Mumbai: Landmark Cars Ltd. shares soared as much as 17% in intraday trade on Tuesday after the premium automobile retailer reported a robust business update for the first quarter of the financial year 2026-27 (Q1FY27). Investors cheered the company’s record first-quarter sales, supported by strong growth across vehicle sales, pre-owned vehicles and after-sales operations.

The stock climbed as high as Rs 496.90 on the BSE, marking an intraday gain of 17.47%. At around 1:45 pm, the stock was trading at Rs 489.55, up 15.73%, even as the broader BSE Sensex traded nearly 0.66% lower.

The sharp rally reflects investor confidence in the company’s operational performance and its outlook, backed by new vehicle launches, improving supply conditions and expansion of service infrastructure.

Record quarterly sales drive investor confidence

Landmark Cars reported its highest-ever first-quarter sales during Q1FY27, highlighting continued demand across its dealership network.

The company’s total revenue from operations, including agency sales, increased 22.5% year-on-year to Rs 1,733 crore, compared with Rs 1,415 crore in the corresponding quarter of the previous financial year.

Vehicle sales, including agency sales and pre-owned vehicles, rose 24.2% year-on-year to Rs 1,465 crore, up from Rs 1,180 crore during the same period last year.

In its exchange filing, the company said the strong performance was driven by healthy growth across both its vehicle sales business and after-sales segment.

The June quarter is generally viewed as an important indicator of demand trends in the passenger vehicle market. Landmark Cars’ performance suggests that premium vehicle demand has remained resilient despite broader macroeconomic uncertainties.

After-sales business continues to strengthen

Apart from vehicle sales, Landmark Cars also reported healthy growth in its after-sales business.

Revenue from after-sales services, spare parts and related operations rose 14% year-on-year to Rs 268 crore, compared with Rs 235 crore in Q1FY26.

The company attributed the improvement to the stabilisation of newly opened workshops and increased servicing volumes across its dealership network.

Industry experts often consider the after-sales business a key profitability driver for automobile dealerships, as it provides recurring revenue and relatively stable margins compared with new vehicle sales.

Landmark Cars has continued investing in expanding its workshop network to support rising customer demand and strengthen long-term earnings visibility.

New vehicle launches support sales momentum

The company also benefited from deliveries of several new vehicle models during the June quarter.

Among the important launches were:

  • Mercedes-Benz CLA
  • MG Majestor
  • New Renault Duster

These launches helped boost customer footfall and contributed to stronger retail volumes across multiple brands.

Looking ahead, Landmark Cars expects several additional launches from leading automobile manufacturers over the coming quarters, including:

  • Mercedes-Benz
  • BYD
  • MG
  • Mahindra & Mahindra
  • Honda
  • Kia

The company believes the steady pipeline of new products will continue supporting demand and help sustain sales momentum through the remainder of FY27.

BYD supply improves

Another positive development during the quarter was the improvement in vehicle supplies from Chinese electric vehicle manufacturer BYD.

The company said supply constraints eased during Q1FY27 and expects further improvement during the current quarter.

Better vehicle availability could help Landmark Cars capitalise on growing consumer interest in premium electric vehicles, a segment witnessing increasing demand in India.

The company is also expanding workshop capacity across multiple brands to cater to higher service volumes and improve customer experience.

Stock recovers after recent weakness

Tuesday’s rally helped Landmark Cars recover a significant portion of its recent losses.

The stock touched an intraday high of Rs 496.90, compared with its 52-week high of Rs 674.70 and 52-week low of Rs 340.15.

Despite the sharp gain, the stock continues to trade below its one-year peak, suggesting investors remain focused on the company’s ability to sustain earnings growth amid evolving industry dynamics.

Analysts remain optimistic

According to Bloomberg data, all six analysts tracking Landmark Cars currently maintain a ‘Buy’ recommendation on the stock.

The consensus target price stands at Rs 567.40, indicating analysts continue to see upside potential based on the company’s long-term growth prospects, dealership expansion and improving operational performance.

Market participants will closely monitor future vehicle launches, premium vehicle demand, electric vehicle adoption and the performance of the after-sales business as key drivers for the company’s earnings over the coming quarters.

With record first-quarter sales, expanding service infrastructure and improving supply conditions across key brands, Landmark Cars has started FY27 on a strong note, helping the stock emerge as one of the top gainers in Tuesday’s trading session.