India · Delayed Price · Currency is INR Eicher Motors Earnings Call Transcripts
Fiscal Year 2026
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Record FY 2026 results with strong growth in both Royal Enfield and VECV, robust domestic and export sales, and major capacity expansions underway. Premium motorcycle demand remains strong, commodity inflation is being managed, and a new JV with Volvo will drive captive financing.
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Q3 FY26 delivered strong revenue and profit growth, driven by robust domestic demand, new launches, and record festive sales. Capacity expansion to 2 million units is underway, with continued focus on value engineering and selective price increases to offset commodity pressures.
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Record revenue and profit growth driven by strong festive demand, new launches, and GST reforms. Royal Enfield and VECV achieved all-time high sales, with robust domestic and export momentum, while inflation and commodity costs remain key watch areas.
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Q1 FY2026 saw double-digit revenue and volume growth, with strong domestic and international sales, record VECV performance, and continued ESG progress. Management remains optimistic for the festive season, focusing on growth, new launches, and rural expansion.
Fiscal Year 2025
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Record revenue and profit achieved, with Royal Enfield surpassing 1 million annual sales and VECV gaining market share. Strong growth expected in both domestic and international markets, supported by new launches, sustainability initiatives, and increased CapEx.
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Record sales and profit growth were driven by new launches, strong exports, and robust demand in both commercial vehicles and motorcycles. One-time marketing and launch expenses impacted margins, but future growth and brand investments remain a priority.
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Q2 saw record revenues and profit growth, driven by strong festive sales, new launches, and robust international expansion. VECV outperformed a declining market, while Royal Enfield achieved record festive sales and expanded its EV and global footprint.
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Q1 FY25 saw record revenue, EBITDA, and PAT, driven by strong Royal Enfield and VECV performance. New product launches, improved inventory management, and increased brand investments are expected to sustain growth, despite short-term demand headwinds and commodity volatility.