Hero MotoCorp reported its strongest-ever quarterly performance in Q3 FY26, with revenue from operations rising 21% year-on-year to ₹12,328 crore and normalised profit after tax increasing 20% to ₹1,439 crore, driven by festive-led demand, higher volumes, and improved realisations.

The country’s largest two-wheeler maker sold 16.97 lakh motorcycles and scooters during the October–December quarter, a 16% increase over the year-ago period. Demand was led by scooters and premium motorcycles, aided by new launches and a favourable product mix.

EBITDA for the quarter grew 23% to ₹1,810 crore, while margins expanded 22 basis points to 14.7%, reflecting pricing actions, operating efficiencies, and cost discipline. Profit before tax, excluding exceptional items, rose 19% to ₹1,896 crore.

Commenting on the Company’s performance, Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said, “Hero MotoCorp delivered a positive growth performance in Q3 FY’26 with healthy double‐digit growth in volumes and retail momentum. Steady focus on operational excellence, product mix optimization, consumer‐centricity and innovation remained our core pillars enabling consistent financial performance during the quarter. Conducive macro‐ economic factors and favorable GST 2.0 tailwind helped in revival of rural demand which further drove consumer traction for motorcycles and growth for the economy.”

Reported net profit stood at ₹1,349 crore after factoring in a one-time exceptional charge of ₹119 crore linked to the implementation of four new labour codes that came into effect in November 2025. On a consolidated basis, quarterly revenue and profit after tax were ₹12,487 crore and ₹1,275 crore, respectively.

For the nine months ended December 2025, Hero MotoCorp’s revenue increased 10% year-on-year to ₹34,034 crore, while normalised profit after tax rose 12% to ₹3,957 crore. EBITDA for the period grew 13% to ₹5,015 crore.

Operational performance remained broad-based. The internal combustion engine scooter segment recorded 55% growth during the quarter, while the company maintained market share gains in the commuter motorcycle category. Electric mobility arm VIDA closed the quarter with an 11% market share, supported by portfolio expansion.

Exports rose 41% year-on-year, driven by new market entries in Europe and stronger performance across existing overseas markets. Revenue from parts, accessories, and merchandising reached a quarterly high of ₹1,673 crore.

The board declared an interim dividend of ₹110 per share, underlining Hero MotoCorp’s focus on shareholder returns amid steady demand recovery and margin expansion.