Eicher Motors Q2 Results: Profit rises 15% YoY to Rs 1,573 crore, revenue jumps 20%

Eicher Motors on Friday reported a 15% YoY rise in consolidated net profit to Rs 1,573 crore for the quarter ended September 2026, compared with Rs 1,369 crore in the corresponding quarter last year, driven by strong sales at Royal Enfield and its commercial vehicle joint venture.

The Royal Enfield maker reported its highest-ever quarterly revenue from operations at Rs 7,422 crore, up 20% from the year-ago period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 16% to a record Rs 1,760 crore, compared with Rs 1,512 crore in the same quarter of the previous financial year.


However, the company's EBITDA margin declined to 23.71% from 24.45% a year earlier, a contraction of 74 basis points.

Royal Enfield recorded its highest-ever quarterly motorcycle sales of 3,76,722 units, an increase of 15% from 3,27,067 units sold in the September quarter last year.

"Q2 has been the best-ever quarter for Eicher Motors, with both Royal Enfield and VECV delivering solid performances," said B Govindarajan, MD of Eicher Motors and CEO of Royal Enfield. He said strong demand across domestic and key international markets helped Royal Enfield achieve record quarterly sales, supported by new products and growing customer interest.

The company launched the Himalayan 440 during the quarter and introduced the Classic 350 Gorkha Edition alongside updates to its existing motorcycle portfolio.

Govindarajan said the company's focus would remain on scaling up production to ensure sufficient inventory and strengthening customer engagement across global markets.

VE Commercial Vehicles (VECV), Eicher Motors' joint venture with Sweden's Volvo Group, reported its best-ever second-quarter vehicle sales of 28,071 units, up 28.2% from 21,901 units in the year-ago period.

VECV's revenue from operations rose 24% to Rs 7,569 crore from Rs 6,106 crore, while EBITDA increased 23% to Rs 588 crore from Rs 479 crore.

The commercial vehicle business reported a profit after tax of Rs 342 crore, up 37% from Rs 249 crore in the corresponding quarter last year. B Srinivas, MD and CEO of VECV, said the company delivered strong growth despite supply chain challenges and inflationary pressures linked to the West Asian crisis.

The company also reported growing demand for its engineering components and power solutions businesses, while its recently launched Pro X commercial vehicle crossed 5,000 cumulative sales.

Royal Enfield also expanded the international presence of its electric motorcycle brand Flying Flea during the quarter. The company launched its Flying Flea C6 electric motorcycle in five European cities -- Paris, Barcelona, Rome, Berlin and London.

In India, Flying Flea expanded its presence in Bengaluru with 10 sales and service centres. Royal Enfield also introduced new motorcycles and variants across international markets, including the Philippines, Cambodia, Thailand and Brazil.

The company said it would continue investing in new products, manufacturing capacity and international expansion to support demand for its motorcycles.