Hero Motocorp
Hero Motocorp Q4 FY26 Results & Concall Highlights: Capex ₹1,500 Cr
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Industry expects high single-digit volume growth in FY '27, with scooters growing a couple of points more than motorcycles. Hero MotoCorp expects high single-digit volume growth in FY '27, with scooters growing faster than motorcycles.
From Hero Motocorp's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Industry expects high single-digit volume growth in FY '27, with scooters growing a couple of points more than motorcycles.
- Hero MotoCorp plans to outgrow the industry in both motorcycles and scooters in FY '27.
- Expansion in scooter capacity: Destini capacity increased by 50%, Xoom capacity being doubled this quarter.
- EV capacity to more than double by the end of FY '27 (from 15,000 to 30,000 monthly, with further doubling planned).
- Growth driven by multiple new launches across commuter and high displacement bikes, and new products in the VIDA electric segment.
- Expects continued momentum in premium, scooter, EV, and global business segments.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Hero Motocorp said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- ₹1,500 crores capex planned for FY '27, focused on capacity expansion in scooters and EVs.
- Doubling capacity for some popular scooter models, including Destini (already increased 50%) and Xoom (in process of doubling).
- EV capacity to double within a month from last year’s start, with further doubling planned in upcoming quarters.
- ₹700 crores committed to build a second global parts center in South India, doubling parts handling capacity.
- Continued investment in brand building with a 22% increase in advertising and promotion spend last year, to continue this year.
- Strong focus on new product launches across VIDA brand, premium ranges, and scooters throughout the year.
2 more points management made on capital expenditure plans
Top-ranked in Automobiles
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Hero Motocorp said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Hero Motocorp — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹13.0K Cr, net profit ₹1.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Hero Motocorp's management said in earlier quarters
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Frequently Asked Questions
What were Hero Motocorp Q4 FY26 results?
Industry expects high single-digit volume growth in FY '27, with scooters growing a couple of points more than motorcycles. Hero MotoCorp expects high single-digit volume growth in FY '27, with scooters growing faster than motorcycles.
What is Hero Motocorp share price analysis?
Hero Motocorp currently shows a neutral. The stock trades at a P/E of 20.9 with a market cap of ₹115,882 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hero Motocorp planning capital expenditure?
₹1,500 crores capex planned for FY '27, focused on capacity expansion in scooters and EVs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.