The Royal Enfield maker reported revenue from operations stood at Rs 5,042 crore which was up 15% from Rs 4,393 crore reported in the corresponding quarter of the last financial year.
The PAT was down 11% on a sequential basis versus Rs 1,362 crore reported in Q4FY25 while the topline fell 4% versus Rs 5,241 crore in the January-March quarter.
Eicher Motors Q1 expenses
The company reported expenses of Rs 4,052 crore in Q1FY26 versus Rs 4,200 crore in Q4FY25 and Rs 3,409 crore in Q1FY25. The expenses were made on raw material cost, finance cost and employee expenses, among other things.
Royal Enfield Q1 sales
During the quarter, Royal Enfield recorded sales of 261,326 motorcycles, marking a growth of 14.7% from 227,736 motorcycles sold during Q1 FY 2024-25.
VE Commercial Vehicles’s (VECV)
Revenue from operations in Q1 FY2025-26 stood at Rs 5,671 crores, up 11.9% from Rs 5,070 crores in the same quarter of FY 2024-25. EBITDA for the first quarter rose 32.6% to Rs 511 crores, from Rs 385 crores a year ago. VECV sold 21,610 vehicles in the first quarter, up from 19,702 vehicles a year ago.
Management commentary
Talking about Eicher Motors’ performance, Managing Director B Govindarajan said that At Eicher Motors, the company had a solid start to the year, with encouraging growth across both Royal Enfield and VECV.”We continue to build consistent momentum in volumes, profitability, and the strength of our overall portfolio. At Royal Enfield, we have sustained our growth momentum in the first quarter, anchored by our continued focus on product innovation, immersive riding experiences, and a deeper expression of pure motorcycling. The refreshed Hunter 350 continues to be a key marker of growth for us, both in terms of volumes and community engagement,” said Govindarajan, who is also CEO of Royal Enfield.
“Moving ahead on our global ambition, we further strengthened our reach in the SAARC region and expanded our portfolio in Nepal with the locally assembled Classic 350. With a refreshed pipeline of motorcycles and a growing ecosystem of curated rides and culture-first experiences, we are shaping a vibrant and inclusive motorcycling movement,” he added.
He said that VECV, too, has delivered consistent growth, anchored in a strong product portfolio and a sharp understanding of India’s evolving commercial mobility needs.