Mahindra & Mahindra delivered a robust Q1 FY26 performance with consolidated net profit rising 24% to ₹4,083 crore and revenue growth of around 22–23%, touching ₹45,529 crore. This strong showing was fueled by broad‑based strength across core segments, especially automotive and farm equipment, where margins expanded and volumes surged. The auto segment revenue rose 31%, driven by healthy SUV demand and improved SUV market share, which gained nearly 570 basis points to reach 27.3%. Tractor sales and farm equipment also posted double‑digit gains.
Support businesses added momentum: financial services AUM grew 15%, while Tech Mahindra improved margins via a 260 bps rise in EBIT. Logistics revenue climbed 14%, and hospitality via resorts inventory expansion added growth. Auto volumes rose ~17%, led by strong SUV and utility vehicle performance.
Leadership highlighted operational resilience despite macro challenges like geopolitical disruptions. Shareholder value remains central, with strategies focusing on capital discipline, margin enhancement, and market share gains across segments.
With sustained SUV demand, expanding farm equipment sales, and rising financial services penetration, M&M’s Q1 results signal a positive outlook. The company’s diversified portfolio and operational execution position it well for continued momentum through FY26, reinforcing its leadership in India’s automotive and rural economy landscape.
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