Eicher Motors Posts 8% Profit Growth In Q2

Eicher Motors reported an 8 per cent year-on-year increase in consolidated net profit to Rs 1,100 crore for the September quarter, surpassing Bloomberg’s estimated profit of Rs 1,086 crore. The growth in profit came despite a slight drop in motorcycle volumes, with overall revenues also rising.

Eicher Motors’ revenue from operations increased by 4 per cent to Rs 4,186 crore, slightly below Bloomberg’s estimate of Rs 4,414 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) remained steady at Rs 1,088 crore, maintaining an EBITDA margin of 25.5 per cent, a decrease of 90 basis points from the previous year. The company’s motorcycle volumes dropped by 2 per cent to 225,317 units, while the truck and bus segment registered a 6 per cent increase to 20,774 units. International sales for its Royal Enfield division grew by 11 per cent year-on-year, reaching 21,715 units and making up 10 per cent of the brand’s total two-wheeler sales.

Eicher Motors CFO Vidya Srinivasan noted that Royal Enfield has held steady on pricing without any increases since the previous year. B Govindarajan, CEO of Royal Enfield, talked about successful introductions in the quarter, including the Guerrilla 450 and an updated Classic 350, which saw strong market responses. Royal Enfield also expanded its international presence by establishing a new manufacturing and assembly unit in Bangladesh, dedicated to local production of the Hunter 350, Meteor 350, Classic 350 and Bullet 350 models. Plans are also underway for a second assembly facility in Brazil, following the completely knocked down (CKD) model.

Royal Enfield has also hinted its move into electric mobility with the upcoming Flying Flea EV brand, scheduled for release in 2026. Earlier this month, it introduced two new models—the Bear 650 and Classic 650—adding to its expanding product lineup as part of its ongoing growth strategy in the two-wheeler market.