HEROMOTOCO Hero Motocorp Q1 FY27 results (Apr–Jun 2026) and concall
Hero MotoCorp delivered a strong Q1 FY27 with revenue growing 36% and volumes up 23% YoY, driven by robust performance in EV (151% growth) and ICE scooters. Despite a 300 bps QoQ gross margin contraction due to commodity inflation, the company managed to limit EBITDA margin decline to 120 bps sequentially through mix improvement, cost rationalization, and judicious price actions. Hero is aggressively expanding EV capacity, launching new products, and focusing on premiumization and global business for future growth, targeting a midterm EBITDA margin of 14-16%.
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What they filed
Q1 FY27: revenue up 35.7%, net profit up 29.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,463 | 10,211 | 9,939 | 9,579 | 12,126 +16% | 12,328 +21% | 12,797 +29% | 12,999 +36% |
| EBITDA | 1,516 | 1,476 | 1,416 | 1,382 | 1,823 +20% | 1,810 +23% | 1,856 +31% | 1,727 +25% |
| Net profit | 1,204 | 1,203 | 1,081 | 1,126 | 1,393 +16% | 1,349 +12% | 1,401 +30% | 1,454 +29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
