Q2 2026 Eicher Motors Ltd Earnings Call Transcript
Key Points
- Eicher Motors Ltd (BOM:505200) reported its best-ever revenue for the quarter at INR 6,172 crores, marking a 45% growth over the previous year.
- The company achieved its highest-ever EBITDA for the quarter at INR 1,512 crores, a 39% increase from the previous year.
- Royal Enfield's market share in the mid-size motorcycle segment remains dominant at about 84%, with significant growth in domestic and international markets.
- The company has expanded its dealer network to over 2,000 stores and maximized production capacity to meet increased demand.
- Eicher Motors Ltd (BOM:505200) has been recognized with several awards, including the Golden Peacock Award for Excellence in Corporate Governance 2025 and the Red Dot Award 2025 for design.
- Despite strong revenue growth, the EBITDA growth was slightly lower at 39%, indicating rising operating expenses.
- The company faces challenges with the GST rate on motorcycles above 350cc, impacting demand for higher cc models.
- There is a noted slowdown in the APAC market, particularly in Thailand, affecting international sales growth.
- The heavy-duty truck segment has seen limited growth due to factors like migration to higher tonnage trucks and increased rail freight usage.
- Inflationary pressures, particularly in precious metals and aluminum alloys, have impacted margins, necessitating cost management strategies.
Ladies and gentlemen, good day and welcome to the Aare Motors Limited Q2 FI26 conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Mukesh Saraf from Avinder Park.
Thank you. And over to you, sir.
Yeah, thank you, Slok. Good evening, everyone. Mukesh Saraf here from Aranus Park. Appreciate everybody logging into this 2QFY26 earnings call of Aisha Motors. From the management team, I'm pleased to host Mr. Vinota Dawal, Vice Chairman, Aisha Motors Limited, MD and CEO of VE Commercial Vehicles Limited, Mr. B. Govind Rajan, MD Aisha Motors Limited, and CEO of Oil and Field. This is Yarinivasan, CFO Aisha Motors Limited.
I'll now hand over the call to Mr. Bgo and
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