Popular Vehicles Q1 FY27: Revenue Up 53% YoY, Volume Sales Up 91%

Popular Vehicles and Services Ltd reported a significant business update for Q1 FY27, showcasing strong year-on-year growth. Total Revenue from Operations surged by 53% YoY, driven by a 91% increase in New Vehicle Volume Sales. The company highlighted broad-based growth across segments, including Passenger Vehicles (PV) excluding luxury (up 72% YoY) and Luxury PV (up 42% YoY). Commercial Vehicles (CV) saw a 37% YoY increase, and EV, Spare parts distribution grew by 39% YoY. This performance is attributed to improved customer sentiment, GST reforms, and disciplined inventory management, with inventory days reducing to ~33 from ~50 YoY. Debt levels increased due to acquisitions and network expansion. The company also launched its e-commerce platform Yanik and expanded its network with new service centers and sales outlets.