Shares of Landmark Cars, a prominent luxury car dealership, experienced a significant rally today, soaring over 17% to reach Rs 496.90. This surge comes after the company announced its business updates for the June 2026 quarter, reporting its highest-ever first-quarter sales performance.
Strong Q1 Performance Drives Growth
The company attributed its robust Q1 success to solid growth across both its Vehicle Sales and After-sales segments. Revenue for the quarter climbed an impressive 22.47% year-on-year, reaching Rs 1733 crore, up from Rs 1415 crore in the same period last year. Vehicle sales alone saw a 24.15% increase, hitting Rs 1465 crore compared to Rs 1180 crore in the prior year.
New Models and Improved Supply Boost Outlook
Landmark Cars highlighted the commencement of deliveries for several key models during the June quarter, including the Mercedes-Benz CLA, MG Majestor, and the new Renault Duster. Looking ahead, the company anticipates further sales momentum from upcoming model launches by major brands such as Mercedes-Benz, BYD, MG, M&M, Honda, and KIA.
Furthermore, the supply of BYD cars, which improved in the June quarter, is expected to see continued enhancement in the current quarter, contributing positively to sales.
Market Performance Overview
Following today's rally, Landmark Cars' market capitalization rose to Rs 1970 crore in the afternoon session. The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, indicating strong short-to-medium term bullish sentiment. Despite today's gains, the stock remains 28% below its 52-week high of Rs 674.70, which was reached on October 15, 2025.