TVS Motor earnings calls.

TVS Motor delivered its highest-ever Q1 FY27 results with 28% volume growthCurrent reported value: 28% volume growth. No comparable prior figure is available in the source record. to 1.63 million units and 38% revenue growthCurrent reported value: 38% revenue growth. No comparable prior figure is available in the source record. to ₹13,896 crore, driven by strong domestic ICE growth (21% vs 13% industry), 86% EV surgeCurrent reported value: 86% EV surge. No comparable prior figure is available in the source record. to 130,000 units, and 33% export growthCurrent reported value: 33% export growth. No comparable prior figure is available in the source record. to 468,000 units. EBITDA margin expanded 30bps to 12.8% despite 3.5% commodity cost inflationCurrent reported value: 3.5% commodity cost inflation. No comparable prior figure is available in the source record. in Q1 (with another 5% expected in Q2), mitigated by price increases (~1.5% in Q1, ~0.5% in Q2), product mix benefits, and scale. PAT grew 51Current reported value: 51. No comparable prior figure is available in the source record.% to ₹1,174 crore including ₹150 crore fair valuation gain vs ₹28 crore last year. International business hit record highs across Africa, Asia, and LatAm, with HLX crossing 5 million cumulative units (last 1 million achieved in just 1 year). EV penetration reached 10.6% in JuneCurrent reported value: 10.6% in June. No comparable prior figure is available in the source record. alone, with iQ crossing 1 million cumulative sales. Norton motorcycles launched production with 4 premium models targeting UK, Europe, US, and India. Management guided Q2 to continue similar or better momentum with double-digit industry growth, and announced ₹3,500 crore capex for capacity expansion to 8.3 million units. Key risk: commodity volatility from West Asia tensions and competitor discounting in scooters while TVS maintains premium positioning with <30 daysCurrent <30 days. Reported change: Stable YoY. dealer inventory.