Eicher Motors Revenue History — Quarter by Quarter

Eicher Motors's revenue moved from ₹3,986 Cr in Q1 FY24 to ₹6,114 Cr in Q3 FY26, a 53.4% change over 11 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹6,114 Cr	+23%
Q2 FY26	₹6,172 Cr	+44.8%
Q1 FY26	₹5,042 Cr	+14.8%
Q4 FY25	₹5,241 Cr	—
Q3 FY25	₹4,973 Cr	+5.8%
Q2 FY25	₹4,263 Cr	+3.6%
Q1 FY25	₹4,393 Cr	+10.2%
Q4 FY24	₹4,256 Cr	+12%
Q3 FY24	₹4,179 Cr	+12.3%
Q2 FY24	₹4,115 Cr	+17%
Q1 FY24	₹3,986 Cr	+17%

What management said about revenue

Q3 FY26 · Q4 FY26 growth momentum to continue

Management expects Q4 to maintain growth trajectory with positive inquiries, conversions, and bookings.

Q3 FY26 · January 2026 price increase of ~0.5% on select models

Blended price increase of about 0.5% taken in January to offset commodity inflation.

Q2 FY26 · H2 CV industry volume recovery expected

Management expects better growth in H2 due to infrastructure spending, GST impact, and replacement demand, with second half typically 55% of annual volume.

Q1 FY26 · Festive season volume growth expected

Management is bullish on festive demand, supported by new Hunter 350 colors, media campaigns, and dealer floor financing for ~575 dealers.

Q4 FY25 · Price increase of 1.15% on select models in April 2025

Select Royal Enfield models saw a price hike in April to offset OBD2B costs.

Q3 FY25 · Continued growth focus with marketing spend

Management will continue to invest in brand-building and market activation, though the lumpy launch-related expenses will moderate.

Q2 FY25 · Royal Enfield to sustain marketing and product launch momentum

Management plans continued market activation and product-level campaigns to sustain demand post-festive season.

Q2 FY25 · VECV expects CV demand rebound in H2 FY25

With pro-growth budget and infrastructure investments, VECV anticipates industry recovery in the second half.

Q1 FY25 · Double-digit growth expected for mid-weight segment

Management expects the mid-weight motorcycle segment to return to high single-digit to double-digit growth as consumer confusion settles and new products like Guerrilla and Classic drive demand.

Q1 FY25 · VECV to continue outpacing CV industry growth

VECV expects to maintain market share gains through dealer network expansion and new product introductions, with industry growth supported by government capex and festive demand.

Q4 FY24 · Double-digit mid-weight motorcycle market growth expected

Management anticipates the Indian middleweight segment to grow in double digits in FY25, with Royal Enfield positioned to outpace the market.

Q3 FY24 · New product launches to continue at a steady pace

Management plans to launch new motorcycles on the Sherpa 450 platform and other platforms over time, but will focus on stabilizing existing products in the coming financial year.