Hero MotoCorp Limited — Investor Meet, 11-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hero MotoCorp reported strong Q4 FY'26 financials: revenue at ₹12,797 Cr (+29% YoY), EBITDA ₹1,856 Cr (+31%), and PAT ₹1,401 Cr (+30%). Full-year FY'26 also hit record highs, with ICE EBITDA margin at 17%.

Management noted robust growth in scooters (+48% YoY), EV volumes (+2.5x), and global business (+41%). A ₹1,500 Cr capex for FY'27 targets doubling scooter/EV capacity and a new parts center. Despite commodity headwinds, the company affirmed its 14-16% medium-term margin outlook, supported by price adjustments and cost controls. Hero expects to outgrow the projected high single-digit industry growth in FY'27, driven by new product launches and strategic investments. Management's perspective is confident regarding future growth.