Two-wheeler maker Bajaj Auto's profit is likely to increase 9.3 percent year-on-year to Rs 1,020.6 crore but revenue may be flat at Rs 6,103 crore against Rs 6,097.8 crore due to tepid volume growth.
Analysts expect another lacklustre quarter from Bajaj Auto that recorded a 2.3 percent degrowth in sales volume. It sold 10.3 lakh units in Q2FY17 against 10.56 lakh units sold in Q2FY16, hit by big fall in export markets like Nigeria and Egypt.
The company underperformed its peers Hero Motocorp and TVS Motor that showed 16 percent and 20 percent growth in Q2 sales volumes, respectively.
Its market share in domestic motorcycle segment remained stable at 20 percent.
