Bosch Limited’s Q2 FY25-26 investors’ call highlighted a resilient Indian economy amid global challenges. The automotive sector saw steady growth, particularly in SUVs and EVs. Q2 revenue grew by 9.1%. Key growth drivers included the power solutions and two-wheeler segments. The company anticipates strong momentum in the mobility aftermarket and is focusing on expanding its product portfolio and electrification initiatives.
Automotive Market Update
The Indian auto industry experienced steady growth across segments in Q2 FY25-26. Healthy demand was noted for passenger vehicles, especially SUVs and EVs, coupled with strong rural interest in two-wheelers and consistent commercial vehicle sales. The September GST reforms significantly boosted affordability and pre-festive buying.
Financial Performance
Revenue from operations grew by 9.1% in Q2 FY25-26 compared to the same period last year, reaching ₹47,948 million. This growth was primarily driven by higher sales in power solutions and two-wheeler power sports segments. EBITDA increased by 10.1% compared to the previous year’s quarter, driven by a favorable product mix and optimized expenses.
For the period of April-September 2025, revenue grew by 10%, from ₹87,111 million to ₹95,834 million. EBITDA grew by 16.3%, reaching ₹12,564 million, attributed to revenue growth and lower material costs. Profit after tax grew by 3.4% compared to the same quarter last year.
Business Division Highlights
The mobility business grew by 11.9% in Q2 FY25-26, mainly from the power solutions sector. The two-wheeler business experienced substantial growth of 81.8% due to the implementation of OBD-2 norms. The consumer goods business grew marginally by 1.8%.
Strategic Outlook and Initiatives
Bosch is focusing on expanding its product portfolio to align with market demands and is actively pursuing strategic cordless 2.0 initiatives to accelerate the adoption of advanced cordless technology. The company is also focusing on growing electrification, which remains a tough entry business with margin pressures that the company aims to mitigate.
Source: BSE
