Hero MotoCorp Revenue History — Quarter by Quarter

Hero MotoCorp's revenue moved from ₹9,728 Cr in Q1 FY26 to ₹12,978 Cr in Q4 FY26, a 33.4% change over 4 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ 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	—

What management said about revenue

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

Management 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 FY26 · Company to outgrow industry in FY27

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

Q3 FY26 · Industry growth of double-digit in Q4 FY26

Management expects the two-wheeler industry to grow by double digits in the current quarter (Q4 FY26).

Q3 FY26 · Hero to grow ahead of industry

With new product launches and brand investments, Hero expects to outpace industry growth.

Q3 FY26 · FY27 industry growth in high single digits

Industry growth likely to moderate to high single digits in FY27 due to high base in second half.

Q3 FY26 · Price increase of ₹300 per vehicle in January

Hero took a price hike of ₹300 per vehicle from January 1 to mitigate commodity cost inflation.

Q2 FY26 · H2 FY26 industry growth 8-10%

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

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

Management expects the two-wheeler industry to grow 6-7% in FY26, with festive season demand recovery.

Q1 FY26 · Global business to grow over 40% in FY26

Targeting over 40% growth in global business this fiscal, aiming for 10% of revenue from exports.