Margins remain stable despite adverse mix

Company

17 Oct 2024 | 5 Min Read

Bajaj Auto's stable financial performance and valuations

2QFY25 performance in line with estimates

Stable margins despite adverse mix and raw material inflation

Weak start to festive season impacting industry growth

Outperformance of Bajaj Auto over Nifty Auto Index

Stock appears fairly valued at ~38.5x/30x FY25E/26E EPS