Landmark Cars Limited is a leading premium and luxury automobile retailer in India, offering new vehicle sales, after-sales services, pre-owned vehicle sales, and distribution of finance & insurance products. The company has established itself as a prominent player in the Indian automotive retail sector through strategic partnerships with renowned international brands.
The Company is authorized dealers of vehicles for Mercedes-Benz, Honda, Volkswagen, Renault, Jeep, BYD, and Ashok Leyland. It operates about 115 outlets across eight Indian states and union territories across 26 cities, making it one of the largest multi-brand automotive retailers in the country. The company's business model encompasses the entire automotive retail value chain, from new vehicle sales to comprehensive after-sales services.
Landmark Cars has built a diversified portfolio of automotive brands that cater to different market segments. The Company is the authorised dealer for Mercedes-Benz passenger cars for the states of Gujarat, Madhya Pradesh, and Mumbai. Beyond luxury vehicles, the company has expanded its presence in the commercial vehicle segment through its partnership with Ashok Leyland and has ventured into the electric vehicle space with BYD and other modern automotive brands.
Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, and MG Motors. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products.
As of recent market data, Landmark Cars Limited currently has a market capitalization of ₹2,158 crore, demonstrating the company's significant market presence. The company has shown a strong revenue growth trajectory in recent quarters.
Landmark Cars Limited reported a strong revenue performance for the quarter and year ended March 31, 2025. The company's total consolidated revenue from operations rose 17.3% year-on-year (YoY) in Q4 FY25 to ₹1,525 crore.
For the full financial year 2025, the company reported that its full fiscal year 2025 revenue grew by 20.86% to ₹5,626 crore, up from ₹4,655 crore in FY24. This growth was primarily driven by robust vehicle sales performance across various brand partnerships.
However, the company faced some challenges with profitability in Q4 FY25. Landmark Cars shares were under pressure after the company posted a massive drop in profit in the March quarter of FY25 (Q4 FY25) results. The company's profit nosedived 86.7 per cent year-on-year (Y-o-Y) to ₹1 crore in Q4 FY25, from ₹11 crore in the same quarter a year ago.
• Market Capitalization: ₹2,158 Crore (as of recent market data)
• Q4 FY25 Revenue: ₹1,525 crore (17.3% YoY rise)
• Q4 FY25 Net Profit: ₹1 crore (86.7% YoY drop)
• FY25 Annual Revenue: ₹5,626 crore (20.86% YoY growth from ₹4,655 crore in FY24)
• Vehicle Sales Growth (Q4 FY25): 21.1% YoY
• Vehicle Sales Growth (FY25): 23.9% YoY
• After-sales/Spare Parts Growth (Q4 FY25): 10.81% YoY to ₹246 crore
• After-sales/Spare Parts Growth (FY25): 10.47% YoY to ₹939 crore
• Pre-owned Vehicle Sales (Q4 FY25): Declined 45% YoY and 40.54% QoQ
The company has been pursuing an aggressive expansion strategy throughout FY25. Following an aggressive expansion drive, Landmark Cars is now shifting focus toward consolidating its network. The company opened 9 new workshops during the year, reinforcing its after-sales infrastructure. This expansion includes both new dealerships and service centers to enhance customer experience and market reach.
At the start of financial year 2024-25 (FY25), the company had set out a goal of opening 24 new outlets. Landmark Cars said it will operationalize the remaining outlet from June 2025. The company's strategic approach focuses on profitable growth while maintaining operational efficiency across its expanding network.
The company operates through multiple revenue streams, with vehicle sales being the primary contributor. After-sales service, spare parts, and other related business segments showed steady growth, increasing by 10.81% year-on-year in Q4 to ₹246 crore and by 10.47% for the full year to ₹939 crore.
The pre-owned vehicle segment faced headwinds during the recent quarter. Pre-owned vehicle sales faced challenges, declining by 45% year-on-year and 40.54% quarter-on-quarter in Q4 FY25. This decline reflects broader market challenges in the used car segment.
SANJAY KARSANDAS THAKKER serves as the Chairman & Executive Director, leading the company's strategic direction. The company has evolved from its initial incorporation as Landmark Insurance Broking Private Limited in 2006 to becoming a public limited company in 2021.
Landmark Cars made its stock market debut on December 23, 2022. The company raised ₹552 crore by allotting shares at an issue price of ₹506 per share. This public listing provided the company with capital to fund its expansion plans and strengthen its market position.
The company is well-positioned to capitalize on India's growing automotive market, particularly in the premium and luxury segments. Landmark is also a large partner for BYD as well as MG Motors, leaders in the EV space with clear price and product advantage. Rising EV adoption in India will clearly benefit Landmark in the times to come.
Deliveries of newly launched models—including the Mahindra BE6, XEV 9E, and BYD Sealion 7—also began towards the end of Q4 and are expected to support volume growth in FY26. Going forward, Landmark Cars plans to operationalize its Mercedes-Benz dealership in Patna and a Kia workshop in Hyderabad in Q1 FY26.
The company's diversified brand portfolio and strategic focus on premium automotive retail positions it favorably to benefit from India's evolving automotive landscape, including the transition toward electric vehicles and the growing demand for premium automotive services.
