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Eicher Motors
Eicher Motors (EICHERMOT) investor relations material
Eicher Motors Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary10 Feb, 2026
Executive summary
Q3 FY26 saw robust growth with consolidated revenue up 22.9% year-over-year and total volumes up 21.1%, driven by strong festive demand, new product launches, and community engagement initiatives.
Royal Enfield celebrated its 125th year, achieved over 1 million motorcycles sold YTD, and maintained leadership in the mid-size motorcycle segment in India with 88-88.9% market share.
VE Commercial Vehicles delivered its best-ever Q3, supported by favorable macroeconomic conditions, infrastructure investments, and strong export growth.
International and allied business segments delivered robust revenue growth, with expansion in Brazil, Argentina, Thailand, Indonesia, Korea, and new product launches.
The Board approved Q3 FY26 results on February 10, 2026, with auditors issuing an unmodified review conclusion.
Financial highlights
Q3 FY26 consolidated revenue reached ₹6,114 crore, up 22.9% year-over-year; EBITDA grew 29.6% to ₹1,557 crore; PAT rose 21.4% to ₹1,421 crore.
Royal Enfield sold 325,773 motorcycles in Q3, a 21% increase year-over-year; domestic sales grew 24%.
VECV Q3 revenue was ₹7,019 crore (up from ₹5,801 crore), EBITDA ₹652 crore, and PAT ₹338 crore.
9MFY26 two-wheeler sales were 914,166 units, with revenue of ₹17,327.5 crore.
Basic EPS for Q3 FY26 was ₹51.79, up from ₹42.70 in Q3 FY25.
Outlook and guidance
Management expects growth momentum to continue in Q4, with positive trends in inquiries, bookings, and conversions.
Strategic focus on balancing growth and profitability, expanding EV and ICE portfolios, and enhancing sustainability.
Industry growth for next year is projected at high single digits, with the premium segment expected to outpace the market.
International markets are expected to see cautious, market-by-market growth, with calibration in Europe and expansion in Brazil and other key regions.
The Group continues to monitor regulatory changes, including new labour codes and environmental rules, and will adjust accounting as frameworks are clarified.
RE 2M capacity: key demand drivers
VECV bus segment: plans to regain share
RE exports: US/EU trade deal tariff impact
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Next Eicher Motors earnings date
Q4 25/268 May, 2026
Eicher Motors
Next Eicher Motors earnings date
Q4 25/268 May, 2026
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Frequently asked questions
Eicher Motors Limited is an automobile company based in Gurgaon, India. It manufactures and sells motorcycles and commercial vehicles in India, Bangladesh, Kenya and Uganda. Eicher Motors Limited operates under two business segments: the two wheeler business segment that manufactures and sells products under brands like BSA, Hero, Duke and Splendid; and the light commercial vehicle segment that specializes in manufacturing trucks primarily for the Indian market.
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