Landmark Cars shares surge 15% after posting highest-ever Q1 sales, strong launch pipeline

Shares of Landmark Cars Ltd. climbed as much as 15% on Tuesday, July 14, after the company reported a strong business update for the June quarter, with double-digit growth across its key segments.The auto retailer posted its highest-ever first-quarter sales, driven by healthy growth in both vehicle sales and after-sales services.

For Q1FY27, revenue increased 22.5% year-on-year to ₹1,733 crore.Revenue from the vehicle sales business grew 24% to ₹1,465 crore, while after-sales service and spare parts revenue rose 14% to ₹268 crore.

The company attributed the strong performance to the commencement of deliveries for several new models during the quarter, including the Mercedes-Benz CLA, MG Majestor, and the new Renault Duster.

Looking ahead, Landmark Cars expects the launch pipeline to support sales momentum. New models from Mercedes-Benz, BYD, MG, Mahindra & Mahindra, Honda, and Kia are scheduled to be launched over the coming quarters.

The company also said the supply of BYD vehicles improved during the June quarter and expects further improvement in the current quarter, which should support future deliveries and revenue growth.