Bajaj Auto Ltd reported a 23% increase in consolidated revenue, reaching ₹62,905 crore for the fiscal year 2026 (FY26), fueled by a 10% growth in overall volumes, which exceeded 5 million units. The company's net profit rose 7% to ₹9,212 crore, and operating profit margins improved from 19% to 21%. However, Bajaj Auto's executive director, Rakesh Sharma, cautioned that demand for two-wheelers in India could decline due to rising raw material costs, driven by geopolitical tensions in West Asia, which have led to increased vehicle prices. This situation has diminished the benefits of recent Goods and Services Tax (GST) cuts, with over a third of the gains already reversed. In the fourth quarter alone, profits surged 103% to ₹3,492 crore, largely due to a one-time profit recognition from its parent company, KTM, while revenues grew 41% to ₹17,832 crore. Despite these strong results, Bajaj Auto predicts that the two-wheeler industry will see only high single-digit growth in FY27. The company also highlighted that rising fuel prices could accelerate the adoption of electric vehicles (EVs), which currently contribute about 20% to its domestic revenue.