Two-Wheelers

Triumph Motorcycles reports FY’17 revenue of Rs 4,906cr; up 22.3%

by Autocar Pro News Desk Dec 19, 2017

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Triumph Motorcycles Group, announced its financial results today for the year ending June 30, 2017, it reported revenue of Rs 4,906 crore, an increase of 22.3 percent YoY. The company sold a total of 63,404 units globally which includes 86.1 percent sales from overseas market.

The company says the profit before exceptional costs for the year ending June 30, 2017 was Rs 243 crore, an increase of 48.8 percent compared to same period last year. The EBITDA came in at Rs 404 crore compared to Rs 273 crore for the same period last year.

It says despite facing continuing challenging both economic and currency conditions, which included Brexit, the Group has been able to perform strong and was able to maintain its commitment and investment in research and development. Triumph has continued to develop its motorcycle range, and launched five new motorcycles in the last 12 months - the new Street Triple, the new Bobber Black, the new Speedmaster and the new Tiger 800 and Tiger 1200 adventure motorcycles.

Triumph also opened its £4m (Rs 39 crore) Factory Visitor Experience at its Hinckley base. The experience zone includes a museum charting the history of Triumph, which is free to enter, as well as an opportunity for fans and enthusiasts to take a tour of Triumph’s high-tech manufacturing plant to see where Triumph’s class-leading motorcycles are built. 

Commenting on the results, Vimal Sumbly, Triumph Motorcycles India said, “We are extremely proud of the results achieved by the brand globally and at the same time very happy to contribute towards the incredible journey. With over  4,500 units sold in just four years of our operations in India, this has been an exciting year for Triumph. With five new launches, introduction of the SpeedMaster, experiential marketing has gotten us closer to our customers and enabled us to provide them a complete riding experience.''

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