Eicher Aug, motorcycle sales 114,002 units, +55% YY

Eicher Aug, motorcycle sales 114,002 units, +55% YY

Eicher Motors Ltd. (EML) has reported robust financial performance for the first quarter of FY26, with significant growth across its two-wheelers and commercial vehicles (CV) segments. The company announced its Q1FY26 results, showcasing a strong start to the financial year.

Key Highlights:

- Revenue from Operations: Eicher Motors reported revenue from operations of Rs 5,042 crore, marking a 14.8% increase compared to Rs 4,393 crore in Q1FY25.
- EBITDA Growth: EBITDA grew by 3.2% to Rs 1,203 crore, compared to Rs 1,165 crore in the previous quarter.
- Profit After Tax (PAT): PAT increased by 9.4% to Rs 1,205 crore, compared to Rs 1,101 crore in Q1FY25.
- Royal Enfield Sales: Royal Enfield recorded sales of 261,326 motorcycles, representing a 14.7% growth from the 227,736 units sold in Q1FY25.
- VECV Performance: VECV delivered 21,610 units in Q1FY26, a 9.7% year-over-year increase, and improved its overall market share to 18.7%.

Management Comments:

Govindarajan, Managing Director, Eicher Motors, and CEO, Royal Enfield, noted that the company has achieved a solid start to the year with encouraging growth across both Royal Enfield and VECV. He highlighted the continued focus on product innovation, immersive riding experiences, and a deeper expression of pure motorcycling at Royal Enfield. Vinod Aggarwal, MD & CEO, VECV & Vice Chairman, Eicher Motors Ltd., emphasized VECV's strong revenue growth and expansion in profit margins, driven by better volumes, pricing, and cost discipline.

Outlook:

Looking ahead, Eicher Motors is poised to continue its momentum with a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences. VECV is well-positioned to lead the industry transition to sustainable and efficient last-mile logistics with the recent launch of the Eicher Pro X small truck. The company's commitment to long-term value creation through customer-centric innovation, global ambition, and meaningful brand experiences remains strong. Historically, investors have responded favorably to Eicher Motors' earnings announcements, with a consistent positive impact observed around earnings release dates—reinforcing confidence in the company's ability to deliver value.



References:

[1] https://www.icicidirect.com/research/equity/rapid-results/eicher-motors-ltd