Landmark Cars reports record quarter, driven by strong demand and expansions

Landmark Cars Limited reported a strong consolidated total revenue from operations of INR 1,655 crore for Q2FY26, representing a 30.52% year-over-year increase. This marks the fastest quarterly growth since the company's listing, driven by outlet additions and robust demand during the Navratra period. Vehicle sales, including agency and pre-owned, contributed significantly with INR 1,403 crore, up 35.03% year-over-year, while after-sales service and spare parts revenue grew 10.04% to INR 252 crore.

The company's performance was notable despite purchases being postponed due to the government's announcement of a GST rate reduction on ICE cars, effective from September 22, 2025. This reduction is anticipated to further stimulate demand. Landmark Cars operationalized two KIA workshops in Hyderabad and started Mercedes-Benz operations in Patna in July 2025, with a Kolkata MG Select outlet opened in October 2025.

In after-sales, the company posted its highest-ever quarterly revenue, with new workshops contributing to volumes. Further expansion is planned with new Mahindra and Mahindra sales outlets and small KIA sales outlets in Hyderabad and Kolkata, all expected to be operational in November.