Highlights

• Bosch Limited reported 13.3 percent quarterly revenue growth during Q4 FY26.
• Profit after tax increased 37.6 percent during FY26 compared with FY25.
• Commercial vehicle joint venture targets e-enabled air systems segment expansion.

Bosch Limited (NSE:BOSCHLTD) reported revenue from operations of INR 55,657 million during Q4 FY26, compared with INR 49,106 million in the corresponding quarter last year, reflecting growth of 13.3 percent. EBITDA increased to INR 7,815 million from INR 6,469 million during the same period.

Profit after tax stood at INR 5,684 million in Q4 FY26, compared with INR 5,537 million in Q4 FY25. The company attributed the increase to improved EBITDA and profit from the sale of its video solutions, access and intrusion, and communication systems business.

For FY26, revenue from operations reached INR 200,347 million against INR 180,874 million in FY25, representing growth of 10.8 percent. EBITDA rose to INR 27,702 million from INR 20,133 million, while profit after tax increased to INR 26,503 million from INR 23,097 million.

Source: Company Filing

Mobility Business Drives Sector-Wise Growth

The company stated that mobility business revenue increased 23.3 percent during Q4 FY26. Growth was driven by power solutions, which rose 27.4 percent, and the two-wheeler segment, which expanded 63.4 percent.

Consumer goods revenue increased 14.3 percent during the quarter.

For FY26, mobility business revenue grew 16.9 percent, supported by a 17.6 percent increase in power solutions, 3.7 percent growth in mobility aftermarket business, and 69.1 percent expansion in the two-wheeler segment.

Automotive Production Trends Remain Supportive

According to the presentation, the Indian automotive sector closed Q4 FY26 with support from rural demand, GST-related measures, year-end demand trends, and consumer sentiment.

Total automotive production volumes reached 7.081 million units during FY26, up 20 percent year-on-year in Q4 and 11 percent for the full fiscal year. Passenger car production reached 5.611 million units during FY26, while heavy commercial vehicle volumes stood at 476,000 units.

The company’s FY27 outlook estimates total industry production between 27.92 million and 28.27 million units under the higher range scenario.

Joint Venture Targets Commercial Vehicle Systems

Bosch Limited, along with Brakes India Private Limited and Wheels India Limited, announced a 50:50 joint venture focused on commercial vehicle air systems.

The proposed venture is expected to begin operations by the end of 2026 and will focus on products including electronic air processing modules, high-voltage air compressors, electronic air suspension axle modules, and electronic air parking brake modules. The partnership will target trucks and buses across internal combustion engine and battery electric vehicle segments.

Operational Updates Across Segments

The company said it crossed INR 130 billion total net sales during calendar year 2025 and over INR 14 billion during March 2026. Bosch Limited also stated that it is aligning customers for potential CAFÉ Phase 3 regulations expected from April 2027 and commercial vehicle ADAS regulations expected from January 2027 for new models.

Within the power tools segment, the company reported receiving BIS certification for products including angle grinders, drills, and hammers. It also launched a locally sourced magnetic drill product. In the mobility aftermarket business, exports increased about 17 percent with growth in Nepal, Bangladesh, and Sri Lanka markets.

Source: Company Filing

Key Risks

• Global supply chain disruptions may affect production schedules and component availability.
• Regulatory changes could increase compliance and technology adaptation costs.
• Demand slowdown in automotive markets may impact mobility business revenue.
• Commercial vehicle joint venture execution risks may affect operational timelines.

Summary

Bosch Limited (NSE:BOSCHLTD) reported higher revenue, EBITDA, and profit after tax during Q4 FY26 and the full fiscal year. Growth was led by mobility solutions, power solutions, and two-wheeler segments. The company also announced a commercial vehicle-focused joint venture with Brakes India and Wheels India. Industry production outlook for FY27 indicates moderate volume growth across automotive categories.

FAQs

Q: What was Bosch Limited’s revenue growth during Q4 FY26?
A: Bosch Limited reported 13.3 percent growth in revenue from operations during Q4 FY26 compared with last year.

Q: Which business segments supported Bosch Limited’s FY26 growth?
A: Power solutions, mobility aftermarket operations, and two-wheeler business segments contributed to FY26 revenue expansion.

Q: What is the purpose of Bosch Limited’s new joint venture?
A: The joint venture will develop electronic air systems for commercial vehicles including trucks and buses.