New Delhi, May 6 -- Mahindra & Mahindra's March quarter (Q4FY26) shows why it's one of the most consistent growth stories in India's auto sector. It beat Street expectations on revenue and profit. Better-than-expected realizations in SUVs - its primary segment, and a sharp rise in other income were the key drivers. The stock has gained over 4% since the earnings announcement on Tuesday.

Standalone revenue rose 26% year-on-year to Rs.39,550 crore, aided by continued industry-beating growth in SUVs with the segment now contributing nearly 80% of revenues. Successful launches, such as the XEV 9e and BE 6, added to the sustained demand for Scorpio, Thar Roxx, Bolero, and XUV 3XO, leading to over 660,000 SUVs sold during FY26.

M&M is India's...