Eicher Motors Q4 Results: Royal Enfield sales power earnings beat, margin rise

Eicher Motors Ltd

reported a strong set of fourth-quarter earnings for FY26 on Friday, beating CNBC-TV18 estimates across profit, revenue and EBITDA, driven by sustained momentum in Royal Enfield motorcycle sales and improving operational performance.

The company posted a consolidated net profit of ₹1,520 crore for the March quarter, up 11.6% year-on-year from ₹1,362 crore and ahead of the CNBC-TV18 poll estimate of ₹1,440 crore.

Revenue from operations rose 16% to ₹6,080 crore compared with ₹5,241 crore a year earlier, also surpassing Street expectations of ₹5,961 crore.

EBITDA increased 20.4% year-on-year to ₹1,514 crore from ₹1,258 crore, while EBITDA margin improved to 24.9% from 24% in the year-ago period. The margin performance matched CNBC-TV18 poll estimates.

The board of directors recommended a final dividend of ₹82 per share for FY26.

Ahead of the earnings announcement, shares of Eicher Motors closed 1.35% higher at ₹6,985 on the NSE.

The company also reported its best-ever annual financial performance for FY26, with revenue reaching ₹23,408 crore, EBITDA at ₹5,785 crore and profit after tax at ₹5,515 crore, reflecting 17% annual growth.

Royal Enfield continued to remain the key growth driver, with annual motorcycle sales rising 22% year-on-year to 1,227,977 units. Managing Director Siddhartha Lal and CEO B Govindarajan highlighted strong festive demand, growing international business and the company’s entry into electric mobility through the launch of the Flying Flea C6.

Eicher Motors also announced significant future investments, including a ₹958 crore brownfield expansion at its Cheyyar facility and further capacity additions at Tada in Andhra Pradesh to support long-term growth.

Its commercial vehicle arm VECV also crossed the milestone of 100,000 vehicle sales during FY26, aided by launches across electric buses, LNG trucks and urban logistics vehicles.