Popular Vehicles Q2 FY27 Revenue Up 40% YoY
Popular Vehicles and Services Ltd reported a strong business update for Q2 and H1 FY27. Total revenue from operations grew by 40% YoY to ₹X,XXX Crore in Q2 FY27 and 46% YoY to ₹X,XXX Crore in H1 FY27. Volume sales saw significant increases, with PV (excluding luxury) up 46% and Luxury PV up 53% in Q2 FY27. The company noted that revenue growth was lower than volume growth due to GST rate reductions and vehicle price rationalization. Festive season demand was encouraging, and inventory levels remained healthy at 41 days. Debt levels increased sequentially due to inventory build-up. Service volumes also showed healthy YoY growth. The B2B e-commerce marketplace, Yanik, commenced full-scale operations, and new service centers were opened. The company also received several awards for customer satisfaction and performance.
Key Highlights
- Total revenue grew 40% YoY in Q2 FY27 and 46% YoY in H1 FY27.
- New vehicle volume sales increased significantly across segments.
- GST rate reductions impacted revenue growth relative to volume.
- B2B e-commerce marketplace Yanik launched full-scale operations.
- Company received multiple awards for customer satisfaction.
Price Impact
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