Eicher Reports Record FY26 Revenue, PAT Growth
Eicher Motors announced its audited consolidated financial results for Q4 and FY26, achieving record annual revenue of ₹23,408 crores and PAT of ₹5,515 crores. Q4 revenue increased 16% to ₹6,080 crores, while PAT grew 12% to ₹1,520 crores. Royal Enfield sold 1,227,977 units in FY26, and VECV achieved its highest-ever revenue. The Board recommended a final dividend of ₹82 per share and announced a ₹958 crore investment for capacity expansion.
*this image is generated using AI for illustrative purposes only.
Eicher Motors announced its audited consolidated financial results for the quarter and financial year ended March 31, 2026, reporting its highest-ever annual revenue, Profit After Tax (PAT), and EBITDA. The company achieved a PAT of ₹5,515 crores for FY26, a growth of 17% year-on-year, while revenue from operations reached ₹23,408 crores, up 24%.
Q4 FY 2025-26 Performance
For the fourth quarter, Eicher Motors reported a revenue of ₹6,080 crores, a 16% increase from the corresponding quarter of the previous year. Profit After Tax rose 12% to ₹1,520 crores, and EBITDA grew 20% to ₹1,514 crores. The operational performance was driven by strong sales across its business verticals.
Operational Highlights
Royal Enfield recorded its highest-ever Q4 sales of 313,811 motorcycles, a 12% growth over Q4 FY25. For the full year, Royal Enfield sold 1,227,977 units, surpassing 1.2 million units for the second consecutive year, marking a 22% YoY increase. Domestic sales grew 23% to 1,107,343 units, while international volumes increased 20% to 120,634 motorcycles.
VE Commercial Vehicles (VECV) also reported a robust performance with sales of 33,976 vehicles in Q4, up from 28,675 vehicles in the previous year. For FY26, VECV sold 103,404 units, growing 14.7% over FY25, and achieved its highest-ever revenue of ₹27,076.6 crores.
The following table summarises the key financial metrics for Q4 and FY26:
| Metric | Q4 FY26 | Q4 Prior Year | FY26 | FY25 |
|---|---|---|---|---|
| Revenue (₹ Crores) | 6,080 | 5,241 | 23,408 | 18,870 |
| EBITDA (₹ Crores) | 1,514 | 1,258 | 5,785 | 4,704 |
| Profit After Tax (₹ Crores) | 1,520 | 1,362 | 5,515 | 4,714 |
Dividend and Strategic Developments
The Board of Directors recommended a final dividend of ₹82 per share for the financial year ended March 31, 2026. Additionally, the company announced a significant investment of ₹958 crores for brownfield capacity expansion at its Cheyyar facility to increase annual production capacity from 14.6 lakh units to 20 lakh units. Eicher Motors also marked its entry into the electric mobility space with the launch of the Flying Flea C6.
Historical Stock Returns for Eicher Motors
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.30% | -0.75% | -3.58% | -2.14% | +29.07% | +176.79% |
How will Royal Enfield's Flying Flea C6 compete against established electric two-wheeler players like Ola Electric and Ather Energy in terms of pricing and market positioning?
With the Cheyyar facility expansion targeting 20 lakh units annually, what new markets or product segments is Eicher Motors planning to capture to justify the increased production capacity?
Given Royal Enfield's 20% international volume growth, which specific geographies are expected to drive the next phase of global expansion, particularly in Southeast Asia and Europe?
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