Hero MotoCorp Q2 PAT jumps 42% YoY
Net sales increased 22.52% year on year to Rs 14,970.50 crore from Rs 12,218.39 crore. Revenue rose 14.05% quarter on quarter from Rs 13,126.35 crore in Q1 FY27.
Profit before tax stood at Rs 2,361.39 crore in Q2 FY27, up 22.94% vs previous quarter and 32.90% vs year-ago quarter.
Total expenditure increased 25% year on year to Rs 13,205.26 crore from Rs 10,564.62 crore. Raw material costs rose 26.27% to Rs 10,186.65 crore, while employee expenses increased 11.54% to Rs 809.21 crore. Interest costs rose 18.08% to Rs 22.73 crore, and depreciation increased 10.22% to Rs 231.76 crore.
During the quarter, Hero MotoCorp sold 18.68 lakh motorcycles and scooters, registering 10% year-on-year growth. Its Parts, Accessories and Merchandising business grew 27% to Rs 1,941 crore.
The scooter portfolio expanded 47% to 2.40 lakh units. ICE scooter dispatches from the Destini and Xoom series rose 50% year on year to 1.37 lakh units. VIDA recorded 76% year-on-year retail growth to 66,531 units.
Chief executive officer Harshavardhan Chitale said scooters were a key growth contributor, supported by momentum across the internal combustion engine and VIDA electric portfolios. He added that the 100cc motorcycle segment continued to contribute to overall growth, with the company focused on sustaining momentum, profitable growth and business diversification.
Hero MotoCorp expanded its global footprint by entering Germany, its 54th market, and launched the XPulse 200 4V and XPulse 200 4V Pro in Bangladesh. The Harley-Davidson business recorded 30% sequential growth and 19% year-on-year growth in H1. In September 2026, the company crossed 50,000 Harley-Davidson X440 and X440T riders in India.
Hero MotoCorp, headquartered in New Delhi, is a leading two-wheeler manufacturer with annual revenue of approximately US$5 billion and a customer base exceeding 130 million. It operates eight manufacturing facilities across India, Colombia and Bangladesh, supported by two R&D centres in India and Germany. The company is expanding its electric mobility portfolio through VIDA and has strategic partnerships with Harley-Davidson and Zero Motorcycles, alongside investments in Ather Energy and Euler Motors. Its global presence spans Asia, Africa, Europe, and Central and Latin America.
Shares of Hero MotoCorp fell 0.30% to Rs 5284.30 on the BSE.
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