Hero MotoCorp reported strong Q2 FY26 results, with revenue reaching a record ₹12,126 crores, a 16% year-on-year increase. EBITDA also hit a new high of ₹1,823 crores, up by 20%, and PAT grew by 16% to ₹1,393 crores. The company gained market share across all key segments and anticipates industry growth of 8% to 10% in the second half of FY26, outperforming the market overall. The company appointed Mr. Harshavardhan Chitale as the new CEO effective January 2026.
Financial Performance Highlights
Hero MotoCorp announced its financial results for Q2 FY26, showcasing significant growth:
- Revenue: Achieved a record quarterly revenue of ₹12,126 crores, reflecting a year-on-year growth of 16%.
- EBITDA: Reported the highest-ever EBITDA of ₹1,823 crores, marking a growth of 20%.
- PAT: Recorded the highest-ever Profit After Tax (PAT) of ₹1,393 crores, a 16% increase.
H1 FY26 Performance
The company also demonstrated robust performance in the first half of FY26:
- Revenue: Amounted to ₹21,705 crores, up by 5.3% year-on-year.
- EBITDA: Reached ₹3,205 crores, a growth of 7.7%.
- PAT: Stood at ₹2,519 crores, reflecting an 8% year-on-year increase.
Business Highlights
Key business highlights from the earnings call include:
- Market share gains across all key segments (Entry, Deluxe, Premium, Scooters, EVs, and Global Business).
- Entry segment share expanded for the second consecutive quarter with a 3% gain in Q2 and 5% in H1.
- EV business achieved its highest-ever quarterly market share of 11.7%.
- Global business dispatches grew by an impressive 77%.
Strategic Developments
Hero MotoCorp announced the appointment of Mr. Harshavardhan Chitale as the new Chief Executive Officer, effective January 2026.
Market Outlook
The company anticipates 2-wheeler industry growth of 8% to 10% in the second half of FY26, with Hero MotoCorp poised to outperform the market.
Operational Efficiency
EBITDA margin for the ICE business improved to 17.7% during the quarter, up 121 basis points year-on-year, driven by lower material costs and cost efficiencies.
Festive Season Performance
The company recorded sales of nearly 1 million units on VAHAN during the festive season, with a market share gain of 370 bps year-on-year to 31.6% in October.
Source: BSE