Date: October 14, 2026

Financial Results (Consolidated Proforma)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Total Revenue from Operations (Including Agency Sales): ₹1,943 crore vs ₹1,657 crore, up 17.26% YoY
  • Vehicle sales (including Agency Sales & Pre-Owned Vehicle Sales): ₹1,662 crore vs ₹1,403 crore, up 18.46% YoY
  • After-sales service and spare parts and others: ₹281 crore vs ₹254 crore, up 10.63% YoY

Quarter-over-Quarter Performance (Q2 FY27 vs Q1 FY27):

  • Total Revenue from Operations: ₹1,943 crore vs ₹1,732 crore, up 12.18% QoQ
  • Vehicle sales: ₹1,662 crore vs ₹1,465 crore, up 13.45% QoQ
  • After-sales service and spare parts and others: ₹281 crore vs ₹267 crore, up 5.24% QoQ

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Revenue from Operations: ₹3,675 crore vs ₹3,073 crore, up 19.59% YoY
  • Vehicle sales: ₹3,127 crore vs ₹2,584 crore, up 21.01% YoY
  • After-sales service and spare parts and others: ₹548 crore vs ₹489 crore, up 12.07% YoY

Note on Proforma Revenue: The proforma revenue from operations includes revenue from the sale of cars through the Mercedes-Benz agency model. Under the agency agreement, customers place orders directly with MBIL, and LCL and LCEPL earn commission on each sale of Mercedes-Benz cars.

Business Update

Operational Highlights:

  • The Company recorded its highest-ever quarterly and half-yearly Total Revenue from Operations on a proforma basis
  • Performance supported by outlet ramp-up and stabilization
  • H1 is seasonally weaker than H2, with business activity typically gaining momentum during the festive period

Product Launches:

  • Partner OEMs continue to drive new launches across premium, luxury, and EV segments
  • Recent launches include Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic
  • Full-scale deliveries expected to commence from October 2026
  • Next quarter will feature key launches including India-made Mercedes-Benz GLC EV and BYD's luxury brand Denza
  • Improved availability expected for Mercedes-Benz CLA EV following strong customer demand and initial supply constraints

Strategic Partnership:

  • During the quarter, the Company entered a strategic partnership with OLX India (part of CarTrade Tech)
  • Partnership aims to develop an integrated phygital pre-owned car platform
  • Combines OLX India's digital reach with Landmark's physical retail network
  • Offers customers an integrated car buying and selling experience

Operational Challenges:

  • Significant flooding in Gujarat during Q2 FY27 affected business operations
  • Impacted new vehicle sales and after-sales activities in the affected regions

Outlook:

  • Company remains optimistic about the festive season
  • Expects to enter H2 on a strong footing
  • Supported by healthy pipeline of customer enquiries and bookings during ongoing festive season
  • Mindful of interest rate hikes and evolving macroeconomic conditions

Disclosure Status

The information is provisional on a consolidated basis and is subject to a limited review by the Statutory Auditors of the Company.

Compliance Information

GSTIN: 24AABCL1862B1Z2