TVS Motor Company is expected to report robust financial results for the June quarter (Q1FY27), with revenue projected at ₹13,600 crore, representing a 34.9% year-on-year growth from ₹10,081 crore in the same period last year. According to Zee Business estimates, EBITDA is estimated to rise 30.6% to ₹1,650 crore from ₹1,263 crore a year ago, while net profit (PAT) is expected at ₹1,011 crore, up 29.8% from ₹779 crore reported in the year-ago quarter. However, EBITDA margin is expected to decline to 12.1% from 12.5% a year earlier, indicating pressure on profitability due to higher input costs.
TVS Motor's operational performance is expected to remain strong during the quarter, with vehicle volumes estimated to have increased 27.7% year-on-year to around 16.3 lakh units, supported by healthy demand across domestic and export markets. As reported by Zee Business, exports are expected to grow 47%, providing an additional boost to revenue. Average realisation per vehicle is estimated to improve 4.5% to nearly ₹82,500, helped by product mix and pricing actions. Analysts also expect the company's earnings to benefit from US dollar appreciation, which could support export income.
According to HDFC Securities, higher raw material costs are expected to impact profitability across the automobile sector during the June quarter, as price increases taken by manufacturers have only partly offset the rise in costs. The brokerage noted that ocean freight costs increased around 40% quarter-on-quarter, while annual employee salary increments are also expected to increase costs. Elara Capital expects operating margins for two-wheeler companies to decline by 40-120 basis points sequentially, as rising prices of tyres and metals increase production costs. The gross margin impact from commodity inflation could be around 350-500 basis points.
Despite near-term margin pressure, brokerages continue to remain positive on TVS Motor due to its strong volume growth and market share gains. According to Elara Capital, TVS Motor is expected to continue gaining market share, estimating around 60 basis points year-on-year improvement in FY27 year-to-date to 19.4%. The brokerage has an 'Accumulate' rating on the stock with a target price of ₹4,173, indicating a potential upside of around 15.6%. HDFC Securities has an 'Add' rating with a target price of ₹3,986, implying a potential upside of about 10.5%.
As of 1:10 pm on July 14, TVS Motor shares were trading at ₹3,608.40, down ₹68.50 or 1.86% on the NSE. The stock has gained 8.88% over the last month, although it is down 4.94% in 2026 so far. The company's market capitalisation stood at ₹1.71 lakh crore. The stock touched a 52-week high of ₹3,970 on February 26, 2026, and a 52-week low of ₹2,728.70 on July 25, 2025.
