Hero MotoCorp Q2 FY27 revenue up 21% to ₹14,687 Cr on 10% volume growth; PAT up 5%
Q2 FY27 revenue up 21% to ₹14,687 Cr, EBITDA up 8% to ₹1,968 Cr, PAT up 5% to ₹1,456 Cr; dispatches up 10.5%.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- ₹14,687 Cr, up 21% (H1 revenue ₹27,686 Cr, up 28%)
- Q2 FY27 PAT
- ₹1,456 Cr, up 5%; EBITDA ₹1,968 Cr, up 8% at 13.4% margin
- Capacity Expansion / Capex
- Capacity to 9.2 mn units by March 2027 from 8.63 mn in FY26; FY27 capex guidance ₹1,500 Cr reaffirmed
- Period
- Q2 & H1 FY27
- Positioning
- Hero MotoCorp presents itself as the 100cc motorcycle leader with 85.0% share, building scale in scooters, EV (VIDA), premium, parts and global business.
📈 Q2 FY27 standalone revenue from operations rose 21% to ₹14,687 Cr and H1 revenue 28% to ₹27,686 Cr. Q2 EBITDA grew 8% to ₹1,968 Cr at a 13.4% margin, which the company says was hit by commodity headwinds; Q2 PAT rose 5% to ₹1,456 Cr.
📈 Total dispatches rose 10.5% to 1,868 thousand in Q2, with scooters (ICE + EV) up 47.3%. 100cc share reached 85.0% in H1, VIDA retails roughly doubled to 124k, and parts revenue grew 28% to ₹3,630 Cr in H1.
📉 The presentation lists eight strategic pillars: grow the core, gain 125cc share, win in premium, drive scooter share, EV leadership, expand exports, expand parts and build a future-fit organisation. Exports share fell to 6.0% and premium share to 1.9%.
🏭 Management states capacity will expand to 9.2 mn units by March 2027 from 8.63 mn in FY26, and reaffirms FY27 capex guidance of ₹1,500 Cr, including a Tirupati parts greenfield and a Neemrana premium line.
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More numbers
- Revenue from operations, Q2 FY2714,687 (₹ Cr)
- Revenue from operations, H1 FY2727,686 (₹ Cr)
- EBITDA, Q2 FY271,968 (₹ Cr)
- EBITDA margin, Q2 FY2713.4%
- Profit after tax, Q2 FY271,456 (₹ Cr)
- Profit after tax, H1 FY272,911 (₹ Cr)
- Revenue growth, Q2 FY2721%
- Total dispatches growth, Q2 FY2710.5%
- 100cc market share, H1 FY2785.0%
- Parts revenue, H1 FY27₹ 3,630 Cr
- FY27 capex guidance₹1,500 Cr
- EV market share, H1 FY2711.0%
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