Hero MotoCorp rides into FY27 with 36 per cent revenue growth

MUMBAI: Hero seems to have found the fast lane—and this time it’s the balance sheet doing the overtaking. Strong demand across motorcycles, scooters and electric vehicles helped India’s largest two-wheeler maker accelerate into FY27 with robust growth in both sales and profitability.

Hero MotoCorp reported a 36 per cent year-on-year increase in standalone revenue to Rs 12,998.82 crore for the quarter ended 30 June 2026, while profit after tax (PAT) rose 29 per cent to Rs 1,454.48 crore, reflecting broad-based demand across its premium, commuter, scooter, electric mobility and global businesses.

The company sold 16.77 lakh motorcycles and scooters during the quarter, up from 13.67 lakh units a year earlier, marking a 23 per cent increase in volumes. Total income climbed to Rs 13,439.71 crore, while profit before tax improved to Rs 1,955.86 crore from Rs 1,487 crore in the corresponding quarter last year.

Growth came despite higher operating costs. Raw material consumption rose to Rs 9,222.18 crore from Rs 6,295.15 crore, while employee benefit expenses increased to Rs 699.11 crore. Total expenses climbed to Rs 11,483.85 crore, compared with Rs 8,395.53 crore in the year-ago quarter.

On a consolidated basis, Hero MotoCorp reported revenue from operations of Rs 13,126.35 crore, up 35 per cent year on year. Consolidated PAT stood at Rs 1,417.93 crore, lower than the Rs 1,705.65 crore reported a year ago, largely because the corresponding quarter of FY26 included a substantial one-time gain from the dilution of investments in associates following public and private share issuances.

Beyond the headline numbers, the company continued to strengthen newer growth engines. Its Parts, Accessories and Merchandising (PAM) business generated Rs 1,689 crore, up 30 per cent year on year, while electric mobility brand VIDA recorded 151 per cent growth. Hero’s international business expanded 63 per cent, and its Harley-Davidson business more than doubled with 105 per cent growth, supported by an expanded retail network of 21 dealerships across India.

The quarter also saw Hero unveil flex-fuel versions of the Splendor+ and HF Deluxe, reinforcing its push towards cleaner mobility. Scooter dispatches more than doubled to 1,93,058 units, while the company expanded its retail footprint with 70 new touchpoints, taking its premium Premia network to 132 outlets nationwide.

The results suggest Hero MotoCorp has entered FY27 with renewed momentum, balancing strong growth in its core commuter business with faster expansion in premium motorcycles, electric mobility and overseas markets as competition in India’s two-wheeler industry continues to intensify.