Eicher Motors achieved its highest-ever consolidated net profit of ₹1,520 crore in Q4FY26, representing a 12% increase from ₹1,362 crore in the corresponding period last year. According to reports from Business Standard, total revenue from operations jumped 16% YoY to ₹6,080 crore during the quarter ended March 31, 2026. The company's profit before tax stood at ₹1,936.86 crore, up 16.03% from ₹1,669.16 crore in the corresponding quarter last year. EBITDA reached ₹1,514 crore, marking a 20% year-on-year growth during the quarter. The record performance was driven by record motorcycle sales at Royal Enfield and continued growth in its commercial vehicle business, with last year's tax cuts continuing to boost demand for high-margin 350cc motorcycles.
Royal Enfield achieved its highest-ever fourth-quarter sales at 313,811 motorcycles, reflecting a 12% increase over Q4 FY25, as reported by Business Standard. Meanwhile, Volvo Eicher Commercial Vehicles (VECV) recorded quarterly sales of 33,976 vehicles, compared with 28,675 vehicles in the same period last year, breaching the 100,000 annual sales milestone for the first time. For the full financial year FY26, Eicher Motors posted revenue from operations of ₹23,408 crore, up 24% YoY. EBITDA stood at ₹5,785 crore, registering a 23% increase, while profit after tax rose 17% YoY to ₹5,515 crore. VECV reported its highest-ever annual revenue from operations at ₹27,076.6 crore, reflecting a 15% YoY increase. VECV sold 103,404 vehicles during FY26, registering growth of 14.7% over FY25.
According to Business Standard, Royal Enfield achieved its highest-ever annual sales in FY26, crossing 1.2 million units for the first time and marking the second consecutive year of surpassing the 1 million annual sales milestone. Total volumes stood at 1,227,977 motorcycles, up 22% YoY. Domestic sales rose 23% to 1,107,343 units, while exports increased 20% to 120,634 units. VECV also reported its highest-ever annual revenue from operations at ₹27,076.6 crore, reflecting a 15% YoY increase. VECV's EBITDA stood at ₹2,562.6 crore, while profit after tax rose to ₹1,471 crore.
As reported by Business Standard, B. Govindarajan, managing director of Eicher Motors and CEO of Royal Enfield, highlighted that FY26 marked an exceptional year with strong growth and record volumes. The company committed to significant investments, including the brownfield capacity expansion at Cheyyar with ₹958 crores and strategic expansion plan at Tada in Andhra Pradesh. The board has recommended a final dividend of ₹82 per equity share for FY26, subject to shareholders approval at the ensuing 44th Annual General Meeting. For FY27, the company has lined up a total capital expenditure of around ₹3,400 crore, including ₹2,200 crore for Royal Enfield and ₹1,000-1,200 crore for VE Commercial Vehicles. The counter added 1.22% to ₹6,983.70 on the BSE following the results announcement.
Royal Enfield is evaluating the possibility of setting up a completely knocked down (CKD) assembly facility in Mexico after the country increased import tariffs on motorcycles. As reported by Business Standard, tariffs in Mexico had increased from 15% to 35% from January, prompting the company to reassess its strategy for the market. Royal Enfield currently operates around seven CKD assembly plants globally and could replicate the model in Mexico if required. "The Mexico tariff has been slightly changed. We are studying that. Is there a requirement for us to have a manufacturing facility or not? We are constantly evaluating it," Govindarajan stated. The company marked a major milestone in April 2026 with its entry into the electric mobility space via the launch of the Flying Flea C6.
