Landmark Cars Ltd. · NSE:LANDMARK
Landmark Cars — Q2 FY26 Earnings Presentation
34 slides from Landmark Cars's earnings presentation, Nov 11, 2025
Slide 1: Exchange filing cover letter
Date: November 11, 2025 To, To, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai- 400001 Scrip Code: 543714 Symbol: LANDMARK Sub.: Investor Presentation for the quarter and half year
Slide 2: Landmark Cars Limited Investor Presentation November 2025
Landmark Cars Limited Landmark Cars Limited Investor Presentation Investor Presentation November 2025 November 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Landmark Cars Limited (the “Company ”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Introduction of GST 2.0 in September 2025
The introduction of GST 2.0 in September 2025 marked a pivotal moment for the Indian automotive industry. Despite short-term challenges, this is viewed as a catalyst for the broader industry growth in the future. 3
Slide 5: 2025 Milestone Quarter - GST Transition
2025 – Milestone Quarter - GST Transition 1st Jul to 14th Aug 15th Aug to 21st Sep 22nd Sept to 30th Sep 45 days 38 days 9 days GST with cess effectively led to higher prices for GST 2.0 – slashed GST rates premium and luxury cars. This consequently, also GST Transition: Once in a Lifetime Event– el
Slide 6: Insights on The Pending Cess Issue
Insights on The Pending Cess Issue Rate Announcement– 2nd Sep How Cess worked • OEMs charged dealers the GST plus applicable cess on ex-factory price at the time of wholesale dispatch • Dealers could claim credits for the cess paid on vehicles bought from OEMs, but only against their future cess lia
Slide 7: The Impact Unfolds – Post GST 2.0
The Impact Unfolds – Post GST 2.0 6
Slide 8: Snippet of GST led Price Reset
Snippet of GST led Price Reset Kia Carnival - Renault Kiger Car Mercedes AMG G 63 M&M XUV 3XO Honda Amaze Limousine Plus Emotion Customer Benefit Rs. 25.6 L Rs. 1.5 L Rs. 4.5 L Rs. 96,000 Rs.80,000 New Price Rs. 3.6 Cr Rs. 13.4 L Rs. 59.4 L Rs. 10.3 L Rs. 7.15 L Select variants for illustrative purp
Slide 9: Performance Highlights
Landmark Cars Limited Performance Highlights Investor Presentation Speed, Scale and Control November 2025
Slide 10: Landmark Cars - Redefining Automotive Retail in India
Landmark Cars - Redefining Automotive Retail in India #1 #1 27th Year Partner Partner of Leadership Driven by You & Your Faith in Us Honda Mercedes-Benz 26 Outlets 24 Outlets 5.8% Share# 16.5% Share# 27 Years of Association 17 Years of Association 1998 Founding year #1 #2 Partner Partner Jeep & Citr
Slide 11: Turnaround in Cash Flow Generation
Turnaround in Cash Flow Generation Pr ofor m a Reven ue (Rs.in Mn) Net Cash fr om Oper atin g Activities (Rs.in Mn ) 56,261 45,950 46,554 33,691 30,723 H1FY26 outpaced the FY25 levels 19,561 1,769 1,520 764 710 428 408 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 Business model th
Slide 12: Future Proofing Brand Portfolio with New Brands Addition
Future Proofing Brand Portfolio with New Brands Addition New Car Sales Contribution to After Sales Revenue Total Contribution Contribution to Proforma Revenue 6% 2% 8% 7% 4% 16% 6% 4% 3% 6% 10% 3% 9% 13% H1FY26 H1FY26 10% H1FY26 11% 40% Honda 4% 39% MB 4% 5% 1% 11% 38% 2% AL 7% 8% 10% 4% VW 9% Renau
Slide 13: Q2FY26 At A Glance
Q2FY26 At A Glance – Volume Push led to Highest Quarterly YoY Growth Proforma Revenue Reported Revenue Gross Profit Reported EBITDA Rs. 16,572 Mn Rs. 12,109 Mn Rs. 1,958 Mn Rs. 592 Mn +30.7% YoY +33.5% YoY +17.0% YoY +8.0% YoY Profit Before Tax Profit After Tax Reported PAT (Pre Ind AS) Cash PAT Rs.
Slide 14: H1FY26 At A Glance
H1FY26 At A Glance – Best Half Yearly Performance On Revenue & EBITDA Proforma Revenue Reported Revenue Gross Profit Reported EBITDA Rs. 30,723 Mn Rs. 22,726 Mn Rs. 3,802 Mn Rs. 1,253 Mn +26.4% YoY +30.7% YoY +15.9% YoY +19.9% YoY Profit Before Tax Profit After Tax Reported PAT Cash PAT (Pre Ind AS)
Slide 15: Consolidated Profit And Loss Account
Consolidated Profit And Loss Account Profit and Loss (INR Mn) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY • Highest ever half yearly performance on the basis of Proforma Proforma Revenue from Revenue from operations. 16,572 12,676 30.73% 14,152 17.10% 30,723 24,316 26.35% operations • The company
Slide 16: Landmark Leads the Industry in Inventory Discipline
Landmark Leads the Industry in Inventory Discipline Landmark Inventory Days Industry Inventory Days 90 85 75 67 60 60 55 60 55 45 45 41 41 42 38 35 30 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Strong competitive edge: Prudent inventory management leading to a lean inventory days. Source : FADA 15
Slide 17: Reconciliation for Adjusted Profit – Q2FY26
Reconciliation for Adjusted Profit – Q2FY26 Q2FY26 Q2FY26 Q2FY25 Q2FY25 YoY (%) YoY (%) Particulars (Rs. in Mn) Effect of Ind AS Effect of Ind AS (Adjusted) (Reported) (Adjusted) (Reported) (Adjusted) (Reported) Revenue from operations 12,109.17 0.00 12,109.17 9,072.69 0.00 9,072.69 33.5% 33.5% Othe
Slide 18: Reconciliation for Adjusted Profit – H1FY26
Reconciliation for Adjusted Profit – H1FY26 H1FY26 H1FY26 H1FY25 H1FY25 YoY (%) YoY (%) Particulars (Rs. in Mn) Effect of Ind AS Effect of Ind AS (Adjusted) (Reported) (Adjusted) (Reported) (Adjusted) (Reported) Revenue from operations 22,726.37 0.00 22,726.37 17,392.48 0.00 17,392.48 30.7% 30.7% Ot
Slide 19: Performance of Existing vs New Outlets
Performance of Existing vs New Outlets Q2FY26 Q1FY26 Particulars (Rs. Mn) Existing New Existing New Total Total Outlets Outlets* Outlets Outlets* Proforma • Newly opened outlets take ~4 quarters to reach their full 15,369 1,203 16,572 12,657 1,495 14,152 potential. revenue • New outlets continue to
Slide 20: Vertical Wise Performance Highlights – Q2FY26
Vertical Wise Performance Highlights – Q2FY26 Rs in. Mn Avg. Sellin g Pr ice for New Pr ofor m a Reven ues Repor ted Reven ues New Veh icle Sales EBITDA Veh icle Sold (R s. In l ak h ) 14,031 Highest ever 11,805 New 10,391 vehicle 9,568 23.16 8,270 20.97 20.20 sales & 6,787 Allied Businesses 189 95
Slide 21: Vertical Wise Performance Highlights – H1FY26
Vertical Wise Performance Highlights – H1FY26 Rs in. Mn Avg. Sellin g Pr ice for New Pr ofor m a Reven ues Repor ted Revenues New Veh icle Sales EBITDA Veh icle Sold (R s. In l ak h ) 25,835 19,860 New 17,839 vehicle 22.11 12,937 20.80 sales & Allied Businesses 324 227 H1FY25 H1FY26 H1FY25 H1FY26 H1
Slide 22: After Sales Business
After Sales Business: High Growth, High Margin, High EBIDTA, High ROCE & Non-cyclical 20% of the total workshops are new Rs. in Mn which were opened in last 18 14.1% ~41.1% ~18.2% 24.34% Revenue CAGR Gross Margin EBITDA months. RoCE FY25 Last 10 years (FY25) (FY25) These are yet to reach the benchma
Slide 23: Consolidated Performance Metrics – Q2FY26
Consolidated Performance Metrics – Q2FY26 Rs in. Mn *Pr ofor m a Reven ues Repor ted Revenues Gr oss Pr ofit 16,572 17.4% 18.4% 16.2% 14,152 12,109 12,676 10,617 9,073 1,844 1,958 1,673 Q1FY26 Q2FY25 Q2FY26 Q1FY26 Q2FY25 Q2FY26 Q1FY26 Q2FY25 Q2FY26 EBITDA Cash Pr ofit after Pr ofit after Tax (After
Slide 24: Consolidated Performance Metrics – H1FY26
Consolidated Performance Metrics – H1FY26 Rs in. Mn *Pr ofor m a Reven ues Repor ted Revenues Gr oss Pr ofit 30,723 18.9% 16.8% 24,316 22,726 17,392 3,802 3,280 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 Repor ted EBITDA Pr ofit Befor e Tax Cash Pr ofit After Tax # 6.0% 5.5% 0.3% 0.5% 2.1% 1.7% 1,253
Slide 25: Significant Growth Potential
Significant Growth Potential • The Indian auto market is at the same inflection point where the Chinese auto market was at turn of the century, especially in its premium & 2014 % volume of % volume of Industry Plyer 2024 Volumes CAGR luxury car journey. Volume overall PV sales overall PV sales • Wit
Slide 26: New Outlets in Q2FY26
New Outlets in Q2FY26 Mercedes-Benz Showroom, Patna Kia Showroom , Kolkata Mercedes-Benz Workshop, Patna MG Select Showroom, Kolkata 25
Slide 27: Upcoming Model Launches
Upcoming Model Launches Honda Zero Alpha Renault Duster M&M XEV 9s Honda Prelude 10 New Honda Cars including 7 SUVs to be launched by 2030 Focus on bringing more Hybrids and EVs to India Honda aims for 5x growth in 5 years and 10x growth in 10 years, outlining an ambitious MG Majestor long-term expa
Slide 28: Company Overview
Landmark Cars Limited Company Overview Investor Presentation November 2025
Slide 29: Company Structure
Company Structure Landmark Cars Limited Landmark Landmark Landmark Benchmark Landmark Landmark Watermark Motorone Aeromark Landmark Landmark Automark Premium Automobiles Cars (East) Motors Lifestyle Cars Commercial Cars Private India Private Cars Private Mobility Luxury Retail Motors Ltd. Cars Priva
Slide 30: Typical Plan for New Auto Retail Outlet (Sales & Service)
Typical Plan for New Auto Retail Outlet (Sales & Service) BEP OpEx Cycle Revenue Cycle CapEx Cycle N-4 Months N-3 Months Nth Month N+3 Months N+6 Months N+9 Months Site Selection Business Infrastructure Operations Operations & Fit-Out Operations Profitability Readiness Scale-up Stabilizing Period St
Slide 31: Senior Management Team (1/2)
Senior Management Team (1/2) • Founded the Group Landmark in 1998 • Holds a master’s degree in Marketing and Strategy from the • Having accumulated extensive experience in the automobile University of Warwick industry for over two decades he has established a reputable • Joined Group Landmark in 201
Slide 32: Senior Management Team (2/2)
Senior Management Team (2/2) • Holds a master’s degree in International Business from the Indian • Holds a bachelor’s degree in Science from Maharaja Sayajirao Institute of Foreign Trade University of Baroda • He has been associated with the Company since 2016 and brings • He brings a strong academi
Slide 33: Recent Awards and Accolades
Recent Awards and Accolades Volkswagen Awards • Volkswagen Vadodara - Highest Market Share Taigun Segment H1 2025 • Volkswagen Vadodara - Progessive Performance - Highest Market Share Taigun Segment H1 2025 • Volkswagen Ahmedabad -Best Customer Centricity H1 25 • Automark Group - Best Performance in
Slide 34: Thank You
Thank You Landmark Cars Ltd. CIN: L50100GJ2006PLC058553 Amol Raje Company Secretary Email id: companysecretary@landmarkindia.net Investor Relations Advisors Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Devika Shah/ Shikha Puri devika.shah@sgapl.net / shikha.puri@sgapl.net Tel No: +9