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Hero MotoCorp Revenue History — Quarter by Quarter

Hero MotoCorp's revenue moved from ₹8,851 Cr in Q1 FY24 to ₹12,978 Cr in Q4 FY26, a 46.6% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹12,978 Cr+29%
Q3 FY26₹12,487 Cr+21%
Q2 FY26₹12,218 Cr+16%
Q1 FY26₹9,728 Cr—
Q4 FY25₹9,970 Cr—
Q3 FY25₹10,260 Cr+5%
Q2 FY25₹10,483 Cr+11%
Q1 FY25₹10,211 Cr+16%
Q4 FY24₹9,617 Cr+15%
Q3 FY24₹9,788 Cr+20%
Q2 FY24₹9,533 Cr—
Q1 FY24₹8,851 Cr—

What management said about revenue

G

Q4 FY26 · Industry growth of high single-digit in FY27

Management expects the two-wheeler industry to grow at a high single-digit rate in FY27, with scooters growing slightly faster than motorcycles.

G

Q4 FY26 · Company to outgrow industry in FY27

Hero MotoCorp expects to grow ahead of the industry in both motorcycles and scooters, driven by new launches and capacity expansion.

G

Q3 FY26 · Industry growth of high single digits in FY27

Management expects the two-wheeler industry to grow in high single digits in FY27, with moderation in H2 due to high base.

G

Q3 FY26 · Price hike of INR 300 per vehicle in January

Hero took a price increase of INR 300 per vehicle in January to mitigate commodity cost inflation.

G

Q3 FY26 · EV capacity expansion in FY27

VIDA expects a market increase in capacity in FY27 to meet growing demand.

G

Q2 FY26 · H2 FY26 industry growth of 8%-10%

Management expects the two-wheeler industry to grow 8%-10% in the second half of FY26, with Hero poised to outperform and gain market share.

G

Q2 FY26 · Continued market share gains in H2

Management expects to continue gaining market share across segments, driven by new products (Glamour X, Xtreme 125R, scooters) and strong festive momentum.

G

Q1 FY26 · Industry growth of 6-7% for FY26

Management expects full-year two-wheeler industry growth of 6-7%, with festive season demand recovery offsetting Q1 softness.

G

Q1 FY26 · Global business to contribute 10% of revenue/volumes

Target to achieve 10% of revenue and volumes from global business, with over 40% growth expected this year.

G

Q4 FY25 · Industry growth of 6-7% in FY26

Management expects the two-wheeler industry to grow in the mid to high single digits (6-7%) in FY2026.

G

Q4 FY25 · EV breakeven at 25,000-30,000 monthly volumes

EV business is expected to break even at monthly volumes of 25,000-30,000 units, which is a couple of years away.

G

Q3 FY25 · Double-digit revenue growth in FY26

Management expects double-digit revenue growth for the next fiscal year, driven by new launches, rural recovery, and tax relief.