Eicher Motors delivered a strong Q1 FY26, with consolidated revenue of ₹5,042 crore (+14.8% YoY) and EBITDA of ₹1,203 crore (+9.4% YoY), driven by Royal Enfield's volume growth...
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Rare earth materials used in gear sensors and alternators caused production issues for performance platforms (Himalayan, Guerrilla) in Q1. Mitigation via alternative materials is underway but remains a risk.
medium · management_commentarySteel and aluminum prices have risen, impacting margins by ~30 bps net in Q1. Further headwinds expected in Q2, with uncertain duration and magnitude.
medium · management_commentaryThe Indian two-wheeler industry grew slower than expected in Q1, with 125cc+ segments not expanding. Royal Enfield's growth is coming from market share gains, which may be harder to sustain if the overall market remains weak.
medium · analyst_question