Q4 2025 Eicher Motors Ltd Earnings Call Transcript
Key Points
- Eicher Motors Ltd (BOM:505200) posted a record performance with consolidated revenue of INR5,241 crores and EBITDA of INR1,258 crores for Q4 FY25.
- Royal Enfield achieved a milestone by selling over 1 million motorcycles in a year for the first time in its history.
- VECV delivered more than 90,000 trucks and buses, achieving a revenue of INR23,548 crores for FY25, marking a 7.7% increase from the previous year.
- The company successfully launched six new motorcycles, including the Classic 650 and Gorilla 450, enhancing its product portfolio.
- Eicher Motors Ltd (BOM:505200) has made significant progress in sustainability, with 86% of its plants' electricity coming from renewable sources and achieving net water positivity.
- The company faced a 20 bps impact on gross margins due to higher commodity prices in steel and aluminum.
- There was a 20 bps impact due to inventory provisions for old bikes, which is considered a one-off expense.
- The international market remains cautiously optimistic, with ongoing tariff discussions affecting the North American market.
- Despite strong performance, the EBITDA margin for VECV was at 8.8% for FY25, indicating room for improvement.
- Marketing and event expenses have increased, impacting the overall cost structure, with a noted INR19 crores expense related to distributor liquidation in Europe.
Ladies and gentlemen, good day and welcome to Eicher Motors Limited Q4 FY25 earnings conference call hosted by Avender Park.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ram [Sean] from Avenders Park. Thank you and over to you, sir.
Thank you, Ratoja. Good evening, everybody. Welcome to the earnings call. Pleased to be joined today by the leadership team of Eicher. We have with us Mr. Vinod Agarwal, Vice Chairman Eicher Motors; and MD CEO of VECV,; Mr. B. Govindarajan, MD Eicher Motors, and CEO of Royal Enfield; and Ms.Vidya Srinivasan, COO of Eicher Motors.
I will now request the management to make their opening remarks. Please go ahead, sir.
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