Hero MotoCorp Ltd.

Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). The results were accompanied by a limited review report and a press release.

Key Financial Figures (Standalone)

  • Volume: 16.77 lakh units of motorcycles and scooters sold in Q1 FY27 (23% growth YoY from 13.67 lakh units)
  • Revenue from Operations: ₹12,999 Crore (36% growth YoY from ₹9,579 Crore)
  • EBITDA: ₹1,727 Crore (25% growth YoY from ₹1,382 Crore)
  • EBITDA Margin: 13.3%
  • Profit After Tax (PAT): ₹1,454 Crore (29% growth YoY from ₹1,126 Crore)

Key Financial Figures (Consolidated)

  • Revenue from Operations: ₹13,126 Crore (35% growth YoY from ₹9,728 Crore)
  • EBITDA: ₹1,746 Crore (24% growth YoY from ₹1,413 Crore)
  • Profit Before Tax (PBT): ₹1,921 Crore
  • Profit After Tax (PAT): ₹1,418 Crore (compared to ₹1,706 Crore in previous year which included a one-time gain of ₹722 Crore from dilution of investment in associates)

Business Performance Highlights

  • Parts, Accessories, and Merchandising (PAM) Business: Revenue of ₹1,689 Crore (30% growth YoY)
  • VIDA Electric Mobility Business: 151% year-on-year growth
  • Global Business: 63% year-on-year growth
  • Harley-Davidson Business: 105% year-on-year growth, expanded to 21 full-line dealerships nationwide
  • Scooter Dispatches: More than doubled to 1,93,058 units during the quarter

Strategic and Operational Updates

  • Expanded channel presence with 70 new touchpoints, including new Premia outlets in Tamil Nadu and Assam (total Premia network: 132 outlets)
  • Launched flex-fuel variants of Splendor+ and HF Deluxe
  • Expanded ICE portfolio with Passion+ Disc, Super Splendor XTEC 2.0
  • VIDA commenced retail of DIRT.E K3 off-road range in select markets
  • Strengthened global presence with re-entry into Ecuador and launched XPulse 200 4V and XPulse 200 Pro in UK
  • Mr. Sachin Agrawal assumed charge as Chief Technology Officer (CTO) effective May 21, 2026

Awards and Recognition

  • XPulse 210 awarded 'Adventure Bike of the Year' and Xtreme 250R 'Bike of the Year' at Bike India Awards 2026
  • VIDA received 'Breakthrough Marketing Campaign of the Year' at Times Drive Auto Summit 2026
  • VIDA recognized as 'Global Most Trusted Brand' at Global Brand & Leadership Conclave in London
  • VIDA entered Asia Book of Records for creating largest brand logo
  • 'Ride Safe India' recognized as 'Best Road Safety Project of the Year' at 3rd Global CSR & ESG Awards 2026
  • Awarded 'Most Sustainable Company' in Automobile category at Business Today's India's Most Sustainable Companies 2026
  • Neemrana Plant certified with GreenCo Platinum rating for 2026-2029 by CII

CSR and Sustainability Initiatives

  • Positively impacted over 2,14,802 lives through CSR initiatives in road safety, inclusive sports, health, education, livelihoods and environmental stewardship
  • Supported para athletes who secured 12 medals (6 Gold, 3 Silver, 2 Bronze) at 8th Indian Open International Para Athletics Championships

Corporate Action: Formation of CSR Subsidiary

The Board approved setting up a company under Section 8 of the Companies Act, 2013 to undertake Corporate Social Responsibility initiatives.

Details of the proposed subsidiary:

  • Proposed Name: Hero MotoCorp Foundation - A Santosh Munjal Legacy (subject to regulatory approvals)
  • Country of Incorporation: India
  • Date: Proposed to be incorporated
  • Relationship: Wholly-owned subsidiary of Hero MotoCorp Limited (HMCL)
  • Industry: Non-profit organisation
  • Purpose: Corporate Social Responsibility initiatives
  • Government Approvals Required: Approval of Central Government/Ministry of Corporate Affairs
  • Consideration: Cash consideration
  • Initial Investment: ₹1 crore infusion by HMCL
  • Shareholding: 100% wholly-owned by HMCL