Eicher Motors Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Eicher Motors reported its best-ever Q2 FY26 financials: Revenue at INR 6,172 Cr (+45% YoY), EBITDA INR 1,512 Cr (+39%), and PAT INR 1,369 Cr (+25%). Royal Enfield sold 3.27 lakh motorcycles, with a record 2.49 lakh units during the festive season, boosted by demand for <350cc bikes post-GST changes. Capacity is scaling up to over 1.35 million units, with new modules kicking in next year. VECV achieved 5.4% sales growth, leading the Light & Medium Duty truck segment, and expects a strong H2. Management is confident in continued growth, driven by product actions, network expansion, and strategic investments in EV and alternative fuels.