Bajaj Auto Q3 results: Profit beats estimates, aided by higher exports

Exports - accounting for 43% of volumes - rose 7%, which helped offset the slowdown in the domestic segment. Domestic sales fell 13%, largely on account of the sharp 16%

Two-wheeler major Bajaj Auto put up a better-than-expected performance in the December quarter, driven by an uptick in exports, favourable exchange rates, and better product mix.
 
Exports — accounting for 43 per cent of volumes — rose 7 per cent, which helped offset the slowdown in the domestic segment. Domestic sales fell 13 per cent, largely on account of the sharp 16 per cent drop in motorcycle sales.
 
The firm expects to maintain the pace of sales growth in the exports segment. Exports in the quarter were driven by the motorcycle segment, with strong demand from Nigeria and