This multibagger automobile giant has released its sales report for April 2024: Know more here!
The company's overall sales for April 2024 stood at an impressive 3,88,256 units, reflecting a robust 17 per cent growth compared to the same period last year.
Today, the shares of Bajaj Auto Limited zoomed by 0.62 per cent. The company's current market capitalization standing at Rs 2,56,287.02 crore.
Share Performance:
On Friday, the stock opened at Rs 9,115.85, with the previous closing being Rs 9,103.80. The 52-week high and low are Rs 9,356 and Rs 4,427.30, respectively as per BSE.
Recent Development:
In April 2024, Bajaj Auto Limited reported robust sales performance across its two-wheeler and commercial vehicle segments. The company witnessed significant growth in both domestic and export markets compared to the same period last year.
In the two-wheeler segment, domestic sales surged by 19 per cent to reach 2,16,950 units, reflecting strong demand within the Indian market. Similarly, exports of two-wheelers saw a notable increase of 18 per cent, totaling 1,24,839 units. Combined, the two-wheeler segment recorded a substantial growth of 19 per cent, with total sales reaching 3,41,789 units.
Meanwhile, in the commercial vehicle category, domestic sales experienced a modest uptick of 3 per cent, totaling 32,133 units. Export volumes for commercial vehicles witnessed a more significant growth of 20 per cent, reaching 14,334 units. Overall, the commercial vehicle segment recorded a 7 per cent increase in sales, amounting to 46,467 units.
When considering the total sales figure combining both two-wheelers and commercial vehicles, Bajaj Auto Limited reported a commendable 17 per cent growth in domestic markets, with total domestic sales reaching 2,49,083 units. Similarly, exports of both vehicle categories surged by 18 per cent, totaling 1,39,173 units. Consequently, the company's overall sales for April 2024 stood at an impressive 3,88,256 units, reflecting a robust 17 per cent growth compared to the same period last year.
Based on the recent sales figures, the company's future prospects appear promising.
About the Company:
Bajaj Auto, the leading entity of the Bajaj Group, is a prominent manufacturer of two-wheelers and three-wheelers. The company boasts a wide global reach, exporting its products to 79 countries spanning various regions including Latin America, Southeast Asia, and beyond. With its headquarters situated in Pune, India, Bajaj Auto has established itself as a key player in the international automotive market.
Business Development:
In terms of product-wise distribution, Bajaj Auto's revenue is primarily driven by its automobile segment, which accounts for 96.75 per cent of the total value. Investment services contribute 3.11 per cent, while other products make up a minor portion of 0.14 per cent.
Breaking down the revenue geographically, the majority of Bajaj Auto's revenue comes from its operations in India, representing 61.73 per cent of the total value. The remaining 38.27 per cent of revenue is generated from other regions outside of India.
Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 106 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.