Eicher Motors Reports Record FY26 Profit, Q4 PAT Up 12%

Eicher Motors Ltd on Thursday reported a 12% year-on-year rise in consolidated net profit for the quarter ended March 31, at ₹1,520 crore, driven by higher Royal Enfield motorcycle sales and improved performance at VE Commercial Vehicles.

The company’s consolidated revenue from operations rose 16% on year to ₹6,080 crore in Q4 FY26. EBITDA came in at ₹1,514 crore, up 20% from ₹1,258 crore in the year-ago period while EBITDA margin stood at 24.9% compared to 24% in Q4 FY25.

For the full financial year FY26, Eicher Motors posted its highest-ever annual financial performance. Consolidated revenue from operations increased 24% year-on-year to ₹23,408 crore, while EBITDA rose 23% to ₹5,785 crore. Profit after tax grew 17% to ₹5,515 crore.

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

Royal Enfield, the company’s motorcycle business, recorded its highest-ever annual sales in FY26 at 1,227,977 units, up 22% year-on-year. Domestic sales rose 23% to 1,107,343 units, while exports increased 20% to 120,634 motorcycles.

In the fourth quarter alone, Royal Enfield sold 313,811 motorcycles, registering a 12% increase over the year-ago period.

VE Commercial Vehicles also delivered a strong performance during the year. VECV reported record revenue from operations of ₹27,076.6 crore in FY26, up 15% year-on-year. EBITDA stood at ₹2,562.6 crore, while profit after tax rose to ₹1,471 crore. The company sold 103,404 vehicles during the year, growing 14.7% over FY25.

Speaking on the performance, B Govindarajan, Managing Director of Eicher Motors and Chief Executive Officer of Royal Enfield, said FY26 was an exceptional year marked by strong growth, record volumes and continued global expansion.

He added that Royal Enfield entered the electric mobility segment during the year with the launch of the Flying Flea C6 and announced fresh investments towards capacity expansion at its Cheyyar facility in Tamil Nadu.

The company said it plans to invest ₹958 crore towards expanding manufacturing capacity at Cheyyar, which will increase annual production capacity from 14.6 lakh units to 20 lakh units.