Hero MotoCorp Q2 revenue jumps 41% as scooter and EV gross sales surge
The firm had posted a web revenue of Rs 1,320.98 crore within the corresponding interval of the earlier monetary yr.
Revenue and monetary efficiency
Revenue from operations grew 23% to Rs 14,970.50 crore from Rs 12,218.39 crore in Q2 FY26. Total bills throughout the quarter rose 25% to Rs 13,228 crore from Rs 10,584 crore within the year-ago interval.
The outcomes for the quarter and half-year embrace a Rs 397 crore achieve from the fairness consolidation of an affiliate firm, following its capital elevate by a Qualified Institutional Placement (QIP) and personal placement, the corporate stated in a press release.
Management commentary
Harshavardhan Chitale, Chief Executive Officer of Hero MotoCorp, stated, “We delivered a powerful efficiency this quarter, with scooters rising as a key development contributor, supported by wholesome momentum throughout each, ICE and VIDA electrical portfolio. This displays the power of our product choices and our potential to reply to evolving buyer aspirations throughout segments.”Chitale added that the corporate’s 100cc motorbike phase additionally continued to contribute to total development.
Scooter and electrical automobile gross sales drive development
During the quarter, Hero MotoCorp bought 18.68 lakh bikes and scooters, registering development of 10%.
Scooter gross sales grew 47% year-on-year to 2.40 lakh models. Internal combustion engine (ICE) scooters continued to achieve market share, led by the Destini and Xoom sequence, which recorded 50% year-on-year development, with dispatches of 1.37 lakh models throughout the quarter.
The firm’s electrical mobility model, VIDA, continued its development trajectory, recording 76% year-on-year development in retail gross sales to 66,531 models throughout the quarter.
“Going ahead, our focus stays on sustaining this optimistic momentum, driving worthwhile development and constructing a extra diversified and future-ready industry,” Chitale added.
Global growth and premium motorbike industry
Hero MotoCorp expanded its world footprint throughout the quarter by getting into Germany, taking its presence to 54 cross-border financial hubs. The firm additionally launched the XPulse 200 4V and XPulse 200 4V Pro in Bangladesh.
Meanwhile, the Harley-Davidson industry recorded sequential development of 30% and year-on-year development of 19% within the first half of the monetary yr, the corporate stated.
Hero continued to strengthen the Harley-Davidson retail ecosystem throughout the quarter, increasing its community to supply globally sourced fully built-up (CBU) fashions alongside the regionally manufactured X440 and X440 T.
Shares of Hero MotoCorp closed at Rs 5,300 apiece, up 1.53% on the BSE. The firm introduced its outcomes after market hours.
