Hero MotoCorp's Q2 FY'27 consolidated revenue rises 23% to Rs 14,971 crore, PAT up 41%
Hero MotoCorp reported Rs 14,971 crore in consolidated revenue for the July–September 2026 quarter, up 23% year on year, with consolidated profit after tax up 41% to Rs 1,861 crore.
- Rs 14,971 crore
- Rs 1,861 crore
- 18.68 lakh
- 66,531 units
What Happened
Hero MotoCorp reported consolidated revenue of Rs 14,971 crore for the quarter ended September 2026, up 23% from Rs 12,218 crore a year earlier, and consolidated profit after tax of Rs 1,861 crore, up 41%. For the half year from April to September 2026, consolidated revenue was Rs 28,097 crore and PAT Rs 3,278 crore, growth of 28% and 8% over H1 FY'26. The company said the quarter and half-year results include a Rs 397 crore gain from the equity consolidation of an associate company after its capital raise through a Qualified Institutional Placement and a private placement. On a standalone basis, Hero sold 18.68 lakh motorcycles and scooters in the quarter, up 10% year on year and 11% sequentially over Q1 FY'27, with ICE Vahan share improving in each of the three months.
- Rs 14,971 crore, up 23% from Rs 12,218 crore in Q2 FY'26
- Rs 1,861 crore, up 41% year on year
- 13.4%, held steady despite commodity headwinds, on EBITDA of Rs 1,968 crore (up 8%)
18.68 lakh
Up 10% year on year and 11% over Q1 FY'27, with a consistent improvement in ICE Vahan share in each month of the quarter.
- Scooter portfolio grew 47% to 2.40 lakh units; the Destini and Xoom series rose 50% year on year with 1.37 lakh dispatches.
- Domestic ICE scooter dispatches grew 35% year on year, lifting market share by 1 percentage point to 7.3%.
- Scooters, ICE plus EV, made up 13% of the volume mix versus 10% in Q2 FY'26.
- 100cc motorcycle market share expanded 5 percentage points to 84.4%, helped by more than 20% growth in the Splendor portfolio.
- VIDA recorded 76% year-on-year retail growth, reaching 66,531 units in the quarter.
- Parts, Accessories and Merchandising revenue grew 27% to Rs 1,941 crore.
“We delivered a strong performance this quarter, with scooters emerging as a key growth contributor, supported by healthy momentum across both, ICE and VIDA electric portfolio. This reflects the strength of our product offerings and our ability to respond to evolving customer aspirations across segments. Our 100cc motorcycle segment also continued to contribute to overall growth, underscoring the resilience of our portfolio. Going forward, our focus remains on sustaining this positive momentum, driving profitable growth and building a more diversified and future-ready business.”
Anuj Dua appointed Chief Business Officer – Premium Segment to drive the next phase of growth in premium mobility.
Srihari Mulgund appointed Chief Strategy Officer to lead the company's strategic agenda and support its next phase of growth and innovation.
Suresh Kumar P appointed Chief Digital & Information Officer to lead the enterprise-wide digital agenda.
Hero entered Germany in Q2 FY'27, its 54th global market, and launched the XPulse 200 4V and XPulse 200 4V Pro in Bangladesh, marking a milestone in its 12-year journey there. The company announced a cumulative investment of over Rs 3,200 crore in Andhra Pradesh and laid the foundation stone of its second Global Parts Centre in Tirupati. VIDA made its international debut with entry into Nepal, introducing the VIDA VX2 EVOOTER Plus and Go and the VIDA DIRT.E K3 youth off-roader, while the EVOOTER range itself was extended with the VX2 Plus 4.4 kWh and the VX2 Go 3.1 kWh variant. Hero also launched the Glamour X with Integrated-ABS, which it says is the first 125cc motorcycle to pair single-channel ABS with an Integrated Braking System. The Harley-Davidson business grew 30% sequentially and 19% year on year in H1, and in September 2026 the company passed 50,000 Harley-Davidson X440 and X440T riders on Indian roads.
Previously from Hero MotoCorp
Earlier in the quarter, our coverage reported that Hero MotoCorp launched the Glamour X with Integrated-ABS, describing it as the first 125cc motorcycle to pair single-channel ABS with an Integrated Braking System. We also reported in late October that Hero signed a strategic partnership with ERMAR Sociedad Anónima, which trades as Distrito Moto, to run a nationwide sales and service network of more than 220 touchpoints in Guatemala as part of strengthening its presence there.
- Hero MotoCorp launches Glamour X with Integrated-ABS, a first for India's 125cc segment
- Hero MotoCorp partners with Distrito Moto to run a 220-plus-touchpoint network across Guatemala
Background drawn from MotorClaw's earlier coverage of Hero MotoCorp's official releases.
Why this matters
Hero MotoCorp describes itself as the world's largest manufacturer of motorcycles and scooters, so its quarterly numbers are a broad read on two-wheeler demand across its markets. Volume rose 10% to 18.68 lakh units, and scooters plus the VIDA electric range lifted their share of the volume mix to 13% from 10%, shifts that affect dealers, suppliers and rivals in the commuter segment.
Terms in This Story
- EBITDA
- Earnings before interest, tax, depreciation and amortisation, a measure of operating profit that strips out financing costs and accounting charges.
- Vahan
- India's official vehicle registration data, which is widely used to track retail market share in the domestic market.
- Qualified Institutional Placement
- A method by which a listed Indian company raises capital by selling shares to institutional investors such as funds and insurers.
- lakh
- An Indian numbering unit equal to 100,000.
Summarised from the linked release; details can be imperfect — always verify against the original source.