Landmark Cars Share Price Locked in 20% Upper Circuit After Company Reports Highest-Ever Q1 Sales; Revenue Rises 22% YoY to Rs 1,733 Crore
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Landmark Cars reported 24.15 per cent YoY growth in vehicle sales to Rs 1,465 crore, while after-sales service, spare parts and other revenue increased 14.04 per cent to Rs 268 crore in Q1 FY27
✨ Key Takeaways
On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.69 per cent or 166.60 points to 24,044.40. Despite the broader market weakness, Landmark Cars share price locked in a 20 per cent Upper Circuit to Rs 507, after the company announced its business update for the quarter ended June 30, 2026.
Trading volume stood at 91.8 lakh shares, significantly higher than the 30-day average volume of around 4.78 lakh shares, indicating increased trading activity in the stock.
Landmark Cars Reports Highest-Ever First-Quarter Sales
Landmark Cars reported its highest-ever first-quarter sales in Q1 FY27, supported by growth across both Vehicle Sales and After-sales segments. The company disclosed its quarterly business update to BSE and NSE on July 14, 2026.
The company's consolidated proforma revenue from operations, including agency sales, increased 22.47 per cent YoY to Rs 1,733 crore in Q1 FY27 from Rs 1,415 crore in Q1 FY26.
Under the Mercedes-Benz agency model, customers place orders directly with Mercedes-Benz India, while Landmark Cars and its subsidiary earn a commission on each sale of Mercedes-Benz cars. The reported proforma revenue includes car sales under this agency model.
Vehicle Sales Rise 24 Per Cent YoY
Vehicle sales, including agency sales and pre-owned vehicle sales, increased 24.15 per cent YoY to Rs 1,465 crore in Q1 FY27 from Rs 1,180 crore in the corresponding quarter last year.
Meanwhile, revenue from after-sales service, spare parts and other operations grew 14.04 per cent YoY to Rs 268 crore from Rs 235 crore in Q1 FY26.
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New Model Deliveries Commence In June Quarter
During the June quarter, Landmark Cars commenced deliveries of several key models, including the Mercedes-Benz CLA, MG Majestor and the new Renault Duster.
The company stated that new models from Mercedes-Benz, BYD, MG, Mahindra & Mahindra, Honda and Kia are expected to be launched in the upcoming quarters. These launches are expected to support sales momentum in the coming months. The supply of BYD cars also improved during the June quarter, with the company expecting further improvement in the current quarter.
After-Sales Business Records Solid Performance
Landmark Cars' after-sales business delivered a solid performance during the quarter, supported by the ramp-up and stabilisation of newly opened workshops.
The company is expanding workshop capacity across several brands to cater to increasing demand in select geographies.
About Landmark Cars
Landmark Cars Limited is an automotive retail company engaged in the sale of new and pre-owned vehicles and after-sales services, including vehicle servicing and spare parts.
The company's automotive operations span multiple brands, including Mercedes-Benz, BYD, MG, Mahindra & Mahindra, Honda, Kia and Renault.
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Disclaimer: The article is for informational purposes only and not investment advice.