Honda India Power Products revenue rises 19.3% in Q1FY27 on export surge
Honda India Power Products reported Q1FY27 revenue of ₹189.25 crore, up 19.3% YoY, with net profit rising 17.1% to ₹11.10 crore. Growth was led by exports, which surged to ₹58.40 crore. The Board appointed Sameer Jain as CFO, effective October 1, 2026.

*this image is generated using AI for illustrative purposes only.
Honda India Power Products reported a 19.3% year-on-year rise in revenue to ₹189.25 crore for the quarter ended June 30, 2026, driven by a significant surge in export sales which nearly quadrupled compared to the previous year. Net profit after tax grew 17.1% to ₹11.10 crore, while earnings per share increased to ₹10.94 from ₹9.35. The growth momentum was primarily fueled by international markets, indicating a strategic shift towards overseas demand as domestic revenue remained relatively flat. The Board of Directors approved the unaudited financial results on July 30, 2026, and filed them with stock exchanges under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q1FY27 Financial Highlights
The company's top-line expansion was supported by improved operational leverage despite a rise in other expenses. While employee benefits increased slightly to ₹35.06 crore from ₹34.13 crore, other expenses rose to ₹33.33 crore from ₹26.67 crore. However, the volume growth in high-margin export sales helped drive overall profitability. The following table outlines the key financial metrics for the quarter:
| Metric: | Q1FY27 (₹ Cr) | Q1FY26 (₹ Cr) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 189.25 | 154.91 | +19.3% |
| Net Profit After Tax | 11.10 | 9.48 | +17.1% |
| Earnings Per Share (Basic) | ₹10.94 | ₹9.35 | +17.0% |
Note: Revenue figures are presented in ₹ crore for readability, derived from the filing’s ₹ lakh units (18,925 lakhs and 15,491 lakhs respectively).
Export-Led Growth Trajectory
Revenue from contracts with customers outside India jumped to ₹58.40 crore in Q1FY27, up from ₹15.83 crore in the same period last year. In contrast, domestic revenue from India stood at ₹128.21 crore, slightly down from ₹137.62 crore year-on-year. This divergence highlights a strategic shift or market-specific strength in international territories, which accounted for approximately 31% of total contract revenue this quarter, compared to just 10% in Q1FY26. The statutory auditors, B S R & Co. LLP, issued an unmodified limited review report on the unaudited financial results.
Leadership Transition
The Board approved the appointment of Sameer Jain as Chief Financial Officer, effective October 1, 2026. He will replace Vinay Mittal, who is retiring from the company on September 30, 2026. Additionally, Mittal has resigned from his position as Whole Time Director, effective September 1, 2026. Jain brings nearly three decades of experience in business planning, treasury operations, and tax compliance, having previously been honored as "Finance Leader of the Year - Auto 2023". The Board meeting commenced at 05:15 P.M. and concluded at 05:48 P.M. on July 30, 2026.
Historical Stock Returns for Honda India Power Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.23% | -3.57% | -1.42% | -5.82% | -31.26% | +73.10% |
Which specific international markets contributed most to the quadrupling of export sales, and are there plans to expand into new regions in FY27?
How does the new CFO, Sameer Jain, plan to address the rising other expenses while maintaining the profitability gains from high-margin export volumes?
Given the flat domestic revenue, what strategic initiatives is Honda India Power Products pursuing to revitalize its home market performance in the coming quarters?


































