Eicher Motors Q2 results: Royal Enfield motorcycle manufacturing company Eicher Motors Ltd has announced the results for the September 2025 quarter (Q2 FY26). The company’s results were not as expected, after which the shares fell by 2%.
Profit increased, but less than expected
Eicher Motors’ net profit rose 24.5% year-on-year to ₹1,369 crore, but fell short of CNBC-TV18’s estimate of ₹1,451 crore.
However, revenue grew 45% year-on-year to ₹6,176 crore. This figure was slightly better than CNBC-TV18’s estimate of ₹6,132 crore. The main reason for growth in this quarter was strong sales volumes.
Boom in sales of Royal Enfield
There was a tremendous increase in the sales of Eicher Motors’ flagship brand Royal Enfield. Its volume grew by 43% on an annual basis and 23% on a quarterly basis. Whereas Commercial Vehicle (CV) segment sales grew by 6% annually, but remained almost stable on a quarterly basis.
EBITDA close to estimates, margin decline
Eicher Motors’ EBITDA rose 39% YoY to ₹1,513 crore, close to CNBC-TV18’s estimate of ₹1,516 crore. However, EBITDA margin declined 100 basis points to 24.5% from 25.5% last year. This was slightly less than the expected 24.7%.
The company said the impact on margins was due to weak product mix and high raw material costs.
Status of Eicher Motors shares
Shares of Eicher Motors closed 1.2% lower at ₹6,796.50 after the results. It has given a return of 25.42% in the last 6 years. At the same time, there has been an increase of 48.11% in 1 year. So far in the year 2025, this stock has given a return of about 40%. The market cap of the company is Rs 1.87 lakh crore.
What is the business of Eicher Motors?
Eicher Motors Ltd is an Indian automobile company, known for its famous motorcycle brand Royal Enfield. The company’s business is not limited to bikes only, but it also works in areas like commercial vehicles (trucks and buses), engineering solutions and automotive parts manufacturing.
The company started by manufacturing tractors and trucks, but now its biggest business segment is Royal Enfield, the demand for which is increasing rapidly in India as well as abroad. Apart from this, VECV (Volvo Eicher Commercial Vehicles), a company formed in partnership with Volvo Group of Eicher Motors, plays an important role in the manufacturing of trucks and buses.
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