LANDMARK Q3 FY26 Guidance vs Delivery (LANDMARK Management Mirror)

Operational & Financial Outlook

Pipeline & Demand: Management expects Q4 performance to be supported by a robust pipeline of new launches (Mercedes-Benz V-Class/CLA, VW Tayron, Renault Duster) and ramping deliveries of recent models (Mahindra 7XO, Kia Seltos). Demand sentiment remains positive.

*Consistency:* Reaffirms the optimistic stance from the Sep'25 Qtr, which cited demand momentum from GST reductions and wedding season. The "fast lane" growth narrative for premium vehicles remains consistent across all three quarters.

Profitability Focus: The company continues to prioritize cash generation and operational discipline.

*Comparison:* In Sep'25, management guided for gross profit percentages to increase by >100bps for the balance of the year and for profitability to return to track after a Q2 dip. The Dec'25 outlook focuses more broadly on "better numbers going forward" rather than specific basis point improvements.