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earnings | IST

Difficult to predict festive season sales, says Bajaj Auto

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Bajaj Auto reported its Q2FY21 numbers in-line with estimates. Rakesh Sharma, ED of Bajaj Auto discussed the numbers as well as the business outlook.

Bajaj Auto reported its Q2FY21 numbers in-line with estimates. Rakesh Sharma, ED of Bajaj Auto discussed the numbers as well as the business outlook.
“We are five days into festive season, we are all very keenly observing the progression and it is very difficult to make prediction at this point of time,” he said.
Sharma is optimistic about maintaining margin despite raw material cost increase. “Despite the strong headwinds, the business has been able to come in with an improved margin performance,” he said.
The company has achieved higher ever sales of Pulsar this quarter. “We have had the highest ever sales of Pulsar in this situation this quarter. That has impacted the margins in a positive way,” he said.
In terms of exports, he said, “We had our highest ever exports in September and in a few days to go we can say with certainty that October performance will beat September performance. If we do not have any supply chain issues and transport interruption then in November we will beat October exports. Things are going pretty well.”