Ather Energy Ltd — Q4FY26 earnings call summary

Filed 08 May 2026 · Official transcript

FY26 volumes up 66%, Q4 at 83,000 units; Rizta drives 75% of sales and market share rose to 18.6%
EL platform launch expected by FY27-end; new Factory 3.0 capacity of 42,000 units/month to start by Q4FY27
Supply chain inflation pressures persist; price hikes of ~INR4,000 taken in FY27 so far
Store count doubled to 700; Middle India market share quadrupled to 17.3%
Demand broadening to Tier 3 cities; non-vehicle revenues growing, especially accessories
EBITDA losses improved by 1500-1600 bps y-y; Q4 EBITDA loss at -2%
Pro-Pack attach rate at 93%, strong margin support; charging infrastructure expanded to 6,000+ fast chargers
Marketing spend increased with new campaigns; brand awareness and preference up significantly