Eicher Motors (EICHERMOT) investor relations material

Executive summary

• Achieved record Q1 FY27 performance with consolidated revenue of ₹6,632.42 crore, up 31.5% year-over-year, and highest-ever quarterly sales for both Royal Enfield and VECV, signaling strong growth momentum.

• Royal Enfield maintained leadership in India's mid-size motorcycle segment with 85% market share and expanded its portfolio with the Bullet 650 and Flying Flea C6 electric motorcycle.

• VECV delivered 14.8% YoY volume growth, record sales across segments, and entered the small commercial vehicle segment.

• International business expanded robustly, with Royal Enfield ranked as the third strongest automobile brand globally and international revenue crossing ₹1,000 crore for the first time.

• Standalone revenue reached ₹6,213.61 crore and standalone net profit stood at ₹1,506.62 crore.

Financial highlights

• Q1 FY27 consolidated revenue: ₹6,632.42 crore (+31.5% YoY); EBITDA: ₹1,591 crore (+32.2% YoY); PAT: ₹1,463 crore (+21.3% YoY); basic EPS: ₹53.30.

• VECV Q1 FY27 revenue: ₹6,610 crore (+16.6% YoY); EBITDA: ₹541 crore (margin 8.4%); PAT: ₹300 crore.

• Standalone profit before tax was ₹1,968.04 crore, up from ₹1,697.39 crore in Q1 FY26.

• Dividend per share for FY26: ₹82, subject to shareholder approval.

• Market capitalization reached ₹1,942 billion as of June 2026.

Outlook and guidance

• Management remains optimistic for FY 2027, citing strong demand, lean inventory (10-12 days at dealer level), and production ramp-up for festive demand.

• Strategic focus on balancing ICE and EV products, growth, profitability, and sustainability.

• International business expected to sustain growth, with deep investments in subsidiaries and CKD plants.

• Continued investment in R&D and expansion of manufacturing capacity, including new all-women-operated facility.

• Monitoring impact of new End-of-Life Vehicle (ELV) rules, with financial obligations yet to be determined.