The company reported a 29.6% year-on-year rise in net profit to ₹1,401 crore, slightly ahead of estimates, while revenue grew 28.8% to ₹12,797 crore. EBITDA rose 31% to ₹1,856 crore, with margins expanding to 14.5% from 14.2% a year ago, reflecting operating leverage and better realisations.
Volumes remained a key driver, with the company selling 17.14 lakh motorcycles and scooters during the quarter, marking a 24% increase over the previous year. For the full financial year, volumes stood at 64.69 lakh units, up 10%.
The board recommended a final dividend of ₹75 per share, subject to shareholder approval, and approved the re-appointment of Pawan Munjal as Executive Chairman for another five-year term starting October 2026.
Management commentary highlighted broad-based growth across core internal combustion engine (ICE) segments, including 100–125cc motorcycles, scooters and premium categories. The company also pointed to strong traction in its emerging mobility business, with VIDA recording 190% year-on-year growth, aided by new product launches targeting the mass market.
Also Read: L&T Q4 revenue rises 11%; flags near-term pressure, guides 10-12% FY27 growth
International operations delivered a record performance, with 40% growth and expansion into new markets, including Europe and the United Kingdom, taking the global footprint to 52 countries. The Harley-Davidson partnership business also saw healthy momentum, with volumes rising 26% year-on-year.
Looking ahead, the company remains optimistic on demand, citing supportive policy environment, improving consumer sentiment and continued premiumisation and electrification trends. It expects these factors to sustain growth momentum into FY27 while reinforcing its leadership in the evolving mobility landscape.
