Smallcap stock jumps 3% after receiving approval from BYD to open showroom in Pune

Synopsis:
This auto dealer company had its shares in focus following the announcement of the company entering into Pune through the BYD showroom and workshop, expanding their partnership. 

The shares of this company, which is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, Renault, and more, had its shares in the spotlight today following the company expanding their partnership with BYD in Pune. 

With a market cap of Rs 2,117 crore, the shares of Landmark Cars Ltd have gained around 3%, reaching a high of Rs 535.20 compared to its previous day closing at Rs 519.70, and are trading at a PE of 102, whereas their industry PE is 60

About the Expansion

Landmark Cars’ latest expansion reflects its growing strength in India’s premium and electric vehicle retail market. The company has received approval from BYD India to establish a new showroom and workshop in Pune, which will be set up through its wholly owned subsidiary, Watermark Cars. Pune is one of India’s most promising markets for premium, luxury and EV segments, making this entry strategically important. The addition of this outlet further strengthens Landmark’s position as BYD’s largest retail and service partner in the country, where it already operates seven BYD outlets.

The announcement comes at a time when BYD is witnessing a significant 80% surge in sales in India, driven by the strong customer response to models like the ATTO 3, SEALION 7 and eMAX 7. According to the company, this partnership expansion reflects how Landmark continues to position itself as a preferred partner for global automotive OEMs. BYD’s rapid growth in India’s premium EV category aligns well with Landmark’s focus on high-potential automotive segments, enhancing the value of this collaboration.

With this expansion, Landmark Cars not only strengthens its BYD partnership but also widens its footprint in a city known for strong demand in the premium auto market. The company already covers the full automotive retail value chain—new vehicle sales, after-sales service, repairs, pre-owned vehicles and third-party financial and insurance products. Each new location adds multiple revenue opportunities across these verticals, and this strategic move reinforces Landmark’s long-term growth outlook in the evolving EV and premium automotive space.

Financials and others

The revenue from operations is at Rs 1,211 crore in Q2 FY26 versus Rs 907 crore in Q2 FY25, which is an increase of about 34 per cent YoY. Similarly, the net profit also increased from Rs 34 lakh in Q2 FY25 to Rs 1.51 crore in Q2 FY26, which is an increase of about 344% YoY.

Landmark Cars positions itself as one of India’s most influential and trusted automotive retailers, backed by a 27-year journey since its founding in 1998. With a presence spanning 75 showrooms, 64 workshops, and 139 outlets across 12 states and 29 cities, the company has built a strong pan-India footprint and a customer base of nearly five lakh. What really stands out is its deep, long-term partnerships with leading global and Indian brands like Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Mahindra, KIA, Renault and Ashok Leyland, many of which rank Landmark as their No. 1 or top partner in India. 

Supported by a team of over 5,000 employees, Landmark blends scale with service, presenting itself not just as a multi-brand retailer but as a professionally managed premium automotive ecosystem that has grown through trust, consistency, and customer experience.

Group Landmark presents itself as a longstanding leader in India’s premium and luxury automotive retail space, highlighting a journey that began in 1998 and has grown into a network of 150 advanced facilities across 32 cities in 12 states and union territories. The message blends scale with emotion, emphasizing that customers’ passion meets the company’s commitment to excellence, which is central to luxury vehicle buying. Overall, it positions Group Landmark not just as a dealer network but as an experience-driven brand focused on delivering premium, reliable, and personalized automotive services. 

Written by Leon Mendonca

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