Hero MotoCorp Management Guidance Tracker
15 forward-looking guidance items tracked across 4 quarters.
Growth
Management expects the two-wheeler industry to grow 6-7% in FY26, with festive season demand recovery.
Q2 FY26H2 FY26 industry growth 8-10%ActiveManagement expects the two-wheeler industry to grow 8-10% in the second half of FY26, with Hero poised to outperform.
Q3 FY26Industry growth of double-digit in Q4 FY26ActiveManagement expects the two-wheeler industry to grow by double digits in the current quarter (Q4 FY26).
Q3 FY26Hero to grow ahead of industryActiveWith new product launches and brand investments, Hero expects to outpace industry growth.
Q3 FY26FY27 industry growth in high single digitsTrackedIndustry growth likely to moderate to high single digits in FY27 due to high base in second half.
Q4 FY26Industry growth of high single-digit in FY27TrackedManagement expects the two-wheeler industry to grow at high single-digit volume in FY27, with scooters growing a couple of points more than motorcycles.
Q4 FY26Company to outgrow industry in FY27TrackedHero MotoCorp plans to grow ahead of the industry in both motorcycles and scooters, driven by new launches and capacity expansions.
Margins
Overall EBITDA margin expected to operate between 14% and 16%, with near-term lower band.
Q2 FY26EBITDA margin guidance 14-16%TrackedManagement reiterated its EBITDA margin guidance of 14-16% for the full year, despite continued investments.
Q4 FY26Medium-term EBITDA margin guidance of 14-16%TrackedManagement reaffirmed commitment to 14-16% EBITDA margin in the medium term, despite near-term commodity headwinds.
Revenue
Targeting over 40% growth in global business this fiscal, aiming for 10% of revenue from exports.
Q3 FY26Price increase of ₹300 per vehicle in JanuaryActiveHero took a price hike of ₹300 per vehicle from January 1 to mitigate commodity cost inflation.