News ArticleHero MotoCorp Posts Rs. 14,971 Crore Consolidated Revenue in Q2 FY27 with 41% PAT Increase; Approves Rs. 300 Crore Investment in Netherlands Subsidiary
Company’s scooters portfolio grows 47% while VIDA electric vehicles achieve 76% retail growth; Board approves strategic investment to expand Latin American operations
Hero MotoCorp announced robust Q2 FY27 consolidated revenue of Rs. 14,971 crore, a 23% increase year-over-year, and a 41% growth in profit after tax to Rs. 1,861 crore. The company also approved an additional investment of up to Rs. 300 crore in its Netherlands-based subsidiary to support further growth in its Latin American ventures. Key segments such as scooters and premium motorcycles showed significant volume gains during the quarter.
Hero MotoCorp Ltd.
General / Other
Hero MotoCorp announced its unaudited consolidated financial results for the quarter ended September 30, 2026, reporting Rs. 14,971 crore in revenue, a 23% increase year-over-year, and a profit after tax of Rs. 1,861 crore, up 41%. The Board also approved an additional investment of up to Rs. 300 crore in its wholly-owned subsidiary HMCL Netherlands B.V. to support business expansion in Latin America.
Consolidated revenue for the first half of FY27 reached Rs. 28,097 crore, up 28% compared to the same period last year, with a profit after tax of Rs. 3,278 crore.
Standalone operations saw a volume growth of 10% in Q2 FY27 with sales of 18.68 lakh motorcycles and scooters. Revenue from operations stood at Rs. 14,687 crore, a 21% increase year-over-year, with EBITDA margins steady at 13.4%.
Scooter sales surged 47% during the quarter, reaching 2.40 lakh units led by strong performance of ICE scooters like Destini and Xoom series, which grew by 50%. The VIDA electric scooter lineup reported a 76% retail sales increase with 66,531 units sold.
The company expanded its global presence by entering Germany, now its 54th market, and launched new models in Bangladesh.
To sharpen its premium segment focus, Hero MotoCorp appointed Anuj Dua as Chief Business Officer – Premium Segment and reported 30% sequential growth in its Harley-Davidson business in H1 FY27.
Highlights
- Consolidated revenue grew 23% year-over-year to Rs. 14,971 crore in Q2 FY27.
- Profit after tax increased 41% to Rs. 1,861 crore for the quarter.
- Standalone sales volume grew 10% to 18.68 lakh units including motorcycles and scooters.
- Scooter portfolio sales climbed 47%, with ICE scooter dispatch up 35% year-over-year.
- VIDA electric vehicle retail sales rose 76% with 66,531 units in Q2 FY27.
- Board approved an additional investment of up to Rs. 300 crore in HMCL Netherlands B.V. for Latin American subsidiaries expansion.
Key Data Snapshot
What happened
- Hero MotoCorp reported a 23% year-over-year increase in consolidated revenue to Rs. 14,971 crore for Q2 FY27.
- Profit after tax rose by 41% to Rs. 1,861 crore in the quarter.
- The Board approved an additional investment of up to Rs. 300 crore in the Netherlands subsidiary to fund expansion in Latin American markets.
Financial performance
- Standalone sales volume grew 10% to 18.68 lakh units in Q2 FY27, reflecting sustained consumer demand.
- Standalone revenue increased 21% year-over-year to Rs. 14,687 crore with EBITDA margin steady at 13.4%.
- Parts, Accessories, and Merchandising revenue grew 27% to Rs. 1,941 crore.
- H1 FY27 consolidated revenue was Rs. 28,097 crore and profit after tax Rs. 3,278 crore, growing 28% and 8% respectively over H1 FY26.
Operational performance
- Scooter portfolio sales surged 47% to 2.40 lakh units, supported by strong growth in ICE scooters and VIDA electric model sales.
- ICE scooter dispatches increased 35% year-over-year with market share expansion to 7.3%.
- VIDA electric scooters achieved 76% retail volume growth to 66,531 units in Q2 FY27.
- Global business expanded into Germany as 54th market and launched new models in Bangladesh.
Key details
- The Rs. 300 crore investment will be made in HMCL Netherlands B.V., a wholly-owned subsidiary, in one or more tranches.
- Funds are intended for further investments in its subsidiaries HMCL Colombia S.A.S and Hero MotoCorp Do Brasil Ltda.
- This investment supports Hero MotoCorp's global expansion strategy in Latin America.
Strategic context
- Hero MotoCorp appointed Anuj Dua as Chief Business Officer – Premium Segment to drive growth in premium motorcycles.
- Harley-Davidson business saw 30% sequential growth and 19% year-over-year increase in H1 FY27.
- The company continues to focus on premiumization and electric mobility as core pillars for future growth.
Highlights
- Consolidated revenue grew 23% year-over-year to Rs. 14,971 crore in Q2 FY27.
- Profit after tax increased 41% to Rs. 1,861 crore for the quarter.
- Standalone sales volume grew 10% to 18.68 lakh units including motorcycles and scooters.
- Scooter portfolio sales climbed 47%, with ICE scooter dispatch up 35% year-over-year.
- VIDA electric vehicle retail sales rose 76% with 66,531 units in Q2 FY27.
- Board approved an additional investment of up to Rs. 300 crore in HMCL Netherlands B.V. for Latin American subsidiaries expansion.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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