ALFA Finder| Revenue growth | 36% YoY growth in operations. |
|---|---|
| Margins | EBITDA margin at 13.3%; aim to neutralize inflation via mix/LEAP. |
| Order book | Nil channel inventory for VIDA; supply retailed immediately. |
| Demand visibility | Strong retail growth; July retail up 28% YoY. |
| Management confidence | High; citing market share gains in scooters and premium segments. |
Growth
Revenue grew 36% YoY, outstripping 23% volume growth. ICE business grew 21% while EV (VIDA) volumes surged 151% YoY.
Outlook
Medium-term EBITDA margin target set at 14%-16%. EV capacity tripling to 45,000 units/month by FY27 end.
Risks
Gross margins contracted 300 bps QoQ due to 4.5% commodity inflation and geopolitical conflicts in West Asia.
Last quarter's promises, checked
Delivered
- Guided capacity expansion → delivered EV volumes up 151% (= BEAT)
- Guided scooter share gains → delivered ICE scooters up 87% (= BEAT)
- Guided export expansion → delivered exports up 60% (= BEAT)
Partly delivered
- Guided inflation mitigation → delivered 4.5% price hike vs 300bps margin drop (= PARTIAL)
Missed
- Guided 14%-16% margin maintenance → delivered 13.3% (= MISS)
Earnings Call Transcript filed with BSE, NSE: HEROMOTOCO. Summary written with AI assistance from the document.
Hero MotoCorp Ltd: key numbers
- Share price
- ₹5,352.00
- Market cap
- ₹1,07,127 Cr
- Revenue (annual)
- ₹47,411 Cr
- Net profit (annual)
- ₹5,742 Cr
- P/E (TTM)
- 17.9×Sector 32.5×
- Promoter holding
- 34.72%-0.01% QoQ
- FII holding
- 32.22%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Hero MotoCorp Ltd
All →Hero MotoCorp Product Launch
Hero MotoCorp unveiled new motorcycles at EICMA 2026 and started VIDA customer deliveries across Europe. The company also introduced Novus Labs, its future-mobility innovation hub.
Hero MotoCorp Merger & Restructuring
Hero MotoCorp incorporated a wholly-owned CSR subsidiary under Section 8 of the Companies Act on October 29, 2026. The entity 'Hero MotoCorp Foundation' will undertake CSR initiatives.
Hero MotoCorp Business Update
Hero MotoCorp updated its code of practices for fair disclosure of unpublished price-sensitive information, effective 28 October 2026. The revised code governs disclosure, spokespersons and analyst interactions.
Hero MotoCorp Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹14,687 Cr (+21% YoY), PAT ₹1,456 Cr (+5%), EBITDA margin 13.4%. Growth driven by volume, mix and pricing; scooter and EV momentum continues.
Hero MotoCorp Capital Structure Change
Hero MotoCorp's board approved up to ₹300 Crore additional investment in wholly-owned subsidiary HMCL Netherlands B.V., in tranches over two years. Quarterly results were also approved.
- Value
- ₹300.0 Cr
- Execution
- 2 years, in one or more tranches
Hero MotoCorp Financial Results
Hero MotoCorp reported Q2 FY'27 consolidated revenue of Rs 14,971 Crore and PAT of Rs 1,861 Crore. It also approved up to Rs 300 Crore additional investment in a subsidiary.