Mahindra & Mahindra posts 24% rise in internet revenue as market share expands in auto and farm segments
Consolidated income expanded 22% to ₹45,529 crore, reflecting broad-based progress throughout core and group firms.
The corporate’s auto phase continued to achieve momentum, with SUV volumes rising 22% and income market share touching 27.3%, up 5.7 proportion factors year-on-year. It additionally retained its management within the gentle business automobile (LCV) phase below 3.5 tonnes.
Within the farm tools house, M&M expanded its tractor market share to 45.2%—the best ever for 1 / 4—on the again of a ten% progress in gross sales quantity.
“This was a robust quarter for money technology. Regardless of infusing near Rs2,500 crores into two subsidiaries by way of rights points, our money steadiness grew quarter-over-quarter,” Anish Shah, group CEO and managing director mentioned in a quarterly earnings name with reporters.
In Q1FY26, the standalone entity contributed 74.5% to consolidated internet gross sales and 84.5% to consolidated internet revenue, up by 2.1 and 4.9 proportion factors respectively, underlying a stronger relative efficiency by the standalone enterprise in comparison with the general group”Our auto and farm companies are firing on all cylinders,” mentioned Rajesh Jejurikar, Govt Director & CEO – Auto and Farm Sector. “We have seen vital market share positive aspects in SUVs and tractors whereas persevering with to ship sturdy progress throughout classes.”He mentioned that the core tractor enterprise for each home and exports, excluding farm equipment and energy, achieved a PBIT margin of 20%.
Past its core verticals, M&M’s subsidiaries additionally contributed meaningfully. Mahindra Finance grew its property below administration by 15%, whereas Tech Mahindra reported an enchancment in working efficiency. Mahindra Lifespaces, Membership Mahindra, and Mahindra Logistics additionally registered wholesome traction, reinforcing the corporate’s diversified progress engine.
With sustained management in key product segments, new launches within the pipeline, and a concentrate on operational self-discipline, M&M stays well-positioned to construct on its momentum by the remainder of FY26, the corporate mentioned.
“Rural sentiment is stronger, significantly within the tractor enterprise, whereas city sentiment stays weak. Nevertheless, fundamentals are strong, and with anticipated charge cuts and improved liquidity, we anticipate city sentiment to get better,” mentioned Shah.
Jejurikar mentioned M&M plans new institutions in markets like Australia and South Africa and has a robust gross sales optimism for the festive season. “The auto launch pipeline stays sturdy, with new variants and fashions deliberate for FY26 and FY27,” he mentioned.
