Eicher Motors Q3 FY26: Revenue up 23% to ₹6,114 Cr, PAT up 21% to ₹1,421 Cr. Royal Enfield capacity to 20 Lakh units.
Eicher Motors reported Q3 FY26 consolidated revenue of ₹6,114 crore, up 23% YoY. Profit After Tax grew 21% to ₹1,421 crore. Royal Enfield sales increased 21% to 325,773 units. VECV sales rose 24% to 26,086 units. The company approved a ₹958 crore brownfield expansion to increase Royal Enfield's capacity to 20 lakh units annually.
The announcement includes robust financial performance, strong sales growth across both major segments (Royal Enfield and VECV), and a significant capacity expansion plan which will directly impact future production and revenue.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax for the quarter. Significant capacity expansion plans were also approved, indicating positive future outlook.
Eicher Motors Limited (EML) announced its unaudited consolidated financial results for the quarter ended December 31, 2025, reporting its best-ever third quarter performance.
For Q3 FY 2025-26, EML reported Revenue from operations at ₹6,114 crores, a growth of 23% from the corresponding quarter of FY 2024-25. EBITDA grew 30% to its highest-ever at ₹1,557 crores, and Profit After Tax rose 21% to ₹1,421 crores from ₹1,171 crores last year.
Royal Enfield recorded quarterly sales of 325,773 motorcycles, up 21% from 269,039 motorcycles sold during Q3 FY 2024-25. VE Commercial Vehicles (VECV) recorded sales of 26,086 vehicles in the third quarter, up from 21,010 vehicles in the previous year. VECV’s Revenue from operations in Q3 FY 2025-26 stood at ₹7,019 crores, up 21% from ₹5,801 crores. EBITDA for the third quarter rose 26% to ₹652 crores, from ₹517 crores a year ago. Profit after tax stood at ₹338 crores as against ₹299 crores last year.
The EML Board also approved a proposal for capacity expansion at Royal Enfield through a brownfield expansion at the Cheyyar manufacturing facility in Tamil Nadu, taking annual production capacity up to 20 lakh units from the existing 14.6 lakh units. The company will invest an estimated ₹958 crores for this expansion.
B. Govindarajan, Managing Director of Eicher Motors Ltd., and Chief Executive Officer of Royal Enfield, stated that the quarter continued the steady momentum with encouraging performance from both Royal Enfield and VECV. He highlighted Royal Enfield's healthy demand, progress in product pipeline, capacity building, and engagement with the riding community. He also mentioned the brand's 125-year milestone celebrations at EICMA 2025 with new product unveilings and launches, alongside events like Motoverse and 'Journeying Across the Himalayas'. He added that the investment in capacity expansion aims to meet future demand and ensure cost-efficient operations.
Vinod Aggarwal, MD and CEO of VECV, noted a strong recovery in the Commercial Vehicle industry and VECV's best-ever third-quarter performance with sales of 26,086 vehicles, a 24.2% growth. He mentioned sustained industry leadership in the LMD truck segment and growth across Buses and Heavy Duty Truck segments. VECV also expanded its product portfolio with new truck variants and service touchpoints.
Business updates included Royal Enfield commemorating 125 years at EICMA 2025, concluding the Motoverse festival, and the second edition of 'Journeying Across The Himalayas'. New product launches and special editions were also highlighted.
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