Eicher Motors , the parent company of Royal Enfield and a key player in the Indian automotive industry, has reported robust financial results for the first quarter, demonstrating strong growth across its business segments.

Financial Highlights

Eicher Motors posted its best-ever first-quarter revenue from operations at ₹5,042.00 crores, marking a significant increase of 14.8% compared to ₹4,393.00 crores in the corresponding quarter of the previous fiscal year. The company's EBITDA grew by 3.2% to ₹1,203.00 crores, while Profit After Tax (PAT) saw a notable rise of 9.4%, reaching ₹1,205.00 crores.

Royal Enfield Performance

Royal Enfield, the company's flagship motorcycle brand, registered impressive sales of 261,326 motorcycles during the quarter, representing a substantial growth of 14.7% from 227,736 units sold in the same quarter of the previous year. This performance underscores the brand's continued popularity and market strength in the mid-size motorcycle segment.

VECV Joint Venture Results

VE Commercial Vehicles (VECV), Eicher's joint venture with Sweden's Volvo Group, also reported strong results. VECV's revenue from operations stood at ₹5,671.00 crores, up 11.9% year-on-year. The joint venture's EBITDA for the quarter rose significantly by 32.6% to ₹511.00 crores. VECV sold 21,610 vehicles during the period, showing growth from 19,702 vehicles in the same quarter last year.

Product and Market Developments

Royal Enfield launched the refreshed Hunter 350 at its debut street culture festival, HunterHood, held in Mumbai and Delhi. The updated model features new colourways, enhanced comfort, improved ground clearance, and additional features like LED headlamp and USB Type-C charging.

Expanding its international presence, Royal Enfield introduced the locally assembled Classic 350 in Nepal, priced from NPR 5.55 lakhs. The motorcycle now offers dual-channel ABS across all variants, along with other modern upgrades.

Community Engagement and Brand Initiatives

The company successfully concluded its 21st Himalayan Odyssey, a 2,600 km expedition through challenging terrains, reinforcing its commitment to adventure motorcycling. Royal Enfield also partnered with The Great Frog to launch a limited-edition collection, featuring a custom-built Super Meteor 650 chopper and collaborative apparel, showcasing its focus on lifestyle and brand experiences.

Sustainability Efforts

Under its Green Pursuit initiative, Royal Enfield introduced the 'conscious collection', a sustainable apparel range using recycled materials and eco-friendly packaging, aligning with its commitment to environmental responsibility.

Management Commentary

B Govindarajan, Managing Director of Eicher Motors and CEO of Royal Enfield, commented on the results: "At Eicher Motors, we've had a solid start to the year, with encouraging growth across both Royal Enfield and VECV. We continue to build consistent momentum in volumes, profitability, and the strength of our overall portfolio."

He added, "As we move forward, our commitment to long-term value creation remains strong — through customer-centric innovation, global ambition, and meaningful brand experiences at every level."

Vinod Aggarwal, MD and CEO of VECV, noted the joint venture's strong performance: "VECV delivered its best-ever first quarter with 21,610 units (up 9.7% year-on-year) and broadened its footprint in a largely flat market. Overall market share improved to 18.7% (vs 17.3% last year), led by continued leadership in LMD trucks (34.5% share) and a strong showing in Buses."

With these robust results and strategic initiatives, Eicher Motors demonstrates its resilience and growth potential in the automotive sector, setting a positive tone for the fiscal year ahead.

Eicher Motors Limited (EML) has announced its unaudited consolidated financial results for the first quarter, showcasing robust growth across key financial metrics.

Financial Highlights

Operational Performance

Royal Enfield

• Total sales of 261,326 motorcycles, marking a 14.7% growth from 227,736 units sold in the same quarter of the previous fiscal year.
• The refreshed Hunter 350 continues to be a key driver of growth.

VE Commercial Vehicles (VECV)

Eicher's joint venture with Volvo Group delivered:

• Sales of 21,610 units, up from 19,702 units in the previous year.
• Revenue growth of 11.9% to ₹5,671.00 crores from ₹5,070.00 crores.
• EBITDA increase of 32.6% to ₹511.00 crores from ₹385.00 crores.
• Overall market share improved to 18.7% compared to 17.3% last year.

Key Developments

1. Product Innovation: Royal Enfield launched the refreshed Hunter 350 with enhanced features.

2. International Expansion: The company launched the Classic 350 in Nepal through its local CKD facility, strengthening its presence in the SAARC region.

3. Employee Stock Options: The company issued 88,160 equity shares under employee stock option plans and granted 163,933 restricted stock units to eligible employees during the quarter.

4. Other Income: Other income included ₹217.60 crores dividend from joint venture VE Commercial Vehicles Limited.

Additional Financial Metrics

• Standalone net profit after tax rose to ₹1,306.49 crores compared to ₹1,088.02 crores in the same quarter last year.
• Standalone revenue from operations increased to ₹4,908.41 crores from ₹4,231.28 crores year-on-year.
• Basic earnings per share stood at ₹47.65 versus ₹39.72 in the previous year quarter.

Market Performance

While Eicher Motors reported strong overall results, some metrics were slightly below market estimates:

• EBITDA of ₹1,203.00 crores was slightly below the estimated ₹1,207.00 crores.
• EBITDA margin declined to 23.86% from 26.53% in the previous year, missing the 24% estimate.
• Consolidated net profit of ₹1,205.22 crores was marginally below the ₹1,208.00 crores estimate.

Despite these minor misses, the company's revenue of ₹5,041.84 crores exceeded the estimated ₹5,017.00 crores, demonstrating strong top-line growth.

Eicher Motors' focus on product innovation, global expansion, and operational efficiency positions it well for continued growth in the automotive sector. The company remains committed to long-term value creation through customer-centric innovation and meaningful brand experiences across its divisions.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.