Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, has reported its highest-ever revenue and profit after tax (PAT) for the second quarter of fiscal year 2026. The company's strong performance was driven by increased sales volume, market share gains, and growth in its electric vehicle (EV) and global businesses.

Financial Highlights

For Q2 FY'26 (July-September 2025), Hero MotoCorp reported:

• Revenue from operations of Rs. 12,126.00 crore, a 16% increase year-over-year
• Net Profit After Tax (PAT) of Rs. 1,393.00 crore, up 16% from the previous year
• EBITDA of Rs. 1,823.00 crore, representing a 20% growth
• Total sales volume of 16.91 lakh units of motorcycles and scooters

For H1 FY'26 (April-September 2025), the company achieved:

• Revenue from operations of Rs. 21,705.00 crore, a 5% year-over-year increase
• PAT of Rs. 2,519.00 crore, up 8% from the previous year
• EBITDA of Rs. 3,205.00 crore, an 8% growth
• Total sales volume of 30.58 lakh units

The consolidated revenue and PAT for Q2 FY'26 stood at Rs. 12,218.00 crore and Rs. 1,321.00 crore, respectively. For H1 FY'26, these figures were Rs. 21,946.00 crore and Rs. 3,027.00 crore.

Market Performance and Product Strategy

Hero MotoCorp outperformed the industry during the festive season, with ICE VAHAN registrations growing at 16.2% compared to the industry growth of 14.7%. This resulted in a 40 bps market share gain, supported by strong performance in the Entry, Deluxe, and Scooter segments.

The company strengthened its 100cc-125cc lineup with new launches and refreshes, including the HF Deluxe Pro, Glamour X, Destini 125, Destini 110, Xoom 160, and Xpulse 210. Market gains were primarily driven by the HF Deluxe Pro in the Entry segment and by Passion, Splendor, and Glamor X in the 100cc-125cc Deluxe segment.

Electric Vehicle Business

VIDA, Hero MotoCorp's Emerging Mobility business, achieved its highest-ever EV business market share of 11.7%, led by the VIDA VX2 EVOOTER. The company launched the VX2 EVOOTER with a removable battery and Battery-as-a-Service (BaaS) to improve accessibility and affordability.

At EICMA 2025 in Milan, Italy, Hero MotoCorp unveiled new electric mobility concepts under the VIDA NOVUS portfolio and showcased its off-road electric motorcycle series, VIDA DIRT.E. The company also announced the launch of the VIDA VX2 in Europe.

Global Expansion

Hero MotoCorp's Global Business saw significant growth, with dispatch growth of 77%, three times the industry average. This growth was led by strong performance in Bangladesh, Nepal, Sri Lanka, and Colombia. The company also marked its entry into Europe and the UK markets with a Euro5+ compliant portfolio.

Leadership Appointments and Corporate Updates

The company made several key leadership appointments, including:

• Mr. Harshavardhan Chitale as the new Chief Executive Officer (CEO), effective January 5, 2026
• Ms. Kausalya Nandakumar as Chief Business Officer – Emerging Mobility Business Unit (EMBU), effective July 10, 2025
• Ms. Latika Taneja as Head of Corporate Communications, Corporate Affairs, and Corporate Social Responsibility (CSR), effective August 19, 2025
• Ms. Madhuri Mehta as Chief Human Resources Officer (CHRO), effective October 1, 2025

Additionally, the Board of Directors approved an investment of up to Rs. 170.00 crore towards setting up Global Part Center (GPC) 2.0 at Tirupati, Andhra Pradesh. Commercial operations at GPC 2.0 are expected to commence during FY 2027-28.

The company's Company Secretary & Compliance Officer, Mr. Dhiraj Kapoor, has tendered his resignation, effective November 14, 2025, to pursue opportunities outside the organization.

Sustainability and Recognition

Hero MotoCorp's commitment to sustainability was reflected in its improved Dow Jones Sustainability Index (DJSI) score, which increased to 75 in FY25 from 69 in FY24. Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, was recognized in the 2025 TIME100 Climate list for his leadership in driving business climate action.

Commenting on the results, Vivek Anand, Chief Financial Officer (CFO) of 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."

He added, "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."

As Hero MotoCorp continues to strengthen its position in the two-wheeler market and expand its presence in the EV segment, the company appears well-positioned for future growth and innovation in the automotive industry.

Hero MotoCorp , India's leading two-wheeler manufacturer, has recently executed a significant block trade on the National Stock Exchange (NSE). The transaction, valued at Rs. 100.30 crores, involved approximately 180,687 shares changing hands at a price of Rs. 5,551.00 per share.

Block Trade Details

This block trade represents a substantial transaction in Hero MotoCorp's shares, potentially indicating significant investor interest or a strategic move by a large shareholder.

Recent Corporate Actions

In addition to this block trade, Hero MotoCorp has recently made several corporate announcements that may be of interest to investors:

1. Employee Stock Options: The company's Nomination & Remuneration Committee (NRC) has allotted 13,752 equity shares (face value Rs. 2.00 each) to eligible employees under its Employee Incentive Scheme 2014.

2. Increase in Paid-up Capital: Following this allotment, Hero MotoCorp's paid-up share capital has increased to Rs. 40,01,63,224, divided into 20,00,81,612 equity shares of Rs. 2.00 face value each.

3. New Stock Units Granted: The NRC has approved the grant of:

   • 820 Restricted Stock Units (RSUs) at face value of Rs. 2.00 per unit
   • 1,843 Performance Restricted Stock Units (PRSUs) at face value of Rs. 2.00 per unit

Implications for Investors

The block trade and recent corporate actions suggest ongoing activity in Hero MotoCorp's equity. While the block trade might indicate a significant change in ownership or investment strategy by a large stakeholder, the employee stock options and new stock units granted reflect the company's focus on employee incentivization and retention.

Investors should note that these developments may have implications for the company's stock price and trading volume in the short term. However, it's important to consider these events in the context of the company's overall financial performance and market position when making investment decisions.

As always, investors are advised to conduct their own research and consider their individual financial goals and risk tolerance before making any investment decisions.