Hero MotoCorp Ltd

- Industry expected to grow in high single digits in FY27 with broad-based growth across segments including rural and urban markets. - Hero MotoCorp expects to outpace industry growth through new product launches and brand building. - Strong momentum seen in Q3 and Q4 with continued double-digit industry growth. - Volume growth led by scooters (both ICE and EV), premium motorcycles, and entry-level segments. - Exports growing rapidly (~50% YTD) with plans to expand presence in global markets. - First-time buyers increasing, constituting ~80% of customer base recently. - Focus on capacity expansion planned for FY27 to meet demand, including EV battery supply. - Highest ever quarterly revenue of INR 12,328 crore in Q3 with a 21% YoY revenue growth. - EBITDA and PAT growing at 23% and 20% normalized YoY respectively. - Company plans to address supply constraints for models like Xtreme 125R and to grow market share in underrepresented, high-growth categories.

- Q3 FY26 reported PAT grew 12% YoY, normalized PAT grew 20% YoY. - EBITDA grew 23% YoY; ICE business EBITDA margin expanded by 100 bps to 17%. - Strong volume and revenue growth expected to continue, driven by new product launches, premium and scooter segments, EV, exports, and parts business. - The company sees substantial growth headroom in scooters, premium, EV, exports, and parts, aiming to outgrow the market in underrepresented categories. - Supply chain and capacity expansions planned to support volume growth and margin expansion. - Commodity cost increases partially mitigated by pricing and LEAP savings; margins expected to hold or expand due to cost rationalization and overhead dilution. - FY27 seen as a year of marked capacity expansion, supporting higher growth and profits. - Continued strong rural and urban demand and global expansion expected to drive broad-based volume and profit growth. - Overall, Hero MotoCorp expects strong earnings and profit growth ahead through diversified portfolio and market expansion.

The transcript provided does not explicitly mention the current or expected order book or pending orders for Hero MotoCorp Limited. However, some relevant insights can be inferred: - The company is experiencing strong demand in various segments including scooters, motorcycles, EVs, and exports. - Supply chain capacity enhancements are underway to meet high growth, especially in scooters, EVs, and exports, indicating strong order inflow and the need to resolve supply bottlenecks. - Dealers have expressed that they could sell more VIDA (EV) models if they received adequate supply, suggesting existing demand outpaces current supply. - Channel inventory has been judiciously managed and is currently at lower levels, but plans are in place to build up stocks ahead of strong seasonal demand (marriage and festive seasons). - New product introductions and refreshed models are generating good traction, supporting a healthy order pipeline. No specific numeric details about order book or pending orders are disclosed.

The document does not explicitly mention any current or future plans for fundraising through debt or equity for Hero MotoCorp Limited. Key points related to finances and investments include: - EBITDA investment of INR 208 crores in the EV segment in Q3 FY26. - Focus on capacity expansion, particularly in FY27, to support EV growth. - Hero FinCorp (financing arm) has plans to increase secured lending from 68% to mid-70% next year, with goals to reduce credit costs and improve collections. - No indication of changes in financing relationships post potential listing of Hero FinCorp. - No mention of planned equity or debt fundraising initiatives in the transcript. Therefore, based on the provided pages, there is no disclosed plan for new debt or equity funding at this time.

- Capacity expansion is planned for FY27, aiming for a marked increase, particularly in EV production (Page 18). - Focus on supply chain and capacity enhancements to support growth in high-demand models like Xtreme 125R and exports (Page 14). - Continuous investment in building more EV models qualifying for production-linked incentive (PLI) to improve domestic value addition (Page 15). - Expansion of premium store footprint to 106 stores, covering over 50% of the market (Page 18). - Investments in global markets through capacity building and channel expansion in Latin America, Africa, Europe, and Philippines (Page 13). - Efforts to strengthen supplier partnerships and co-development for capacity augmentation in fast-growing categories such as EVs and scooters (Page 15).