Hero MotoCorp Reports Record Q2 Revenue and Profit, Maintains FY26 Growth Outlook

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, coupled with its expansion in the electric vehicle (EV) segment and global markets, signals a robust growth trajectory.

Financial Highlights

For Q2 FY'26 (July-September 2025), Hero MotoCorp achieved the following:

Metric	Value	Year-over-Year Change
Revenue from operations	Rs. 12,126.00 Crore	16% increase
Net Profit After Tax (PAT)	Rs. 1,393.00 Crore	16% increase
EBITDA	Rs. 1,823.00 Crore	20% growth
Volume	16.91 lakh units	-

The company's half-yearly results for H1 FY'26 (April-September 2025) were equally impressive:

Metric	Value	Year-over-Year Change
Revenue from operations	Rs. 21,705.00 Crore	5% increase
Net Profit After Tax (PAT)	Rs. 2,519.00 Crore	8% increase
EBITDA	Rs. 3,205.00 Crore	8% growth
Volume	30.58 lakh units	-

Market Performance and Product Strategy

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.

The company strengthened its 100cc-125cc lineup with new launches and refreshes, including:

HF Deluxe Pro
Glamour X
Destini 125
Destini 110
Xoom 160
Xpulse 210

The HF Deluxe Pro led gains in the Entry segment, while Passion, Splendor, and Glamor X drove growth in the 100cc-125cc Deluxe segment.

Electric Vehicle Business

At EICMA 2025 in Milan, Italy, Hero MotoCorp unveiled new electric mobility concepts under the VIDA NOVUS portfolio and announced the launch of the VIDA VX2 in Europe.

Global Expansion

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

Leadership and Sustainability

The company announced several key leadership appointments, including Mr. Harshavardhan Chitale as the new CEO, effective January 5, 2026. Hero MotoCorp also improved its Dow Jones Sustainability Index (DJSI) score to 75 in FY25 from 69 in FY24, reflecting its commitment to sustainable business growth.

Vivek Anand, Chief Financial Officer (CFO) of Hero MotoCorp, commented on the results, stating, "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."

FY26 Growth Outlook

Hero MotoCorp confirmed it will maintain its growth outlook for FY26 within the current range. The company expects two-wheeler sales to increase by 8-10% from October to March. For the full fiscal year 2026, Hero MotoCorp projects sales growth at 5-6%, indicating steady expansion in the two-wheeler segment.

With its strong financial performance, expanding EV business, global market presence, and positive growth projections, Hero MotoCorp appears well-positioned for continued growth in the two-wheeler market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.64%	+5.72%	+0.49%	+37.66%	+21.61%	+79.70%

Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, has reported its highest-ever quarterly revenue and profit after tax (PAT) for Q2, demonstrating robust growth across various segments. The company's performance highlights its strong market position and successful expansion strategies in both domestic and international markets.

Financial Highlights

Hero MotoCorp reported impressive financial results for the second quarter:

Metric	Q2	Growth (YoY)
Revenue	Rs. 12,126 Crore	16%
PAT	Rs. 1,393 Crore	16%
EBITDA	Rs. 1,823 Crore	20%
Volume	16.91 lakh units	11.25%

The company's EBITDA margin expanded by 55 basis points compared to the previous year, standing at 15.0% for Q2.

Market Performance and Product Strategy

During the festive season from August 23 to November 12, 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.

The company strengthened its 100cc-125cc lineup with new launches and portfolio refreshes, including the HF Deluxe Pro, Glamour X, Destini 125, Destini 110, Xoom 160, and Xpulse 210. The HF Deluxe Pro led gains in the Entry segment, while Passion, Splendor, and Glamor X drove growth 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 removable battery and Battery-as-a-Service (BaaS) to improve accessibility and affordability. At EICMA in Milan, Italy, Hero MotoCorp unveiled new electric mobility concepts under the VIDA NOVUS portfolio and announced the launch of VIDA VX2 in Europe.

Global Expansion

Leadership Changes and Corporate Updates

The company announced several key leadership appointments:

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

Additionally, the Board of Directors approved an additional investment of up to Rs. 170 crore towards setting up Global Part Center (GPC) 2.0 at Tirupati, Andhra Pradesh, with commercial operations expected to commence during FY 2027-28.

The company also announced the resignation of Mr. Dhiraj Kapoor, Company Secretary & Compliance Officer, effective November 14.

Outlook

Vivek Anand, Chief Financial Officer (CFO) of Hero MotoCorp, expressed optimism about the company's future growth prospects. He attributed the strong performance to the simplified GST regime, positive consumer sentiment, and the company's successful product launches and marketing campaigns. Anand stated that Hero MotoCorp expects the growth momentum to continue, supported by GST reforms, healthy macroeconomic parameters, and a robust product portfolio.

As Hero MotoCorp continues to invest in technology, global markets, and product innovation, it aims to build long-term value for its shareholders while maintaining its leadership position in the two-wheeler market.

Sustainability Initiatives

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. Additionally, Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, was recognized in the TIME100 Climate list for his leadership in driving business climate action.

With its strong financial performance, market leadership, and focus on innovation and sustainability, Hero MotoCorp appears well-positioned to capitalize on the growing demand in both domestic and international markets.