Hero MotoCorp Reports Record Q2 Revenue and Profit, Expands EV and Global Presence
Hero MotoCorp announced its Q2 FY'26 financial results, reporting record-breaking performance. The company achieved its highest-ever quarterly revenue of Rs. 12,126.00 crore, a 16% year-over-year increase. Profit After Tax rose to Rs. 1,393.00 crore, up 16%. EBITDA grew by 20% to Rs. 1,823.00 crore, with margin expansion of 55 basis points to 15.0%. The company outperformed the industry during the festive season, gaining market share. Hero MotoCorp's electric vehicle business, VIDA, reached its highest-ever market share of 11.7%. The company expanded globally, entering European and UK markets, and unveiled new electric mobility concepts at EICMA 2025. Key leadership changes include the appointment of Mr. Harshavardhan Chitale as the new CEO effective January 5, 2026.
*this image is generated using AI for illustrative purposes only.
Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and strategic expansions.
Record-Breaking Financial Performance
Hero MotoCorp reported its highest-ever quarterly revenue of Rs. 12,126.00 crore for Q2 FY'26, marking a 16% increase compared to the same period last year. The company's Profit After Tax (PAT) also saw a significant rise, reaching Rs. 1,393.00 crore, up 16% year-over-year.
Key Financial Highlights
| Metric | Q2 FY'26 | Growth (YoY) |
|---|---|---|
| Revenue | Rs. 12,126.00 Crore | 16% |
| EBITDA | Rs. 1,823.00 Crore | 20% |
| PAT | Rs. 1,393.00 Crore | 16% |
| Volume | 16.91 lakh units | 11.25% |
The EBITDA (Earnings Before Interest, Tax, Depreciation & Amortization) for Q2 FY'26 stood at Rs. 1,823.00 crore, representing a growth of 20% over the previous year. The EBITDA margin expanded by 55 basis points to 15.0%.
Market Share Gains and Festive Season Performance
During the festive season from August 23 to November 12, 2025, Hero MotoCorp outperformed the industry with a 16.2% growth in ICE VAHAN registrations, compared to the industry growth of 14.7%. This resulted in a 40 basis points market share gain, driven by strong performance in the Entry, Deluxe, and Scooter segments.
Electric Vehicle Business Acceleration
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 removable battery and Battery-as-a-Service (BaaS) to enhance accessibility and affordability.
Global Expansion and Product Innovation
Hero MotoCorp's Global Business saw significant growth, with dispatch growth of 77%, three times the industry average. The company expanded its presence in Bangladesh, Nepal, Sri Lanka, and Colombia. Notably, Hero MotoCorp marked its entry into European and UK markets with a Euro5+ compliant portfolio.
At EICMA 2025 in Milan, Italy, the company unveiled new electric mobility concepts under the VIDA NOVUS portfolio and introduced its off-road electric motorcycle series, VIDA DIRT.E.
Management Commentary
Vivek Anand, Chief Financial Officer (CFO) of Hero MotoCorp, attributed the strong performance to several factors, including the simplified GST regime, positive consumer sentiment, and the company's strategic initiatives. He stated, "Hero MotoCorp witnessed strong momentum, aided by the success of our new launches, expanding product portfolio, and customer-centric marketing campaigns."
Leadership Changes and Sustainability Initiatives
The company announced several key leadership appointments, including Mr. Harshavardhan Chitale as the new Chief Executive Officer, effective January 5, 2026. Hero MotoCorp also improved its Dow Jones Sustainability Index (DJSI) score to 75 in FY25, up from 69 in FY24, reflecting its commitment to sustainable business growth.
As Hero MotoCorp continues to strengthen its position in the two-wheeler market, both domestically and globally, the company remains focused on innovation, sustainability, and strategic expansion to drive long-term value for its shareholders.
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