Conference Call with Eicher Motors Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
2/3 Wheelers company Eicher Motors announced Q2FY26 results Revenue from operations surged 45% to Rs 6,172 crore in Q2FY25. EBITDA grew 39% to Rs 1,512 crore. Profit After Tax rose 25% to Rs 1,369 crore from Rs 1,100 crore last year. Royal Enfield also recorded its highest-ever quarterly sales volume of 3,27,067 motorcycles, up 45% from 2,25,317 motorcycles sold during Q2FY25. Govindarajan, Managing Director, Eicher Motors, &Chief; Executive Officer, Royal Enfield, said: “This has been a truly encouraging quarter for Eicher Motors, as we recorded strong performance across the board for both Royal Enfield and VECV. At Royal Enfield, we have continued to deliver steady growth in volumes while further strengthening our growth story quarter after quarter. We witnessed an outstanding festive season, achieving record sales of 2.49 lakh units. The Government of India’s GST reform has further enhanced accessibility for motorcycles under 350cc, as reflected in the strong customer demand. At EICMA, this year, we marked a significant milestone in Royal Enfield’s legacy as we entered our 125th year of Pure Motorcycling, a legacy that is built on authenticity, craftsmanship, and an unwavering pursuit of timeless design. From crafting the world’s first production motorcycle in 1901 to becoming a global symbol of pure motorcycling, Royal Enfield’s journey has been one of evolution anchored in heritage. Our showcase at EICMA this year reflected a perfect blend of past, present, and future; ranging from the special edition of our most iconic motorcycle – the Classic 650 to a bigger and bolder Bullet 650, to pushing the boundaries of urban exploration with the Flying Flea S6. VECV, too, has continued to show steady growth, supported by a robust product portfolio and a deep understanding of India’s changing commercial mobility landscape. Our ongoing focus on developing sustainable and efficient transport solutions positions us strongly for the future. As we progress, our dedication to long-term value creation remains firm, driven by customer-centric innovation, global aspirations, and meaningful brand experiences at every level.” Vinod Aggarwal, MD & CEO, VECV & Vice Chairman, Eicher Motors, said: “VECV delivered a solid performance in Q2FY26, growing by 5.4% YoY and registering our best ever second quarter in terms of truck and bus deliveries. Eicher retained its position as the market leader in Light and Medium Duty Trucks (5-18.5 T GVW), while delivering 10,096 units in the quarter. We continue to make steady progress in the Heavy-Duty trucks segment, recording our best-ever second-quarter deliveries and a market share of 10.5% during the period. Reflecting our expanding Dealer Network and focus on Customer Service and Uptime, spare parts sales grew 11.8% quarter-on-quarter. Volvo Trucks and Buses continue to dominate their respective segments. During the quarter, we launched the Eicher Pro Plus range of medium-duty trucks with air-conditioned cabs to conform to legal mandates. Equipped with a unique fuel-efficient compressor technology, these trucks were launched with improvements to loading capacity to deliver a win-win for both operators and drivers. Profit After Tax for the quarter improved to Rs 249.3 crore, a growth of 19.7% over the corresponding period last year. GST rationalization has had a positive impact on consumer confidence and consumption. This will in turn support demand for commercial vehicles in the coming period.” Result PDF
