Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcripts of the earnings conference call held on ....
HEROMOTOCO · price
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Hero MotoCorp delivered its highest ever quarterly revenue of Rs 12,797 crore (29% YoY) in Q4 FY'26, with EBITDA at Rs 1,856 crore (31% YoY) and PAT at Rs 1,401 crore (30% YoY). Full year FY'26 revenue stood at Rs 46,830 crore (15% growth), EBITDA at Rs 6,871 crore (17% growth), and PAT at Rs 5,268 crore (14% growth). ICE business EBITDA margin expanded 100 bps to 17% in Q4, while overall margin improved 30 bps to 14.5% after EV investments. Management expects high single-digit industry growth for FY'27 and plans to outgrow the market. Commodity headwinds (high single-digit BOM cost increase) are partially offset by 2% price hikes and accelerated cost savings. The company committed Rs 1,500 crore capex for FY'27 to double scooter and EV capacity.
Strong operational performance with margin expansion despite EV investments. Short-term commodity headwinds expected to be transitional; medium-term guidance of 14%-16% maintained. Capacity expansion and new launches planned to drive growth ahead of industry.