EICHERMOT

Eicher Motors posted 12% YoY revenue growth in Q1 FY26, driven by Royal Enfield’s strong domestic sales and international expansion. The Hunter and Himalayan models continue to attract younger riders. Margins at 23% reflect strong cost control. Valuations at ~27x FY26 EPS look justified given brand strength and consistent growth. Eicher remains a strong play on premiumization in two-wheelers and India’s leisure biking trend.