Consolidated revenue increased 19.5% YoY to Rs. 2,809cr in Q3FY21 (+33.0% QoQ), with increased sales volume. Launch of Classic' in 2009 was an Inflection point for Royal Enfield, with that volumes grew by 32.0% CAGR during the period CY2010 to FY2020. However market share in India marginally declined to 25.0% in 9MFY21 (vs. 25.6% in 9MFY20). As of December 31st 2020, company has 989 large size stores and 900 studios stores across 1,550 cities in India. The recently launched Meteor 350 fetch positive response and the management expect similar response for all-new classic 350. Margin contraction with surge in commodity prices...