Driving Growth: Landmark Cars Reports Robust Q1 & Future Expansion Plans 🚀
Hey finance enthusiasts!
Landmark Cars Limited (LANDMARK), a prominent name in India’s premium automotive retail space, has just shared its business update for the first quarter of fiscal year 2026 (Q1FY26), and the numbers are looking impressive! The company, known for its multi-brand dealerships including Mercedes-Benz, Honda, Jeep, and Volkswagen, has certainly hit the accelerator.
Let’s dive into the key figures:
Consolidated Revenue Snapshot (Rs. in Cr)
| Particulars | Q1FY26 (Proforma) | Q1FY25 (Proforma) | YoY Growth |
|---|---|---|---|
| Total Revenue from Operations (Including Agency Sales) | 1,415 | 1,164 | 21.56% |
| Vehicle sales (including Agency Sales & Pre-Owned Vehicle Sales) | 1,180 | 947 | 24.60% |
| After-sales service and spare parts and others | 235 | 217 | 8.29% |
As you can see, the total revenue from operations surged by a remarkable 21.56% year-over-year, reaching ₹1,415 Crore! This growth was primarily propelled by strong vehicle sales, which jumped by 24.60%. Even the after-sales service and spare parts segment showed a healthy 8.29% growth, highlighting the company’s focus on comprehensive customer support and retention.
It’s worth noting that the revenue figures include sales through the agency model for Mercedes-Benz cars, where Landmark Cars earns a commission on orders placed directly with Mercedes-Benz India (MBIL).
But the good news doesn’t stop at Q1 numbers! Landmark Cars is actively expanding its footprint, setting the stage for future growth:
- New Showrooms & Workshops: In July 2025, the company operationalized two new KIA workshops in Hyderabad. Plus, they’ve started Mercedes-Benz operations in Patna, with the impact of these new ventures expected to reflect in Q2FY26. Talk about hitting the ground running! 🚗💨
- After-Sales Focus: The company is aiming to return to its historic growth rates in after-sales this financial year, a strategy bolstered by the opening of new workshops.
- Strengthening Partnerships: Landmark Cars is deepening its collaboration with Mahindra and Mahindra, with plans to open a new sales outlet in Kolkata. Additionally, small sales outlets for KIA are slated for Hyderabad and Kolkata, indicating a strategic expansion for this popular brand.
- Luxury Segment Entry with MG Select: Get ready for some luxury! Operations for MG Select, positioned as a New Age Luxury brand, are set to begin shortly in Ahmedabad and Kolkata. Their products, the Cyberster and the M9 EV, have already generated significant buzz, with deliveries starting by the end of July. This move could open up exciting new revenue streams for Landmark Cars in the premium EV and sports car segments.
These strategic expansions and robust Q1 performance signal a period of significant momentum for Landmark Cars. Keep an eye on how these developments unfold in the coming quarters! ✨
source: Corporate Announcement
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