$EICHERMOT Eicher Motors reported strong Q4 FY26 results

Eicher Motors reported strong Q4 FY26 results with a 12 % rise in net profit to ₹1,520 crore and 16 % revenue growth to ₹6,080 crore, driven by record Royal Enfield sales and robust commercial‑vehicle performance. The board declared a final dividend of ₹82 per share, marking its highest annual payout to date. 📊 Financial Highlights (Q4 FY26) Metric Q4 FY26 Q4 FY25 Growth (%) Revenue from Operations ₹6,080 crore ₹5,241 crore +16 % Net Profit (PAT) ₹1,520 crore ₹1,362 crore +12 % EBITDA ₹1,514 crore ₹1,258 crore +20 % EBITDA Margin 24.9 % 24 % +90 bps Dividend Declared ₹82 per share (final) ₹82 per share (previous year) — 🏍️ Business Performance Royal Enfield: Achieved record annual sales of 1.23 million units, up 22 % YoY. Domestic sales: 1.11 million (+23 %). Exports: 1.20 lakh (+20 %). Strong demand for Hunter 350, Himalayan, and Meteor models. VE Commercial Vehicles (VECV): Sales up 18 % YoY to 33,976 units. Revenue contribution rose sharply, supporting consolidated profitability. Full‑Year FY26: Revenue: ₹23,408 crore (+24 %). PAT: ₹5,515 crore (+17 %). Operating Cash Flow: Improved significantly YoY. ⚙️ Strategic Updates Capacity Expansion: ₹958 crore brownfield project at Cheyyar (Tamil Nadu) to raise annual production capacity to 20 lakh units. Electric Mobility: Launch of the Flying Flea C6 platform, marking Royal Enfield’s entry into EV segment. Global Growth: Deeper presence in Brazil and other international markets; focus on premium mid‑sized motorcycles. VECV Investment: ₹3,400 crore planned for new product lines and technology upgrades. 💡 Analyst View & Outlook Positive Momentum: Strong domestic motorcycle demand and export traction expected to continue in FY27. Margin Support: Operational efficiency and premium product mix to sustain EBITDA above 24 %. Watch Factors: Commodity cost trends, EV transition execution, and global macroeconomic conditions.