- Tannu Puri
Bajaj Auto shares fell by as much as 5% on March 4, reaching a 52-week low of Rs 7,324, as investors continued to sell off the stock due to concerns over its subdued sales performance in February 2025. According to the company’s regulatory filing, Bajaj Auto reported a modest 2% year-on-year increase in total sales, rising to 3,52,071 units from 3,46,662 units in the previous year. Two-wheeler sales showed only a slight increase, reaching 2,99,418 units compared to 2,94,684 units in February 2024. The growth was primarily driven by a 23% rise in exports, which hit 1,53,280 units, while domestic sales dropped by 14% to 1,46,138 units, reflecting weak consumer demand.
The commercial vehicle segment saw a muted 1% growth, with total sales of 52,653 units. Domestic sales in this segment rose by 3% to 37,277 units, but exports declined by 2% to 15,376 units. Despite the slow sales in February, Bajaj Auto has maintained steady growth for the fiscal year. From April 2024 to February 2025, total sales increased by 7% to 42,81,143 units, up from 39,85,029 units in the same period last year.
Rakesh Sharma, Executive Director at Bajaj Auto, acknowledged that the overall demand for two-wheelers remained weak across the industry, with many consumers delaying purchases. However, he expressed optimism that the market would recover in the coming months, with industry-wide growth expected to be between 6-8% over the next four to five months. Sharma noted that Latin America had become the world’s largest market for motorcycles, although currency volatility remained a concern. Stability in Africa was aiding global sales recovery, and demand in Asia was also expected to rebound.
For the third quarter ended December 31, 2024, Bajaj Auto reported a 3.3% year-on-year increase in net profit to Rs 2,108.7 crore, slightly below market expectations. In the same period last year, the company posted a net profit of Rs 2,042 crore. Revenue from operations grew 5.7% to Rs 12,807 crore, up from Rs 12,114 crore in the year-ago quarter, driven by strong exports, growth in its domestic green energy portfolio, and another record performance in the spares segment. As of 2:40 pm, Bajaj Auto shares were trading at Rs 7,351, down by 4.7% from the previous close on the NSE. The stock has dropped 18% over the past month.
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