Hero MotoCorp Raises Medium-Term Margin Guidance to 16-17%
HEROMOTOCO has raised its medium-term margin guidance to 16-17% from the earlier range of 14-16%, according to management comments in recent TV interviews and concalls.
The company stated that its primary focus will remain on EBITDA growth while targeting the higher margin band over the medium term. The upgraded outlook reflects confidence in operating efficiencies, cost optimisation measures and a favourable product mix, even as the two-wheeler major continues to invest in capacity expansion, brand building and its EV portfolio.
Top stocks in the two-wheeler industry: BAJAJ-AUTO , TVSMOTOR , and EICHERMOT
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