Financial Performance

Consolidated Results (Q1 FY27):

  • Revenue from operations: ₹6,632 crores (32% growth YoY from corresponding quarter)
  • EBITDA: ₹1,591 crores (32% growth from ₹1,203 crores in same quarter previous year)
  • Profit After Tax: ₹1,463 crores (21% growth from ₹1,205 crores last year)

Royal Enfield Performance:

  • Motorcycle sales: 332,940 units (27% growth from 261,326 units in corresponding quarter)

VECV Performance (Q1 FY27):

  • Revenue from operations: ₹6,610 crores (16.6% growth from ₹5,671 crores)
  • EBITDA: ₹541 crores (6.1% growth from ₹511 crores a year ago)
  • Profit after tax: ₹300 crores (compared to ₹288 crores last year)
  • Vehicle sales: 24,815 vehicles (14.8% growth from 21,610 vehicles previous year)

Strategic Initiatives and Capital Allocation

The Board of Directors approved an investment of ₹1,225 Crores for Phase I of the Greenfield expansion in Andhra Pradesh. The facility at full utilization can produce an additional 4.5 lakh motorcycles per year. The capacity addition is expected to be completed during FY 2029-30, subject to market conditions.

Business Updates and Product Launches

Electric Mobility:

  • Launched Flying Flea C6, its first electric motorcycle under the new City+ electric mobility brand
  • Commenced deliveries from June 2026 as part of phased, city-by-city expansion strategy
  • First store opened in Jayanagar, Bengaluru

Petrol Motorcycle Expansion:

  • Launched Bullet 650 across India, EMEA and ANZ markets in Cannon Black and Battleship Blue variants
  • Introduced new Base Premium variant for Hunter 350 in Tarmac Black, alongside Mumbai Yellow and Moonshot White colorways

Manufacturing Expansion:

  • Plans to acquire land parcel in Tada, Andhra Pradesh for new greenfield manufacturing facility
  • Planned investment of approximately ₹2,500 crore implemented in phased manner

Global Recognition:

  • Royal Enfield ranked world's third strongest automobile brand by Brand Finance in 2026

Brand Initiatives:

  • Unveiled 'World Origin Site' plaque at Redditch celebrating 125th anniversary
  • Conducted biggest-ever Himalayan Odyssey and announced inaugural Himalayan Basecamp: Ladakh Edition
  • Expanded international presence with product launches in Nepal, Malaysia, Australia, and New Zealand

Management Commentary

B. Govindarajan, Managing Director - EML and CEO - Royal Enfield: Highlighted record-setting performance, commencement of Flying Flea C6 deliveries, Bullet 650 launch, and global market performance. Expressed optimism about maintaining growth trajectory with robust product launch calendar and brand initiatives.

B. Srinivas, Managing Director and CEO - VECV: Emphasized maintaining number one position in LMD truck market, launch of Volvo FMX Edge for mining sector, addition of 30 new touchpoints, and MoU with Ministry of Road Transport and Highways under PARIVARTAN fleet modernization scheme for NCR.

Additional Information

The document includes forward-looking statements disclaimer noting that actual results may differ from expectations and the company undertakes no obligation to update forward-looking statements.