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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Eicher Motors
Eicher Motors (EICHERMOT) investor relations material
Eicher Motors Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 26/27 earnings summary29 Jul, 2026
Executive summary
Achieved record Q1 consolidated revenue of ₹6,632.42 crore, up 32% year-over-year, with both Royal Enfield and VECV posting their highest-ever Q1 sales and volumes up 27.4%.
EBITDA reached ₹1,591 crore, and PAT rose 21% to ₹1,463 crore, including ₹168 crore share of profits from VECV.
Royal Enfield maintained leadership in India's mid-size motorcycle segment with 85% market share and launched its first electric motorcycle, Flying Flea C6, along with the Bullet 650.
VECV delivered 24,815 units, up 14.8% year-over-year, and sustained leadership in light- and medium-duty trucks.
International business expanded robustly, with Royal Enfield ranked as the third strongest automobile brand globally.
Financial highlights
Q1 consolidated revenue: ₹6,632.42 crore (+32% YoY); EBITDA: ₹1,591 crore (+32.2% YoY); PAT: ₹1,463 crore (+21.3% YoY).
Royal Enfield Q1 sales: 332,940 motorcycles (+27% YoY); India sales: 301,174; global sales: 31,766.
VECV Q1 revenue: ₹6,610 crore (+16.6% YoY); EBITDA: ₹541 crore; PAT: ₹300 crore.
International business revenue crossed ₹1,000 crore for the first time, now 15% of total revenue.
Basic EPS (consolidated) for the quarter was ₹53.30, up from ₹43.95 year-over-year.
Outlook and guidance
Strong demand momentum continues, with bookings, inquiries, and walk-ins all growing faster than volumes.
Inventory levels remain lean at 10-12 days at dealers, with plans to ramp up production and direct billing to meet festive demand.
Strategic focus on balancing ICE and EV products, growth and profitability, and sustainability.
The company is monitoring the impact of new End-of-Life Vehicle (ELV) rules, with financial obligations yet to be determined pending regulatory clarity.
Confident in sustaining growth despite higher base and macro uncertainties, supported by new launches and marketing initiatives.
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Latest events from Eicher Motors
- Record revenue, profit, and sales growth, with capacity expansion and new Volvo JV.EICHERMOT
Q4 25/26 - Q3 FY26 saw double-digit revenue and profit growth, record sales, and major expansion plans.EICHERMOTQ3 25/26
- Record Q2 revenue and profit, led by festive demand, new launches, and market leadership.EICHERMOTQ2 25/26
- Q1 FY26 saw record revenue, profit growth, and robust international expansion.EICHERMOTQ1 25/26
- Record Q2 and H1 FY25 revenue and profit growth, led by festive sales and global expansion.EICHERMOTQ2 24/25
- Record Q1 revenue, profit, and margin gains driven by strong sales and new product launches.EICHERMOTQ1 24/25
- FY25 net profit reached Rs. 4,734 crore with record sales and a Rs. 70 per share dividend proposed.EICHERMOTQ4 24/25
- Record sales, profit growth, and new EV launches drive robust Q3 net profit of ₹1,170.50 crore.EICHERMOTQ3 24/25
Next Eicher Motors earnings date
Q2 26/2713 Nov, 2026
Eicher Motors
Next Eicher Motors earnings date
Q2 26/2713 Nov, 2026
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Frequently asked questions
Eicher Motors Limited is an automobile company based in Gurgaon, India. It manufactures and sells motorcycles and commercial vehicles in India, Bangladesh, Kenya and Uganda. Eicher Motors Limited operates under two business segments: the two wheeler business segment that manufactures and sells products under brands like BSA, Hero, Duke and Splendid; and the light commercial vehicle segment that specializes in manufacturing trucks primarily for the Indian market.