Q2FY’26 REVENUE OF Rs. 12,126 Cr; A GROWTH OF 16% AND PAT AT Rs. 1,393 Cr; A GROWTH OF 16%
GAINS MARKET SHARE, ACCELERATES EV BUSINESS AND CONTINUES GLOBAL EXPANSION WITH ENTRY IN EUROPEAN MARKETS
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, continued its strong financial performance for the second quarter (July–September 2025) of FY’26 and for H1FY’26 (April–September 2025) reporting highest ever Revenue and PAT.
The Company reported quarterly revenue of Rs. 12,126 Crore, (vs Rs. 10,463 Crore in the previous year), reflecting a growth of 16%. On an H1FY26 basis, the Company reported a revenue of Rs. 21,705 Crore, (vs Rs. 20,607 Crore in the previous year), reflecting a growth of 5%.
The EBITDA margin for the quarter expanded over the previous year by 55 bps and stood at 15.0%. PAT stood at Rs. 1,393 Crore, a growth of 16% over the previous year. On an H1FY26 basis, the EBITDA margin expanded over the previous year by 33 bps and stood at 14.8%, while the PAT stood at Rs. 2,519 Crore, a growth of 8% over the corresponding period in the previous year.
The consolidated Revenue and PAT for the quarter were Rs. 12,218 Crore and Rs. 1,321 Crore, respectively. For H1FY26, the consolidated numbers for Revenue and PAT were Rs. 21,946 Crore and Rs. 3,027 Crore, respectively.
During this year’s festive season, starting with Onam on Aug 23, 2025 until Nov 12, 2025, the growth in ICE VAHAN registrations stood at 16.2% ahead of industry growth of 14.7% over the comparable period in the previous year, leading with a 40 bps market share gain. This was supported by strong traction in the Entry, Deluxe, and Scooter segments.
VIDA, Hero MotoCorp’s Emerging Mobility business, continued its robust growth trajectory, with highest-ever EV business market share of 11.7%, led by VIDA VX2 EVOOTER. At EICMA 2025 in Milan Italy, the Company unveiled intelligent, human-centric, sustainable electric mobility concepts under the new VIDA NOVUS portfolio. Under VIDA DIRT.E, the Company revealed its off-road electric motorcycle series and showcased two electric motorcycle concepts while announcing the launch of the VIDA VX2 in Europe.
The Company’s Global Business continued its upward growth trajectory during the quarter with dispatch growth of 77%, three times the industry growth, led by Bangladesh, Nepal, Sri Lanka, and Colombia. The Company marked its entry into Europe and the UK markets with Euro5+ compliant portfolio.
Commenting on the quarter results, Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said, “The change in the GST regime has fundamentally simplified India’s indirect tax structure and demonstrably improved consumer sentiment. The industry witnessed direct benefits of this policy reform, reflected in strong market performance.
In Q2FY’26, the auto industry returned to broad-based growth, further supported by positive festive sentiment. Hero MotoCorp witnessed strong momentum, aided by the success of our new launches, expanding product portfolio, and customer-centric marketing campaigns.
Furthermore, our Emerging Mobility business—VIDA—returned growth ahead of the industry average, and the Company outperformed the markets in global business.
We expect the momentum in growth to continue, supported by benefits flowing in from the GST reforms, healthy macro-economic parameters, and a robust product portfolio. We remain committed to sustained growth and will continue to invest strategically in technology, global markets, and product innovation to build long-term value for our shareholders.”
