Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, reported its highest-ever annual revenue and profit after tax in its 25th consecutive year of industry leadership. The Board of Directors met on May 5, 2026, approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company also announced a total dividend of ₹185 per equity share for FY 2025-26.

Financial Performance — FY26 and Q4 FY26

Hero MotoCorp delivered broad-based growth across all key financial metrics for both the full year and the fourth quarter. The following tables summarise the reported performance:

For Q4, the company's results surpassed analyst estimates across key parameters, with EBITDA and revenue both coming in ahead of consensus expectations. The table below presents Q4 actuals alongside prior-year figures and analyst estimates:

EBITDA margin improvement of 30 basis points for the year was driven by a favourable product mix and cost efficiencies. Revenue from the Parts, Accessories, and Merchandising (PAM) business for the year stood at ₹6,147 Crore.

Dividend Declaration

The board recommended a final dividend at 3,750%, amounting to ₹75/- per equity share (face value ₹2/-) for FY2025-26, subject to approval at the 43rd AGM. Including the interim dividend of ₹110 per share, the total dividend for FY2025-26 amounts to ₹185 per equity share, representing a payout of 9,250%.

Business Highlights

Growth during the year was broad-based across the 100cc–125cc, scooter, and premium motorcycle segments, supported by product refreshes and the company's highest-ever festive season. Hero MotoCorp strengthened its product line-up with launches including HF Deluxe Pro, Glamour X, Destini 125, Destini 110, Xoom 160, Xtreme 125R, and Xpulse 210. The Harley-Davidson business delivered 26% year-on-year growth in dispatch volume, supported by the launch of H-D X440T and network expansion to 150+ touchpoints in FY26.

Hero MotoCorp's Global Business closed FY26 at an all-time high, with global dispatches of 4.03 lakh units, registering 40% year-on-year growth. The company expanded its footprint to 52 international markets, including new entries into Europe and the United Kingdom with a Euro5+ compliant portfolio. Key international markets recorded strong market share gains — Sri Lanka at 13.3%, Colombia at 8%, and Bangladesh at 20.1%.

Hero Motocorp has laid out a focused international expansion strategy, targeting rapid growth across key emerging markets including SAARC, Africa, and Latin America, as revealed in a recent concall update. The company's export ambitions reflect a structured push to strengthen its global footprint beyond its dominant domestic position.

International Expansion Strategy

Hero Motocorp has identified three primary geographies — SAARC, Africa, and Latin America — as core areas for accelerated growth. The company's approach signals a deliberate effort to diversify its revenue base and tap into high-potential two-wheeler markets across these regions.

Key Market Priorities

The following strategic priorities were highlighted during the concall:

Bangladesh and Sri Lanka in Focus

Bangladesh has been singled out as a priority market, with Hero Motocorp aiming to double its existing market presence in the country. Alongside this, the company has expressed its intention to re-enter Sri Lanka, a market that represents a renewed opportunity for the brand in the South Asian region.

Export-Led Growth Approach

The concall update underscored that exports remain a central pillar of Hero Motocorp's broader growth strategy. By focusing on geographies with growing demand for affordable and reliable two-wheelers, the company is positioning itself to capture incremental volumes through its international business. The emphasis on SAARC, Africa, and Latin America reflects a multi-regional approach to building sustainable export momentum.