Hero MotoCorp Q2 FY27: Profits surge 41% to Rs 1,861 crore

According to the BSE filing, the company recorded a 23% year-on-year growth in consolidated revenue, reaching Rs 14,971 crore

by e4m Staff
Published: Oct 28, 2026 9:35 PM | 2 min read

Hero MotoCorp reported a 23% year-on-year increase in consolidated revenue for Q2 FY27, reaching Rs 14,971 crore, with a Profit After Tax (PAT) of Rs 1,861 crore, up 41% from the previous year.
The company's Parts, Accessories, and Merchandising (PAM) business grew by 27% to Rs 1,941 crore, and the premium segment, led by the appointment of Anuj Dua as Chief Business Officer, is a key focus for growth.
The scooter portfolio saw a significant 47% increase in sales, with the internal combustion engine (ICE) scooters achieving a 50% year-on-year growth, contributing to a 1% market share increase to 7.3%.
VIDA, the company's electric vehicle brand, experienced a 76% retail growth, and Hero MotoCorp expanded its global presence by entering Germany and Nepal, while announcing a Rs 3,200 crore investment in Andhra Pradesh for infrastructure development.

Hero MotoCorp has reported its financial results for the second quarter (July-September 2026) of FY27. According to the BSE filing the world's largest manufacturer of motorcycles and scooters recorded a 23% year-on-year growth in consolidated revenue, reaching Rs 14,971 crore. Profit After Tax (PAT) stood at Rs 1,861 crore, reflecting a substantial 41% growth over the corresponding quarter of the previous year.

Underlining its focus on diversified revenue streams and brand extensions, the company's Parts, Accessories, and Merchandising (PAM) business grew by 27% year-on-year to register a revenue of Rs 1,941 crore. Premiumisation remains a core pillar of Hero MotoCorp's growth strategy. To drive this next phase in premium mobility, the company appointed Anuj Dua as Chief Business Officer - Premium Segment, effective August 3, 2026.

This premium focus is yielding commercial results, with the Harley-Davidson business recording a 30% sequential growth and a 19% year-on-year increase in the first half of the fiscal year. The company also surpassed the milestone of 50,000 Harley-Davidson X440 and X440T riders on Indian roads in September 2026.

Harshavardhan Chitale, Chief Executive Officer of Hero MotoCorp, stated: "We delivered a strong performance this quarter, with scooters emerging as a key growth contributor, supported by healthy momentum across both, ICE and VIDA electric portfolio."

He added, "This reflects the strength of our product offerings and our ability to respond to evolving customer aspirations across segments." Chitale also noted that the company's focus remains on sustaining positive momentum, driving profitable growth, and building a more diversified and future-ready business.

The automaker's scooter portfolio, a key area of strategic focus, grew by 47% to 2.40 lakh units. The internal combustion engine (ICE) scooter segment continued to gain market share, driven by the Destini and Xoom series, which saw a 50% year-on-year growth with 1.37 lakh unit dispatches during the quarter. Domestic ICE scooter dispatches notably led to a market share expansion of 1% year-on-year, bringing it to 7.3%.

On the electric mobility and digital marketing front, the company's EV brand, VIDA, recorded a 76% year-on-year retail growth, reaching 66,531 units in Q2 FY'27. Underscoring its marketing effectiveness, VIDA earned two SAMMIE Awards for 'Best Social Media Brand (Automobile)' and 'Best Use of Branded Content', alongside the 'Fastest Growing Electric Two-Wheeler Brand' award at the HT Auto Leadership Awards 2026.

Furthermore, the company's Global Business expanded into Germany, marking its 54th global market, while its EV arm VIDA made its international debut by entering Nepal. To support its physical infrastructure and future capacity, the company announced a cumulative investment of over Rs 3,200 crore in Andhra Pradesh, laying the foundation stone for its second Global Parts Centre (GPC) in Tirupati.