"Bajaj Auto, which has consistently maintained its EBITDA margin above 15% for the last seven-eight quarters and above 19% for the last two-three quarters, saw its top line numbers for the quarter broadly in line with expectations. Despite having a weak export mix, the firm's performance remains solid, helped in part by premiumisation of the domestic market.The company's product portfolio is improving and as its dealership expansions grow, volumes should increase further."