Two-wheeler major Bajaj Auto on Friday said the company has gained 500 bps market share over the last 2-3 quarters after it reported 19.82 percent increase in consolidated net profit at Rs 1,408.49 crore for the fourth quarter ended March 31, 2019.
In an interview to CNBC-TV18, Rakesh Sharma, executive director, said, "The strategy is to garner and keep acquiring market share. However, it is not at the cost of the margins. Margins you have to view on the context of the industry, we are not operating in a vacuum, so you got to see our positioning in the margins relative to what our competitors are doing."
Soumen Ray, chief financial officer, said, "We reported about 17 percent margin and the margin would be rangebound as the cost seems to be under control. We do not expect any major inflationary pressures over the next two quarters. There are new norms, which are getting implemented and as they unfold in the market, we think it would be rangebound."