HEROMOTOCO

Hero MotoCorp posted 8% YoY revenue growth in Q1 FY26 as premium launches gained traction. The company’s EV rollout under the Vida brand continues to scale. Rural recovery and festive demand should support volumes in coming quarters. Margins at 14% remain healthy. At ~20x FY26 EPS, valuations are fair. Hero MotoCorp remains a key play on two-wheeler revival and EV adoption.