The country’s largest two-wheeler manufacturer, Hero MotoCorp on Wednesday reported consolidated net profit of ₹1,861.3 crore for the second quarter (Q2) ended September, up 42.1 per cent year-on-year (y-o-y) as compared with around ₹1,309 crore in the same period last year, led by strong performance across all its segments including premium, scooter, electric mobility, global business and commuter.
Consolidated revenue from operations also grew by 23.4 per cent y-o-y to ₹14,970.5 crore in the July-September quarter as compared with ₹12,218.3 crore in the corresponding quarter last financial year (FY26).
During the quarter, the company sold 18.68 lakh motorcycles and scooters, registering 10.4 per cent y-o-y growth as compared with 16.91 lakh units in Q2 FY26 — reflecting sustained consumer demand across markets and segments, the company said in a filing to stock exchanges.
“We delivered a strong performance this quarter, with scooters emerging as a key growth contributor, supported by healthy momentum across both ICE (internal combustion engine) and Vida electric portfolio…Our 100cc motorcycle segment also continued to contribute to overall growth, underscoring the resilience of our portfolio,” Harshavardhan Chitale, Chief Executive Officer, Hero MotoCorp, said.
Going forward, the company’s focus remains on sustaining this positive momentum, driving profitable growth and building a more diversified and future-ready business, he added.
The company’s scooter portfolio grew by healthy 47 per cent to 2.40 lakh units. ICE scooters continued to gain market share led by Destini and Xoom series, which grew by 50 per cent y-o-y with dispatches of 1.37 lakh units during the quarter, he informed adding that Vida recorded 76 per cent y-o-y retail growth, reaching 66,531 units during the quarter.
Meanwhile, the company also said its Board has approved additional investment of up to ₹300 crore in HMCL Netherlands BV, a wholly-owned subsidiary of the company, in one or more tranches, for the purpose of further investment in its subsidiary companies — HMCL Colombia S.A.S and Hero MotoCorp Do Brasil Ltda.
Shares of Hero MotoCorp closed at ₹5,300 apiece on the BSE on Wednesday, up 1.53 per cent from the previous close.
Published on October 28, 2026
