Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Eicher Motors Earnings Call Transcript: Key Takeaways

Eicher Motors delivered record Q1 FY27 results with 32% revenue growth, but management is pivoting to aggressive capex to combat capacity constraints.

Highlights
Revenue growthRecord revenue of ₹6,652 Cr, up 32% YoY.
MarginsEBITDA margins impacted by 4-4.5% commodity inflation partially offset by pricing.
Demand visibilityStrong domestic and international funnel; bookings and walk-ins tracking high.
Management confidenceConfident but cautious regarding commodity volatility and capacity constraints.

Growth

Revenue hit ₹6,652 Cr (+32%) and EBITDA reached ₹1,591 Cr, driven by record Royal Enfield and VECV sales volumes.

Outlook

Investing ₹1,225 Cr in a new Greenfield facility in Andhra Pradesh to reach 2.45 million units capacity by FY30.

Risks

Significant commodity inflation (4-4.5%) and capacity bottlenecks are forcing heavy immediate investment, potentially weighing on near-term margins.

Last quarter's promises, checked

Delivered

  • Guided 1.4M capacity + 500/day module → delivered 1.6M+ capacity (= BEAT)
  • Guided 1.75% price hike in April → delivered 1.75% hike (= BEAT)
  • Guided ₹958 Cr capex for Cheyyar → delivered expansion on track (= BEAT)

Partly delivered

  • Guided strong international growth/Brazil focus → delivered record revenue but Europe degrowth (= PARTIAL)

Missed

  • Guided 3-3.5% commodity impact → delivered 4-4.5% impact (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: EICHERMOT. Summary written with AI assistance from the document.

Read the document ↗

Eicher Motors Ltd: key numbers

Share price
₹7,360.00
Market cap
₹2,02,044 Cr
Revenue (annual)
₹23,408 Cr
Net profit (annual)
₹5,515 Cr
P/E (TTM)
35.0×Sector 33.6×
Promoter holding
49.02%-0.04% QoQ
FII holding
25.52%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Eicher Motors Ltd

All →
18:18 IST BSE
Other Announcement

Eicher Motors Other Announcement

Eicher Motors has issued a reminder to its shareholders holding physical securities to furnish PAN, KYC, and nomination details in compliance with SEBI regulations.

11:53 IST BSE
Product Launch

Eicher Motors Product Launch

Eicher Motors launched the 2026 Royal Enfield Classic 350 Signature White edition at ₹2,24,275 ex-showroom. The variant adds premium seats, USB-C charging, and Tripper Pod navigation.

01:24 IST BSE
Business Update

Eicher Motors Business Update

Eicher Motors' electric mobility brand, Flying Flea, has launched its first electric motorcycle, the FF.C6, across five major cities in Europe and the UK.

18:49 IST BSE
Product Launch

Eicher Motors Product Launch

Eicher Motors launched the new Royal Enfield Himalayan 440 motorcycle, priced at ₹2,29,000 (ex-showroom). Bookings for the new motorcycle are now open across dealerships and online.