Landmark Cars Reports Record 30% YoY Revenue Growth in Q2FY26

Landmark Cars Limited reported a consolidated revenue of ₹1,655 crore for Q2FY26, marking a 30.52% year-on-year increase from ₹1,268 crore in Q2FY25 and a 16.96% sequential rise from ₹1,415 crore in Q1FY26. This is the company’s fastest quarterly growth since listing, driven by outlet expansion and festive demand during Navratri.

Vehicle sales, including agency and pre-owned units, accounted for ₹1,403 crore, up 35.03% year-on-year, while after-sales, spares and other services brought in ₹252 crore, reflecting a 10.04% increase.

The company said demand remained strong despite a temporary deferment of purchases ahead of the mid-August GST rate cut announcement, which came into effect on 22 September 2025. It described the GST reduction on ICE vehicles as a “pathbreaking measure” expected to support sustained recovery in demand.

During the quarter, Landmark Cars operationalised two Kia workshops in Hyderabad and began Mercedes-Benz operations in Patna. Both outlets have started contributing to revenue and are expected to show a fuller impact through the year. In October, it also opened its MG Select outlet in Kolkata, which has received positive consumer response.

The company reported its highest-ever quarterly after-sales revenue, supported by recently launched workshops. It is targeting a return to its historical growth rate in the segment during the current financial year.

Landmark Cars is also expanding partnerships, with a planned Mahindra & Mahindra sales outlet in Hyderabad and small-format Kia showrooms in Hyderabad and Kolkata, all scheduled to become operational in November.

Landmark Cars Limited is an automotive retail group in India that operates dealerships for brands including Mercedes-Benz, Honda, Jeep, Renault, Volkswagen, Kia, Mahindra and BYD. Its business includes new vehicle sales, pre-owned vehicle transactions, after-sales services and spare parts.

The company also participates in the agency sales model for certain luxury brands, earning commissions instead of recording vehicle revenue. Landmark has a presence across multiple states and continues to add workshops and sales outlets for various manufacturers. The after-sales segment contributes a consistent share of revenue, alongside growth from network expansion and partnerships in both conventional and electric vehicle categories.