Eicher Motors Ltd (BOM:505200)

Q3 2026 Eicher Motors Ltd Earnings Call Transcript

Feb 10, 2026 / 12:00 PM GMT

Release Date Price: ₹7296.25 (+1.46%)

Transcript

Key Points

Positve

Eicher Motors Ltd (BOM:505200) reported a 23% increase in revenue for Q3 FY26, reaching INR 6,114 crores compared to INR 4,973 crores in the same quarter last year.
EBITDA grew by 30% to INR 1,557 crores, indicating strong operational performance.
Royal Enfield achieved a milestone of selling over 1 million motorcycles year-to-date, showcasing robust demand.
The company announced a capacity expansion at Royal Enfield to meet growing demand, with plans to increase production capacity to 2 million units annually.
VE Commercial Vehicles (VCV) delivered its best-ever Q3 performance, with a 24.2% year-on-year growth in volumes, reinforcing its market position.

Negative

International sales for Royal Enfield saw a decline, with volumes at 25,347 units compared to 27,000 units in Q3 last year.
The bus segment experienced a decline in sales due to lower institutional orders, impacting overall performance.
The company faces challenges in the more than 350cc motorcycle segment, with a need for strategic actions to drive growth.
Commodity price pressures, particularly in precious metals, continue to impact cost structures.
The company is cautious about the impact of international trade deals, which could affect pricing and market access in key regions like the US and EU.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EICH.NS - Eicher Motors Ltd
Q3 2026 Eicher Motors Ltd Earnings Call
Feb 10, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Aisher Motors Q3 FY26 earnings conference call hosted by HDFC Securities Limited.

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 touchtone phone. Please note that this conference is being recorded, and I hand the conference over to Mr. Hidesh Thakurani from HDFC Securities Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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