India · Delayed Price · Currency is INR Hero MotoCorp Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw record revenue and strong profit growth, driven by robust demand, new launches, and market share gains across segments. The company is investing in EVs, premium products, and global expansion, while managing commodity inflation and supply chain risks.
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Record quarterly revenue, EBITDA, and PAT were achieved, with strong market share gains across all segments, especially in entry, scooters, and EVs. The outlook remains positive, with industry growth expected at 8%-10% in H2 and continued investments in premium and EV portfolios.
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Q1 FY 2026 saw strong market share gains in entry, scooter, and EV segments, with revenue at INR 9,579 crore and EBITDA margin at 14.4%. EV market share hit a record 7% for the quarter, rising to 10% in July, and new launches are set to drive further growth.
Fiscal Year 2025
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Achieved record revenue and profit for FY2025, with strong growth in domestic, global, and EV segments. Market share gains in entry and 125cc categories, robust parts business, and continued investments in premium and EV products position the company to outpace industry growth in FY2026.
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Q3 saw record revenue and profit growth, with strong gains in 125cc, premium, and EV segments. Parts and global businesses outperformed, while leadership transitions and new product launches set the stage for continued double-digit growth next year.
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Highest-ever quarterly revenue, EBITDA, and PAT were achieved, driven by strong festive sales, improved margins, and robust growth in both ICE and EV segments. Rural and urban demand both saw double-digit growth, with continued investments in premium and EV portfolios.
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Record quarterly revenue and profit driven by strong rural demand, 125cc segment gains, and EV business ramp-up. ICE margins at the top end of guidance, with continued investments in premium, EV, and export expansion. Retail market share and network footprint improved.