Landmark Cars Accelerates Growth With Q1 Revenue Surge And MG Select Expansion

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Landmark Cars Ltd has reported a robust start to FY26, posting Rs 14.15 billion in total revenue from operations for Q1—marking a 21.56 percent year-on-year growth. The company also confirmed that operations for MG Select will commence shortly in Ahmedabad and Kolkata, reinforcing its push into the accessible luxury segment.

Q1 Performance Highlights

- Consolidated revenue rose to Rs 1,415 crore, driven by strong new vehicle sales and aftermarket services
- Operating profit grew 65 percent year-on-year to Rs 27 crore, with EBITDA margins improving to 5.6 percent
- Net profit stood at Rs 1.74 crore, impacted by higher depreciation and interest costs from new outlet ramp-ups
- Landmark continues to maintain leadership in premium auto retail, with 135 outlets across 31 cities

MG Select Expansion

- Landmark received a Letter of Intent from JSW MG Motor India to launch MG Select dealerships in Ahmedabad and Kolkata
- MG Select will retail premium electric vehicles like the MG Cyberster and MG M9 EV, with sales expected to begin by August 2025
- The new dealerships will be operated by Aeromark Cars, Landmark’s wholly owned subsidiary
- This move aligns with Landmark’s dual strategy of horizontal OEM partnerships and deeper geographic penetration

Strategic Outlook

Landmark Cars is shifting focus from aggressive expansion to operational optimisation, aiming to improve profitability across its network. The MG Select rollout is expected to enhance its luxury portfolio and consolidate its market presence in key territories.

Sources: Business Standard, Angel One, CarWale, Trendlyne, Screener.in, ICICI Direct Research.