Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, delivered a strong performance in FY26, powered by robust volume growth, premiumisation, and expanding global presence.
The company reported a 30% year-on-year jump in net profit for the March quarter at ₹1,401 crore, compared to ₹1,081 crore in the same period last year. Revenue from operations surged 29% to ₹12,797 crore, reflecting healthy demand momentum across segments.Volumes for the quarter stood at 17.14 lakh units, marking a 24% growth over the year-ago period. Operational performance remained strong, with EBITDA rising 31% to ₹1,856 crore.
FY26: consistent growth across metrics
For the full year, Hero MotoCorp reported revenue from operations of ₹46,830 crore, up 15% from ₹40,756 crore in FY25. Net profit grew 14% to ₹5,268 crore, while EBITDA climbed 17% to ₹6,871 crore.
Annual volumes came in at 64.69 lakh units, registering a 10% increase, underscoring steady demand recovery and market share gains.
Core strength meets premium ambition
The company’s performance was anchored by sustained strength in its core internal combustion engine (ICE) portfolio, alongside an accelerating push into premium motorcycles and electric vehicles. Growth was broad-based across the 100cc–125cc segment, scooters, and premium bikes, supported by successful product refreshes and a record festive season.
Global business hits new highs
Hero MotoCorp’s global business scaled new heights in FY26, clocking a 40% year-on-year growth. The company expanded its footprint to 52 countries, entering new markets in Europe and the United Kingdom—signalling its ambitions to evolve into a truly global mobility brand.
Harley-Davidson partnership gains momentum
The company’s partnership with Harley-Davidson continued to gather pace, with dispatch volumes growing 26% YoY. The performance was driven by the launch of the X440 range, targeted brand campaigns, and network expansion from over 100 touchpoints in FY25 to more than 150 in FY26, enhancing customer reach and experience.
Eye on future mobility
CEO Harshavaradhan Chitale described FY26 as a “defining chapter” for the company, highlighting its continued leadership and strategic shift towards premiumisation and electrification.
With supportive government policies, improving consumer sentiment, and a clear shift towards sustainable mobility, Hero MotoCorp is positioning itself for the next phase of growth in FY27.
Shareholder returns
The board declared a final dividend of ₹75 per equity share. Including the interim dividend of ₹110 per share, the total dividend for FY26 stands at ₹185 per share, translating into a payout of 9250%.