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Landmark Cars Shares Surge 12% Following Strong Q2 Business Update

CNBC TV18•14-10-2026, 15:20

•Landmark Cars Ltd. shares jumped nearly 12% to an intraday high of ₹509 following a robust Q2 business update before cooling off to trade 3.1% higher at ₹469.
•Total revenue for the September quarter increased by 17.3% to ₹1,943 crore, while vehicle sales rose 18.5% to ₹1,662 crore compared to the previous year.
•The company reported its highest-ever quarterly and half-yearly total revenue from operations on a proforma basis, driven by outlet ramp-ups and stabilization.
•Landmark Cars expressed strong optimism for the festive season and expects to enter the second half of financial year 2027 on a solid foundation.
•Partner original equipment manufacturers are driving new launches in premium, luxury, and EV segments, including the Kia Sorento, MG Hector Tomahawk, and BYD Sealion 7 Dynamic.

Landmark Cars shares gained nearly 12% after the company reported a strong business update for the second quarter.

The company's total revenue increased by 17.3% to reach ₹1,943 crore in the September quarter compared to ₹1,657 crore in the previous year.

Looking ahead, the next quarter will feature key vehicle launches such as the India-made Mercedes-Benz GLC EV and BYD's luxury brand.