BAJAJCON Q4 FY26 Guidance vs Delivery (BAJAJCON Management Mirror)

Margin Outlook

Management targets maintaining an EBITDA margin range in the low to mid-20s over the medium term. During the Sep'25 Qtr concall, the company expected near-term stability before moving toward category-level margins in the 20s, with the Dec'25 Qtr noting this expansion would occur gradually; by the Mar'26 Qtr, management confirmed it had reached this desired margin zone and expressed confidence in sustaining it despite emerging cost pressures. [Status: Reaffirmed]