Ather Energy Q4 FY26 Volumes Surge 83%

Ather Energy reported Q4 FY26 volumes of 83,000 units, an 83% increase, driven by the successful Rizta scooter which now constitutes 75% of sales.
The company doubled its store count to 700 and achieved a record 93% Pro-Pack attach rate, contributing to a 500bps improvement in gross margin.
EBITDA losses narrowed sharply by 2000bps to -2% in Q4, though near-term margins face pressure from a 40-50% commodity cost inflation.
Management outlined the upcoming EL platform launch targeting the mass market segment and Phase 1 of the new 500,000-unit capacity Factory 3.0 by Q3 FY27.