Hero MotoCorp (HEROMOTOCO) — Announcement

📢 Key Event
Hero MotoCorp reported 36% YoY revenue growth in Q1 FY27 driven by premiumization and EV expansion.

🔄 What Changed
36% revenue growth, 23% volume growth, 400+ basis points EV market share gain, 13.3% EBITDA margin, 45,000 monthly EV capacity target

🔮 What's Next
Targeting 14-16% EBITDA margin by FY28

💡 Investor Takeaway
Shareholders should note Hero MotoCorp is prioritizing volume growth and EV scale over pricing to capture market share, with EBITDA margin recovery expected in FY28 after current compression.

Hero MotoCorp reported 36% YoY revenue growth in Q1 FY27 driven by 23% volume growth, premium product mix, and EV expansion, with EV revenue reaching INR 660 crores (5% of total). The company achieved 400+ basis points of EV market share gain and expanded capacity to 45,000 units/month by FY27 end, while targeting 14-16% EBITDA margin by FY28. Despite 300 bps gross margin pressure from commodity inflation, EBITDA margin declined only 120 bps to 13.3% due to cost controls, and management emphasized volume growth over price hikes amid low channel inventory.

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About Hero MotoCorp Limited (HEROMOTOCO)

Automobile and Auto Components · Automobiles · Listed on NSE

Market Cap: ₹1,01,337.07 Cr P/E: 18.6 ROE: 28.2% ROCE: 33.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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