Top Story


Home >> Marketing >> Article

Hero Honda Q3 net up 8 pc

Font Size   16
Hero Honda Q3 net up 8 pc

Hero Honda Motors on Thursday reported an 8 per cent rise in net profit in the third quarter of the fiscal on the back of robust motorcycle sales in the quarter.

Net profit rose to Rs 219 crore during the October-December 2004 period over Rs 203 crore during the year ago period, a company statement said.

Net sales grew 25.6 per cent to Rs 2,043 crore during the quarter ended on December 31, 2004, over Rs 1,626 crore during the same period in the previous year.

Hero Honda, in which Honda Motor Corp of Japan and the Munjals of India each hold 26 per cent stake, sold 24 per cent more motorcycles at 7,12,062 units during the third quarter 2004-05 (5,72,196 units).

The company's margins were, however, under pressure due to higher raw material costs.

"Despite rising input costs right from the beginning of the fiscal year, we have been able to maintain our operating margins and increase sales volume significantly. There is already a strong demand for our products in the market and I am sure the launch of new models in 2005 will further consolidate our market dominance,'' Mr. Pawan Munjal, Managing Director, Hero Honda Motors Ltd, said.


Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Duroflex and Happy mcgarrybowen launch #7HourMarathon campaign with Milind Soman to promote healthy sleeping practices

Punjab has witnessed highest growth, of more than 50% DTH penetration, followed by HP and J&K

IRS 2017 has been reinforced with design, methodology, quality, and questionnaire enhancements to ensure the highest integrity of the data.