More Stories

Informist, Tuesday, May 5, 2026

 

Please click here to read all liners published on this story

--Hero MotoCorp Jan-Mar net profit INR 14.01 bln vs INR 10.81 bln yr ago 
--Analysts saw Hero MotoCorp Jan-Mar net profit at INR 14.01 bln 
--Hero MotoCorp Jan-Mar revenue INR 127.97 bln vs INR 99.39 bln yr ago 
--Analysts saw Hero MotoCorp Jan-Mar revenue at INR 125.18 bln 
--Hero MotoCorp to pay INR 75 per share final dividend 
--Hero MotoCorp FY26 net profit INR 52.68 bln vs INR 46.10 bln yr ago 
--Hero MotoCorp FY26 revenue INR 468.30 bln vs INR 407.56 bln yr ago
--Hero MotoCorp Jan-Mar EBITDA INR 18.56 bln, up 31% on year 
--Hero MotoCorp Jan-Mar EBITDA margin 14.7%, up 30 bps on year 

By Eshitva Prakash

 

MUMBAI – Hero MotoCorp Ltd.'s net profit growth for the March quarter was the sharpest in seven quarters on a year-on-year basis, perfectly in line with analysts' expectations. The company also reported its strongest revenue growth in 15 quarters, higher than the view on the Street. It said the improvement in its earnings before interest, tax, depreciation, and amortisation margin was driven by a favourable product mix and cost efficiencies.

 

Hero MotoCorp's performance in the financial year 2025-26 (Apr-Mar) was anchored by consistent gains in its core internal combustion engine business, with the company expanding its market share across key segments, it said in a press release. Growth was broad-based across vehicles with engine capacity ranging from 100 cubic centimetres to 125 cubic centimetres, scooters, and premium motorcycle segments. The company said a series of product refreshes and the highest-ever sales in a festive season had also helped boost the top line.

 

The Splendor maker reported a net profit of INR 14.01 billion for the quarter ended March, up nearly 30% on year and almost 4% sequentially. Its top line rose nearly 29% on year and almost 4% on quarter to INR 127.97 billion. Analysts had pegged the automaker's top line at INR 125.18 billion.

 

Despite getting a boost from a higher-than-expected rise in its top line, the company's profit growth was kept in check by a sharp rise in total expenses, which grew at their fastest pace in 15 quarters. In the March quarter, its cost of raw materials consumed rose nearly 31% on year to INR 83.49 million. This was the second consecutive quarter when raw material costs rose more than 20% on year, and the rise was the sharpest in 15 quarters. The company's total expenses rose almost 28% to INR 111.50 billion.

 

The company's EBITDA rose 31% on year to INR 18.56 billion. Its EBITDA margin improved 30 basis points on year to 14.7%. For FY26, Hero MotoCorp's revenue rose almost 15% to INR 468.30 billion. Its bottom line for the year rose 14.3% to INR 52.68 billion.

 

The company sold 1.71 million units of motorcycles and scooters in the March quarter, up 24% on year, according to its press release. It sold 6.47 million units of motorcycles and scooters in FY26, up 10% over the previous year. "This growth (in FY26) was broad-based, driven by a strong premium and EV (electric vehicles) product portfolio and momentum across both domestic and global markets," Harshavaradhan Chitale, chief executive officer, said.

 

"As we look ahead, we are encouraged by the supportive government policies, positive consumer loyalty and sentiment, and the accelerating shift towards electrification and premiumisation," Chitale said. "These factors position us well for FY27, as we continue to lead the industry's transition towards sustainable and innovative mobility solutions."

 

Among specific vehicles, VIDA, an electric scooter, reported its highest retail sales growth of 190% in FY26. The Harley-Davidson business delivered 26% year-on-year growth in dispatch volume. This performance was driven by the successful launch of the H-D X440 T, brand campaigns, and an increase in network expansion, which enhanced accessibility and customer experience, the company said.  

 

The company's global business rose 40% in FY26. It said growth in the global business was driven by consistent performance across key international markets. Hero MotoCorp expanded its footprint to 52 countries with new market entries in Europe.
 

The Hero MotoCorp board extended the tenure of Pawan Munjal as executive chairman of the company for a period of five years starting October. It also approved a final dividend of INR 75 per share. Tuesday, shares of the company ended almost 1% higher at INR 5,109 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.