Hero MotoCorp Reports Highest-Ever Revenue and PAT for Q2 and H1 FY’26
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has reported its highest ever Revenue and Profit After Tax (PAT) for both the second quarter (Q2 FY’26) and the first half (H1 FY’26) of the fiscal year.
Q2 FY’26: Key Financial Milestones
For the quarter spanning July to September 2025, the company demonstrated exceptional financial strength:
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- Revenue from Operations: Stood at ₹ 12,126 Crore, marking a 16% growth over the corresponding quarter in the previous fiscal year (vs ₹ 10,463 Crore).
- Net Profit After Tax (PAT): Reached ₹ 1,393 Crore, a 16% growth over the previous year.
- EBITDA: Reported at ₹ 1,823 Crore, reflecting a 20% growth.
- Volume: Hero MotoCorp sold 16.91 lakh units of motorcycles and scooters in Q2 FY’26.
This performance was supported by an expanded EBITDA margin of 15.0% for the quarter, an increase of 55 basis points (bps) over the previous year.
H1 FY’26 Performance
The strong Q2 performance contributed to record numbers for the first half of the fiscal year (April–September 2025):
- Revenue from Operations: Reported at ₹ 21,705 Crore, showing a 5% growth.
- Net Profit After Tax (PAT): Stood at ₹ 2,519 Crore, an 8% growth over the corresponding period in the previous year.
- Volume: Hero MotoCorp sold 30.58 lakh units in H1 FY’26.
Strategic Drivers and Market Share Gain
The strong financial results were driven by strategic successes and favorable market conditions:
- Market Share Gain: During the festive season (Onam until November 12, 2025), Hero MotoCorp’s ICE VAHAN registrations grew by 16.2%, outpacing the industry growth of 14.7%, resulting in a 40 bps market share gain. This growth was led by the Entry, Deluxe, and Scooter segments (including models like HF Deluxe Pro and Glamour X).
- Policy Boost: CFO Vivek Anand attributed the momentum to the simplification of India’s indirect tax structure (GST regime), which demonstrably improved consumer sentiment.
- Product Strategy: Growth was aided by new launches and portfolio refreshes in the 100cc to 125cc segments, including the HF Deluxe Pro, Glamour X, Destini 125, Xoom 160, and Xpulse 210.
Emerging Mobility and Global Expansion
Hero MotoCorp accelerated its focus on emerging mobility and international markets:
- EV Business (VIDA): The VIDA brand achieved its highest-ever EV business market share of 11.7% and reported strong festive traction. The brand also revealed its VIDA NOVUS portfolio and VIDA DIRT.E off-road electric motorcycle concepts at EICMA 2025.
- Global Growth: The Global Business segment achieved dispatch growth of 77% during the quarter—three times the industry growth rate—led by markets like Bangladesh, Nepal, Sri Lanka, and Colombia. The company also marked its entry into Europe and the UK markets with its Euro5+ compliant portfolio.
The company expects the growth momentum to continue, supported by macroeconomic parameters and a robust product portfolio, and will invest strategically in technology and global markets.
Frequently Asked Questions (FAQs)
What was Hero MotoCorp’s Revenue and PAT for Q2 FY’26? Hero MotoCorp reported its highest-ever quarterly Revenue of ₹12,126 Crore and PAT of ₹1,393 Crore for Q2 FY’26.
What was the Year-on-Year growth rate for Revenue and PAT in Q2 FY’26? Both Revenue and PAT registered a 16% growth over the corresponding quarter in the previous fiscal year.
What was the highest-ever EV business market share achieved by the VIDA brand? The VIDA brand achieved its highest-ever EV business market share of 11.7% in Q2 FY’26.
What was the dispatch growth rate for Hero MotoCorp’s Global Business? The Global Business segment reported a dispatch growth of 77%, which is three times the industry growth rate.
What major product strategy drove market share gain in the core segments? Market share gain was driven by a strengthened 100cc-125cc line-up, including the HF Deluxe Pro, Glamour X, and Xpulse 210.
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