Eicher Motors Ltd — Q1FY27 Earnings Call Summary

EICHERMOT · Q1FY27 · Filed 04 Aug 2026

Key Takeaways

• Manufacturing capacity expanding: brownfield Cheyyar to 2 mn units by FY28; greenfield Tada 1.225k Cr for 4.5 lakh units by FY30
• Management confident of sustaining growth despite high base in H2 FY27; new product launches and marketing planned
• Q1 FY27 consolidated revenue INR 6,632 Cr +32% y-y; EBITDA INR 1,591 Cr; PAT INR 1,463 Cr +21% y-y
• Commodity inflation impacted gross margin by ~4-4.5% in Q1; price hikes partly offset by 1.2%
• Strong demand momentum with 10-12 days dealer inventory; production ramped to 5,000+ units/day
• VECV Q1 sales 24,815 units +14.8%, revenue INR 6,610 Cr, EBITDA margin 8.4%, launched Volvo FMX Edge truck
• Royal Enfield Q1 sales 332,940 units (+27% y-y), launched Flying Flea C6 electric motorcycle and Bullet 650
• International business doubled in 2 years; Brazil largest export market, 15% of revenue
• Accessories and service revenue growing fast, now 15% of total; 87% accessory penetration

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.