# Hero Motocorp (HEROMOTOCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/heromotoco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹5,513
- Change: -0.02%
- As of: 2026-11-06
- 1D return: -0.02%
- 5D return: +6.70%
- 1M return: +13.52%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

HEROMOTOCO is trading at ₹5,513.0 on 2026-11-06, positioned near the upper end of its recent ranges (+94.9% in the 20-day range) while remaining above all key daily and monthly moving averages and the Supertrend. This structure indicates a prevailing uptrend, yet conviction is mixed: the daily trend is weak (ADX 19.52), whereas the monthly trend remains strong (ADX 43.13). The stock has pulled back from its available high by 13.2%, with a current drawdown of -13.2%. Recent price action shows volatility, including a significant downward move on 2026-10-29 accompanied by elevated volume (volume ratio 2.03) and bearish reversal patterns like the Bearish Engulfing and Outside Bar, though these specific formations are no longer active. Participation was notably low on the latest close (volume ratio 0.25), suggesting indecision. Immediate resistance lies at ₹5,546.83 (0.61% above), with support at ₹5,494.17 (0.34% below).

- Trend Divergence: Daily momentum is weak (ADX 19.52) despite price staying above all major moving averages; monthly trend remains robust (ADX 43.13).
- Price Position: Trading at ₹5,513.0, near the top of the 20-day range (+94.9%) but 13.2% below the available high, indicating recent consolidation after gains.
- Key Levels: Monitor resistance at ₹5,546.83 and ₹5,579.67 for upside confirmation; watch support at ₹5,494.17 and ₹5,461.33 for downside risk.
- Volatility & Volume: High-volatility sell-off on 2026-10-29 (return -4.1%, volume ratio 2.03) contrasts with very low participation on the latest close (volume ratio 0.25), signaling potential indecision.

- Doji
- Harami
- Outside Bar
- Bearish Engulfing Reversal

### News Context

Hero MotoCorp reported strong operational momentum in early November 2026, anchored by a 16.5% year-on-year increase in October dispatches to 7,05,084 units, driven by channel inventory build-up ahead of the Diwali festival. The company advanced its global expansion strategy with VIDA commencing customer deliveries in 10 European countries via a direct-to-consumer model, while simultaneously unveiling the Xpulse 450 adventure motorcycle at EICMA 2026 for future international launch. Market sentiment remains constructive; BNP Paribas identified Hero MotoCorp among stocks capable of delivering double-digit returns, citing the company's leading market share expansion in the electric two-wheeler segment despite an overall sector penetration decline to 9.6%. These developments highlight robust domestic execution and strategic international diversification.

- October 2026 dispatches rose 16.5% YoY to 7,05,084 units, supported by pre-Diwali inventory accumulation.
- VIDA initiated European operations and customer deliveries across 10 countries using a direct-to-consumer model.
- BNP Paribas highlighted Hero MotoCorp as a potential double-digit return candidate, noting leadership in EV market share expansion.
- Xpulse 450 (421cc engine) was unveiled at EICMA 2026 for international markets, with no confirmed India launch date or price.

- [Ashok Leyland, M&M, TMPV, Eicher Motors, Bajaj Auto, Hero MotoCorp shares: Targets](https://www.businesstoday.in/markets/stocks/story/ashok-leyland-mm-tmpv-eicher-motors-bajaj-auto-hero-motocorp-shares-targets-565878-2026-11-05)
- [Hero Xpulse 450 unveiled with 421cc liquid-cooled engine, 225mm suspension travel: What we know about its India launch | Mint](https://www.livemint.com/auto-news/hero-xpulse-450-unveiled-with-421cc-liquid-cooled-engine-225mm-suspension-travel-what-we-know-about-its-india-launch-11793762479361.html)
- [Hero MotoCorp's VIDA begins European operations, starts deliveries in 10 countries](https://www.businesstoday.in/auto/story/hero-motocorps-vida-begins-european-operations-starts-deliveries-in-10-countries-565514-2026-11-03)
- [Channel inventory build-up for Diwali drives two-wheeler sales in October](https://www.thehindubusinessline.com/economy/channel-inventory-build-up-for-diwali-drives-two-wheeler-sales-in-october/article71655991.ece)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)

### Official Filings

Hero MotoCorp’s October 28, 2026 board meeting marked a significant inflection point for its international expansion and financial performance. The Board approved an additional investment of up to INR 300 crore in HMCL Netherlands B.V., earmarked for further capitalization of subsidiaries in Colombia and Brazil, signaling a strategic push into Latin American markets. Concurrently, the company reported robust Q2 FY27 results, with consolidated revenue growing 23% year-on-year to ₹14,970.50 crore and profit after tax surging 41% to ₹1,860.55 crore. This earnings beat was partially supported by a one-time ₹397 crore gain from changes in the share of investment in associates. Operationally, dispatches rose 16% to 734,403 units in October, driven by strong domestic ICE demand (675,017 units) and notable EV adoption, with VIDA dispatches reaching 30,143 units. On the product front, the company unveiled new premium concepts at EICMA 2026 and confirmed that its electric subsidiary, VIDA, has commenced customer deliveries across European markets.

- Capital Allocation: Board approved up to INR 300 crore additional investment in HMCL Netherlands B.V. to fund subsidiaries in Colombia and Brazil; HNBV remains wholly owned.
- Financial Performance: Consolidated Q2 FY27 revenue grew 23% YoY to ₹14,970.50 crore and PAT increased 41% YoY to ₹1,860.55 crore, including a ₹397 crore non-operating gain from associate investments.
- Volume Growth: October 2026 total dispatches reached 734,403 units (+16% YoY), comprising 675,017 domestic ICE units, 30,143 VIDA EV units, and 29,319 global business units.
- Strategic Expansion: VIDA began European customer deliveries as announced at EICMA 2026, while the company reaffirmed CAPEX guidance of ₹1,500 crore for FY27 and plans capacity expansion to 9.2 million units by March 2027.

- [Please find attached a copy of the Press Release being issued by the Company |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_03112026194207_StxintimationPR03112026.pdf)
- [Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor meeting(s)/ conference(s). |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_02112026165522_StxintimationInvestorConference.pdf)
- [Please find enclosed herewith a copy of the Press Release being issued by the Company. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_01112026194430_StxintimationPR01112026.pdf)
- [Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding the update on incorporation of a company under Section 8 of the Companies Act, 2013, under the name 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'. |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/HEROMOTO_30102026110358_Stxintimation30102026.pdf)
- [Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings call for the quarter and half year ended September 30, 2026 is available on the Company s website at:https://www.heromotocorp.com/en-in/company/investors/investor-relations/investor-calendar.html?key1=quarterly-call-recordings&key2=2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026153135_StxintimationEarningcall.pdf)
- [Pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached copies of the newspaper advertisement pertaining to financial results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026162623_STX_Intimation_NewspaperAdvertisement.pdf)
- [The Board of Directors at its meeting held today viz. October 28, 2026 has approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. A copy of the said results along with the limited review report, is enclosed. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026193636_OutcomeBM28102026.pdf)
- [Please find enclosed herewith a copy of the Press Release being issued by the Company. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026194501_OutcomeBM28102026Pressrelease.pdf)
- [The Board of Directors at its meeting held today has approved an additional investment of up to Rs. 300 Crore in HMCL Netherlands B.V., a wholly-owned subsidiary of the Company. |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026194951_OutcomeBM28102026investment.pdf)
- [Hero MotoCorp Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026200642_Stxintimationpresentation28102026.pdf)

### Fundamentals

Hero MotoCorp’s Q2 FY2026-27 results (Sep 2026) show robust top-line growth but a notable divergence in operating efficiency. Revenue rose 23% year-on-year to ₹14,971 crore, and net profit surged to ₹1,861 crore, driven by a sharp increase in other income to ₹619 crore. However, operating profit grew only modestly to ₹1,997 crore, causing the sequential PBIT margin to contract from ₹1,965 crore in Q1 to ₹1,944 crore despite higher sales. This suggests rising expenses outpaced revenue gains in the core business.

Financial health remains strong with cash flow from operations nearly doubling to ₹8,315 crore in FY2026, supporting an expansion of fixed assets to ₹7,419 crore. The company’s working capital cycle improved significantly, with debtor days falling to 18 days and the cash conversion cycle deepening to -40 days as of Mar 2026. Return on Capital Employed (ROCE) climbed to 35%, reflecting efficient capital deployment. Shareholding patterns show a slight dip in DII holdings (23.84%) and a rise in FII stakes (32.22%), while promoter holding remained stable at ~34.72%. The key checkpoint is whether the company can stabilize operating margins in subsequent quarters as it manages the cost pressures evident in Q2.

- Revenue grew 23% YoY to ₹14,971 crore in Sep 2026, but sequential PBIT decreased slightly to ₹1,944 crore from Q1's ₹1,965 crore, indicating margin pressure.
- Net profit jumped to ₹1,861 crore in Sep 2026, heavily supported by other income which more than doubled to ₹619 crore from ₹240 crore a year prior.
- Cash from operations surged to ₹8,315 crore in FY2026, while ROCE improved to 35% and debtor days fell to 18 days as of Mar 2026.
- Fixed assets expanded to ₹7,419 crore and borrowings increased to ₹1,419 crore as of Sep 2026, signaling continued investment capacity.

### Bull Case

Hero MotoCorp presents a conditional constructive case driven by operational momentum and strategic expansion, despite a year-to-date price decline of -5.6% and a current drawdown of -13.2%. In October 2026, the company reported a 16.5% increase in dispatches to 7,05,084 units, benefiting from channel inventory build-up ahead of the Diwali festival. This volume growth coincides with strong demand in the electric two-wheeler segment, where Hero leads market share expansion as penetration reaches 9.6%. Additionally, the brand VIDA has commenced European operations, initiating deliveries in 10 countries via a direct-to-consumer model, signaling successful international leverage of manufacturing capabilities. Product innovation is also evident with the unveiling of the Xpulse 450, featuring a 421cc liquid-cooled engine, targeting the middleweight adventure segment globally. While weekly technical indicators show bearish signals, daily and monthly trends remain bullish, with the stock trading near resistance levels at ₹5,546.83.

- October 2026 dispatches rose 16.5% to 7,05,084 units, supported by pre-Diwali inventory build-up and strong electric two-wheeler demand.
- VIDA brand launched European deliveries in 10 countries, expanding global footprint through a direct-to-consumer model.
- Unveiled Xpulse 450 (421cc, 46.7 bhp) for international markets, positioning against rivals like KTM and Royal Enfield.
- Daily and monthly technical trends are bullish; stock trades at ₹5,513.00 with resistance at ₹5,546.83.

- [Ashok Leyland, M&M, TMPV, Eicher Motors, Bajaj Auto, Hero MotoCorp shares: Targets](https://www.businesstoday.in/markets/stocks/story/ashok-leyland-mm-tmpv-eicher-motors-bajaj-auto-hero-motocorp-shares-targets-565878-2026-11-05)
- [Hero Xpulse 450 unveiled with 421cc liquid-cooled engine, 225mm suspension travel: What we know about its India launch | Mint](https://www.livemint.com/auto-news/hero-xpulse-450-unveiled-with-421cc-liquid-cooled-engine-225mm-suspension-travel-what-we-know-about-its-india-launch-11793762479361.html)
- [Hero MotoCorp's VIDA begins European operations, starts deliveries in 10 countries](https://www.businesstoday.in/auto/story/hero-motocorps-vida-begins-european-operations-starts-deliveries-in-10-countries-565514-2026-11-03)
- [Channel inventory build-up for Diwali drives two-wheeler sales in October](https://www.thehindubusinessline.com/economy/channel-inventory-build-up-for-diwali-drives-two-wheeler-sales-in-october/article71655991.ece)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- [Please find attached a copy of the Press Release being issued by the Company |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_03112026194207_StxintimationPR03112026.pdf)
- [Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor meeting(s)/ conference(s). |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_02112026165522_StxintimationInvestorConference.pdf)
- [Please find enclosed herewith a copy of the Press Release being issued by the Company. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_01112026194430_StxintimationPR01112026.pdf)
- [Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding the update on incorporation of a company under Section 8 of the Companies Act, 2013, under the name 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'. |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/HEROMOTO_30102026110358_Stxintimation30102026.pdf)
- [Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings call for the quarter and half year ended September 30, 2026 is available on the Company s website at:https://www.heromotocorp.com/en-in/company/investors/investor-relations/investor-calendar.html?key1=quarterly-call-recordings&key2=2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026153135_StxintimationEarningcall.pdf)

### Bear Case

Hero MotoCorp faces near-term headwinds reflected in its equity performance and technical structure. The stock has declined 5.6% year-to-date as of November 6, 2026, and is currently trading 13.2% below its recent peak, with a maximum historical drawdown of 24.8%. Technical indicators suggest weakening momentum: the weekly trend is bearish, and the daily Average Directional Index (ADX) has fallen to 19.52, indicating a lack of strong directional conviction despite a bullish super-trend signal. Resistance levels are immediate, with the nearest pivot at ₹5,546.83, just 0.61% above the closing price of ₹5,513.00, while support sits lower at ₹5,494.17. Although domestic dispatches rose 16.5% in October 2026 due to pre-Diwali inventory build-up, this growth reflects channel stocking rather than confirmed end-consumer demand. Additionally, the company's electric mobility brand VIDA has expanded into Europe, introducing execution risks associated with new international markets and direct-to-consumer logistics.

- Equity underperformance: The stock is down 5.6% year-to-date and trades 13.2% below its recent high, with a maximum drawdown of 24.8%.
- Weakening momentum: Weekly technical trends are bearish, and the daily ADX has dropped to 19.52, signaling low trend strength.
- Immediate resistance: The nearest resistance level is ₹5,546.83, only 0.61% above the current close of ₹5,513.00.
- Inventory-driven sales: October dispatches rose 16.5% to 7,05,084 units, driven by pre-festival channel inventory build-up rather than verified retail demand.

- [Ashok Leyland, M&M, TMPV, Eicher Motors, Bajaj Auto, Hero MotoCorp shares: Targets](https://www.businesstoday.in/markets/stocks/story/ashok-leyland-mm-tmpv-eicher-motors-bajaj-auto-hero-motocorp-shares-targets-565878-2026-11-05)
- [Hero Xpulse 450 unveiled with 421cc liquid-cooled engine, 225mm suspension travel: What we know about its India launch | Mint](https://www.livemint.com/auto-news/hero-xpulse-450-unveiled-with-421cc-liquid-cooled-engine-225mm-suspension-travel-what-we-know-about-its-india-launch-11793762479361.html)
- [Hero MotoCorp's VIDA begins European operations, starts deliveries in 10 countries](https://www.businesstoday.in/auto/story/hero-motocorps-vida-begins-european-operations-starts-deliveries-in-10-countries-565514-2026-11-03)
- [Channel inventory build-up for Diwali drives two-wheeler sales in October](https://www.thehindubusinessline.com/economy/channel-inventory-build-up-for-diwali-drives-two-wheeler-sales-in-october/article71655991.ece)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- [Please find attached a copy of the Press Release being issued by the Company |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_03112026194207_StxintimationPR03112026.pdf)
- [Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor meeting(s)/ conference(s). |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_02112026165522_StxintimationInvestorConference.pdf)
- [Please find enclosed herewith a copy of the Press Release being issued by the Company. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_01112026194430_StxintimationPR01112026.pdf)
- [Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding the update on incorporation of a company under Section 8 of the Companies Act, 2013, under the name 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'. |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/HEROMOTO_30102026110358_Stxintimation30102026.pdf)
- [Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings call for the quarter and half year ended September 30, 2026 is available on the Company s website at:https://www.heromotocorp.com/en-in/company/investors/investor-relations/investor-calendar.html?key1=quarterly-call-recordings&key2=2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026153135_StxintimationEarningcall.pdf)

### FAQs

**How did Hero MotoCorp perform in October 2026, and what drove the growth?**

Hero reported total dispatches of 734,403 units in October 2026, a 16% year-on-year increase from 635,808 units. This growth was driven by channel inventory build-up ahead of the Diwali festival. Domestic ICE dispatches were 675,017 units, while VIDA electric mobility dispatches reached 30,143 units.

**What new products and global expansions has Hero announced recently?**

At EICMA 2026, Hero unveiled the Xpulse 450 adventure motorcycle with a 421cc engine and launched its electric brand VIDA in European operations across 10 countries. The Xpulse 450 is launching internationally first, with no announced date or price for an eventual India release. Other concepts shown include the Harley-Davidson X350T and Novus Labs prototypes.

**What are the current technical support and resistance levels for the stock?**

As of November 6, 2026, the stock closed at ₹5,513.00. Immediate support is seen at ₹5,494.17 (pivot) and ₹5,461.33 (low). Resistance levels are located at ₹5,546.83, ₹5,579.67, and ₹5,632.33. The daily trend is bullish, while the weekly trend is bearish.

**How has the stock performed over different time periods?**

Year-to-date returns are -5.6%, with a one-year return of +3.5%. Over shorter horizons, the stock gained +8.6% in the last month and +9.2% over the past 10 days. The current drawdown is -13.2%, with a maximum historical drawdown of -24.8%.

- [Ashok Leyland, M&M, TMPV, Eicher Motors, Bajaj Auto, Hero MotoCorp shares: Targets](https://www.businesstoday.in/markets/stocks/story/ashok-leyland-mm-tmpv-eicher-motors-bajaj-auto-hero-motocorp-shares-targets-565878-2026-11-05)
- [Hero Xpulse 450 unveiled with 421cc liquid-cooled engine, 225mm suspension travel: What we know about its India launch | Mint](https://www.livemint.com/auto-news/hero-xpulse-450-unveiled-with-421cc-liquid-cooled-engine-225mm-suspension-travel-what-we-know-about-its-india-launch-11793762479361.html)
- [Hero MotoCorp's VIDA begins European operations, starts deliveries in 10 countries](https://www.businesstoday.in/auto/story/hero-motocorps-vida-begins-european-operations-starts-deliveries-in-10-countries-565514-2026-11-03)
- [Channel inventory build-up for Diwali drives two-wheeler sales in October](https://www.thehindubusinessline.com/economy/channel-inventory-build-up-for-diwali-drives-two-wheeler-sales-in-october/article71655991.ece)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- [Please find attached a copy of the Press Release being issued by the Company |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_03112026194207_StxintimationPR03112026.pdf)
- [Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor meeting(s)/ conference(s). |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_02112026165522_StxintimationInvestorConference.pdf)
- [Please find enclosed herewith a copy of the Press Release being issued by the Company. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/HEROMOTO_01112026194430_StxintimationPR01112026.pdf)
- [Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding the update on incorporation of a company under Section 8 of the Companies Act, 2013, under the name 'Hero MotoCorp Foundation- A Santosh Munjal Legacy'. |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/HEROMOTO_30102026110358_Stxintimation30102026.pdf)
- [Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings call for the quarter and half year ended September 30, 2026 is available on the Company s website at:https://www.heromotocorp.com/en-in/company/investors/investor-relations/investor-calendar.html?key1=quarterly-call-recordings&key2=2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026153135_StxintimationEarningcall.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹5,494.17
- Risk regime: Price Risk Currently Contained

### Support levels
- 5375
- 5183.0375
- 5049.60703125

### Resistance levels
- 5662.625
- 5809.875
- 5937

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.02% |
| return_10 | +9.23% |
| return_1m | +8.63% |
| return_1y | +3.51% |
| return_20 | +13.52% |
| return_3m | -0.68% |
| return_5 | +6.70% |
| return_6m | +6.63% |
| return_since_start | +31.75% |
| return_ytd | -5.62% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -24.80% |
| annualized_volatility | +26.80% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Hero MotoCorp Limited Q2 FY2026-27: Revenue up 14% sequentially

Consolidated revenue from operations rose 14.0% quarter on quarter to ₹14,971 crore in Q2 FY2026-27, while profit before tax edged down 1.0% to ₹1,944 crore. Profit for the period increased 31.2% to ₹1,861 crore, reflecting ₹417 crore of share of profit from associates and joint ventures accounted for using the equity method; profit from continuing operations declined 1.3% to ₹1,443 crore.

## Revenue growth outpaced by expenses

Income increased 11.7% sequentially to ₹15,172 crore, while expenses rose 13.8% to ₹13,228 crore. Other expenses increased 12.2% to ₹1,511 crore. Profit before exceptional items and tax was ₹1,944 crore, down from ₹1,965 crore in Q1 FY2026-27. Tax expense was broadly steady at ₹501 crore, compared with ₹503 crore in Q1.

## Equity-accounted earnings lifted reported profit

Profit from continuing operations was ₹1,443 crore, compared with ₹1,462 crore in Q1 FY2026-27. The ₹417 crore share of profit from associates and joint ventures helped lift profit for the period to ₹1,861 crore from ₹1,418 crore in Q1. Basic earnings per share from continuing and discontinued operations was ₹92.99, up from ₹70.59; diluted earnings per share was ₹92.91.

## Investment balances and fixed assets increased

At 30 September 2026, investments accounted for using the equity method stood at ₹6,049 crore, up from ₹3,901 crore at 31 March 2026 and ₹4,019 crore at 30 September 2025. Non-current investments were ₹6,176 crore, compared with ₹3,180 crore at 31 March 2026, while current investments fell to ₹8,780 crore from ₹12,205 crore. Property, plant and equipment increased to ₹6,316 crore from ₹5,325 crore, and capital work in progress rose to ₹422 crore from ₹245 crore over the same period.

## Working-capital balances shifted

At 30 September 2026, inventories were ₹3,076 crore, compared with ₹2,650 crore at 31 March 2026. Trade receivables were ₹3,248 crore, above ₹2,340 crore at 31 March 2026 but below ₹4,253 crore at 30 September 2025. Trade payables increased to ₹9,554 crore from ₹7,676 crore at 31 March 2026; current liabilities stood at ₹12,164 crore.

## Key Takeaway

Q2 brought strong sequential revenue growth, but expenses grew faster and pre-tax profit slipped slightly. The increase in reported profit was supported by equity-accounted earnings, while profit from continuing operations was lower than in Q1—an important distinction when assessing the quarter’s underlying earnings movement.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +34.73%
- FII holding: +31.08%
- DII holding: +24.26%
- Mutual fund holding: +13.63%
- Retail holding: +7.74%
- Promoter pledged: +0.00%

### Major reported shareholders

- BAHADUR CHAND INVESTMENTS PVT LTD — +20.01% (Bodies Corporate)
- PAWAN MUNJAL, RENU MUNJAL AND SUMAN KANT MUNJAL (ON BEHALF OF BMOP, PARTNERSHIP FIRM) — +13.96%
- Qualified Institutional Buyer — +8.33% (Other)
- LIFE INSURANCE CORPORATION OF INDIA — +5.14% (Other)
- KOTAK FLEXICAP FUND — +4.30%
- ICICI PRUDENTIAL LARGE CAP FUND — +2.38%
- GOVERNMENT PENSION FUND GLOBAL — +2.23%
- NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I — +2.15% (Other)
- MIRAE ASSET LARGE & MIDCAP FUND — +1.92%
- WGI EMERGING MARKETS FUND, LLC — +1.92%

## Official filings

- 2026-11-06 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_06112026204820_Stxintimation6112026newspaperadvertisment.pdf)
- 2026-11-03 — Press Release: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_03112026194207_StxintimationPR03112026.pdf)
- 2026-11-02 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_02112026165522_StxintimationInvestorConference.pdf)
- 2026-11-01 — Press Release: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_01112026194430_StxintimationPR01112026.pdf)
- 2026-10-30 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_30102026110358_Stxintimation30102026.pdf)
- 2026-10-29 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026153135_StxintimationEarningcall.pdf)
- 2026-10-29 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_29102026162623_STX_Intimation_NewspaperAdvertisement.pdf)
- 2026-10-28 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026193636_OutcomeBM28102026.pdf)
- 2026-10-28 — Press Release: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026194501_OutcomeBM28102026Pressrelease.pdf)
- 2026-10-28 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026194951_OutcomeBM28102026investment.pdf)
- 2026-10-28 — Earnings Presentation: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026200642_Stxintimationpresentation28102026.pdf)
- 2026-10-28 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_795_WebXMLFile_20261028_202052947.xml)
- 2026-10-28 — Financial Results Filing: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748300_28102026090830_WEB.xml)
- 2026-10-28 — Financial Results Filing: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748299_28102026090747_WEB.xml)
- 2026-10-28 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28102026220236_STXIntimationCodeUPSI.pdf)
- 2026-10-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_27102026181635_StxintimationNRC27102026.pdf)
- 2026-10-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_27102026182537_StxintimationNRC27102026.pdf)
- 2026-10-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_795_WebXMLFile_20261027_183244390.xml)
- 2026-10-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_795_WebXMLFile_20261027_183844443.xml)
- 2026-10-19 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_19102026110856_StxintimationInvestorMeet.pdf)
- 2026-10-19 — Shareholding Disclosure: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741580_19102026043440_WEB.xml)
- 2026-10-16 — Press Release: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_16102026202102_StxintimationPR16102026.pdf)
- 2026-10-15 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_15102026174230_Stxintimation74_5_15102026.pdf)
- 2026-10-14 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_14102026114006_Stxintimationnewspaperadvertisment.pdf)
- 2026-10-12 — Board Meeting Notice: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_12102026182400_StxintimationBM.pdf)

## News and market events

- 2026-11-07 — Mint: **Dividend dhamaka: 4 high yield stocks from brokerages' Diwali stock picks for Samvat 2083- Annual return, target price** — Brokerages have highlighted BPCL, Canara Bank, Hero MotoCorp, and HCL Tech as Diwali stock picks for Samvat 2083, citing their annual dividend yields ranging from 2.72% to 3.96%. These selections are presented ahead of the Muhurat trading session on November 8, targeting investors seeking regular income alongside potential capital appreciation. — [Source](https://www.livemint.com/market/stock-market-news/dividend-dhamaka-4-high-yield-stocks-from-brokerages-diwali-stock-picks-for-samvat-2083-annual-return-target-price-11794058869190.html)
- 2026-11-05 — BUSINESSTODAY: **Ashok Leyland, M&M, TMPV, Eicher Motors, Bajaj Auto, Hero MotoCorp shares: Targets** — BNP Paribas suggests that Mahindra & Mahindra, Maruti Suzuki, Eicher Motors, Hero MotoCorp, and Bajaj Auto could deliver double-digit returns, while Ashok Leyland and Tata Motors PV may see flattish performance. The brokerage's India electric vehicles note highlights a 7% month-on-month increase in electric two-wheeler registrations but a decline in penetration to 9.6%, with Hero MotoCorp leading market share expansion. Specific price targets were assigned to coverage stocks, including Rs 4,130 for M&M and Rs 8,750 for Eicher Motors, reflecting potential upside ranging from 1% to 42%. — [Source](https://www.businesstoday.in/markets/stocks/story/ashok-leyland-mm-tmpv-eicher-motors-bajaj-auto-hero-motocorp-shares-targets-565878-2026-11-05)
- 2026-11-04 — Mint: **Hero Xpulse 450 unveiled with 421cc liquid-cooled engine, 225mm suspension travel: What we know about its India launch | Mint** — Hero MotoCorp unveiled the Xpulse 450 adventure motorcycle at EICMA 2026, featuring a new 421cc liquid-cooled engine producing 46.7 bhp and connectivity features like Android Auto and Apple CarPlay. The company confirmed that the bike will launch in international markets first, with no announced date or price for its eventual India release. Upon launch, it is expected to compete in the middleweight adventure segment against rivals such as the KTM 390 Adventure and Royal Enfield Himalayan 450. — [Source](https://www.livemint.com/auto-news/hero-xpulse-450-unveiled-with-421cc-liquid-cooled-engine-225mm-suspension-travel-what-we-know-about-its-india-launch-11793762479361.html)
- 2026-11-03 — BUSINESSTODAY: **Hero MotoCorp's VIDA begins European operations, starts deliveries in 10 countries** — Hero MotoCorp's electric mobility brand VIDA has commenced European operations, initiating customer deliveries in 10 countries via a direct-to-consumer model supported by partner Elektrorider. This expansion aims to build an international presence for the two-wheeler maker, with specific models like the DIRT.E K3 and VX2 scooter available across the region. The move was announced at EICMA 2026 alongside other product launches, reflecting Hero's strategy to leverage its manufacturing capabilities for global markets. — [Source](https://www.businesstoday.in/auto/story/hero-motocorps-vida-begins-european-operations-starts-deliveries-in-10-countries-565514-2026-11-03)
- 2026-11-02 — The Hindu: **Channel inventory build-up for Diwali drives two-wheeler sales in October** — Domestic two-wheeler sales in India recorded double-digit year-on-year growth in October 2026, driven by channel inventory build-up ahead of the Diwali festival. Market leader Hero MotoCorp reported a 16.5% increase in dispatches to 7,05,084 units, while competitors including Honda Motorcycle & Scooter India, Bajaj Auto, and Royal Enfield also posted gains. Analysts noted that demand was particularly strong in the electric two-wheeler segment, which saw record volumes. — [Source](https://www.thehindubusinessline.com/economy/channel-inventory-build-up-for-diwali-drives-two-wheeler-sales-in-october/article71655991.ece)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-11-01 — The Hindu: **Festive cheer lifts electric two-wheeler retail to all-time peak of 2.24 lakh** — India’s electric two-wheeler sector recorded a record monthly retail volume of 2,23,886 units in October 2026, marking the third consecutive month exceeding two lakh units, while total two-wheeler registrations surged 28.7% year-on-year. Despite the volume growth, electric vehicle penetration fell from 11.58% in September to 9.65% in October because non-electric registrations grew at a faster rate of 31.5%. — [Source](https://www.thehindubusinessline.com/news/festive-cheer-lifts-electric-two-wheeler-retail-to-all-time-peak-of-224-lakh/article71652655.ece)
- 2026-10-30 — MONEYCONTROL: **Accumulate Hero MotoCorp; target of Rs 5850: Prabhudas Lilladher** — Brokerage firm Prabhudas Lilladher has issued a recommendation to accumulate shares of Hero MotoCorp, setting a price target of Rs 5850. — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-hero-motocorp-target-of-rs-5850-prabhudas-lilladher-14064695.html)
- 2026-10-30 — MONEYCONTROL: **Hero MotoCorp faces motorcycle growth risks despite strong scooter sales; Nomura retains 'Neutral'** — Nomura has retained a 'Neutral' rating on Hero MotoCorp, citing risks to motorcycle growth despite the company's strong scooter sales performance. — [Source](https://www.moneycontrol.com/news/business/stocks/hero-motocorp-faces-motorcycle-growth-risks-despite-strong-scooter-sales-nomura-retains-neutral-14064561.html)
- 2026-10-30 — MONEYCONTROL: **Buy Hero MotoCorp; target of Rs 6000: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Hero MotoCorp with a price target of Rs 6000. — [Source](https://www.moneycontrol.com/news/business/buy-hero-motocorp-target-of-rs-6000-icici-securities-14064369.html)
- 2026-10-30 — MONEYCONTROL: **Buy Hero MotoCorp; target of Rs 6450: Choice Institutional Equities** — Choice Institutional Equities has issued a 'Buy' recommendation for Hero MotoCorp with a price target of Rs 6450. — [Source](https://www.moneycontrol.com/news/business/earnings/buy-hero-motocorp-target-of-rs-6450-choice-institutional-equities-14064178.html)
- 2026-10-30 — MONEYCONTROL: **Hero MotoCorp: Growth broadens beyond motorcycles, but costs temper upside** — An analyst report indicates that while Hero MotoCorp's growth is broadening beyond motorcycles, rising costs are tempering its upside potential. — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/hero-motocorp-growth-broadens-beyond-motorcycles-but-costs-temper-upside-14064161.html)
- 2026-10-30 — Economic Times: **Hero MotoCorp bets on premiumisation, EVs to sustain growth momentum** — Hero MotoCorp reported a decline in its operating margin before depreciation and amortisation (Ebitda margin) to 13.4% for the September quarter despite double-digit volume growth, leading to a 3.6% drop in its stock price amid concerns over input cost inflation. The company expects to maintain stable margins for the December quarter by offsetting inflationary pressures through cost rationalisation and calibrated price increases, while retaining its -term Ebitda margin guidance of 14-16%. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-faces-margin-pressure-despite-strong-q2-growth/articleshow/135337599.cms)
- 2026-10-29 — Economic Times: **Hero MotoCorp to increase EV capacity to 80,000 units per month by Q2 FY28** — Hero MotoCorp intends to increase its Vida electric two-wheeler production capacity from 30,000 to 45,000 units per month by March, with a further expansion to over 80,000 units by Q2 FY28, driven by strong demand that has reduced dealer inventory to approximately one day's stock. — [Source](https://economictimes.indiatimes.com/industry/renewables/hero-motocorp-to-increase-ev-capacity-to-80000-units-per-month-by-q2-fy28/articleshow/135323642.cms)
- 2026-10-29 — FREEPRESSJOURNAL.IN: **Sensex Surges 905 Points, Nifty Closes At 22,936.75; Know- What Drove The Sharp Market Recovery?** — Indian equity markets ended the session with significant gains as the Sensex surged 905.01 points to close at 74,151.04 and the Nifty 50 advanced 237.90 points to settle at 22,936.75. The recovery was primarily driven by renewed buying interest in banking, FMCG, and real estate sectors, although individual stock performance varied based on quarterly earnings and management commentary. — [Source](https://www.freepressjournal.in/business/sensex-surges-905-points-nifty-closes-at-2293675-know-what-drove-the-sharp-market-recovery)
- 2026-10-29 — MONEYCONTROL: **Hero MotoCorp shares close 4% lower despite 42% profit growth; raw material costs weigh on margins but brokerage says ‘Buy’** — Hero MotoCorp shares closed 4% lower even though the company reported 42% profit growth, with rising raw material costs negatively impacting margins. A brokerage maintained a 'Buy' recommendation for the stock. — [Source](https://www.moneycontrol.com/news/business/markets/hero-motocorp-shares-close-4-lower-despite-42-profit-growth-raw-material-costs-weigh-on-margins-but-brokerage-says-buy-14063606.html)
- 2026-10-29 — The Hindu: **Hero MotoCorp not cutting down on investment to protect margins: CEO Harshvardhan Chitale** — Hero MotoCorp confirmed it will maintain its full-year capital expenditure guidance of ₹1,500 crore and continue investments in capacity expansion and brand building to support growth in premium scooters, electric vehicles, and global markets. The company reported that its Vida EV brand achieved gross margin positivity for the quarter with retail volumes rising 74% year-on-year to 66,000 units. — [Source](https://www.thehindubusinessline.com/companies/hero-motocoro-not-cutting-down-on-investment-to-protect-margins-ceo-harshvardhan-chitale/article71639561.ece)
- 2026-10-29 — BUSINESSTODAY: **GIFT Nifty down 95 pts; Hero Moto, Dr Reddys, ACME Solar, Titagarh, Suzlon among top stocks in focus** — Indian equity markets are set for a cautious opening on Thursday as traders assess the global monetary policy and rising crude oil prices. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-down-95-pts-hero-moto-dr-reddys-acme-solar-titagarh-suzlon-among-top-stocks-in-focus-564422-2026-10-29)
- 2026-10-29 — Mint: **Indian shares set for positive start after Fed holds rates steady; elevated oil weighs** — INDIA-STOCKS:Indian shares set for positive start after Fed holds rates steady; elevated oil weighs — [Source](https://www.livemint.com/market/stock-market-news/indian-shares-set-for-positive-start-after-fed-holds-rates-steady-elevated-oil-weighs-11793240729336.html)
- 2026-10-29 — CNBC-TV18: **Q2 Results Live Updates: Suzlon, Asian Paints, Trent, Laurus report today; Vedanta, Hero react** — Q2 Results LIVE Updates: Asian Paints, Trent, Coal India, Indigo, Suzlon, Blue Star, IEX, GCPL, Laurus Labs, Strides Pharma, Vedanta Power and many other companies report numbers today. Watch this space for all the live quarterly result updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-trent-asian-paints-suzlon-cil-indigo-ambuja-blue-star-gcpl-laurus-iex-strides-pidilite-vedanta-hero-usl-share-price-liveblog-20021974.htm)
- 2026-10-29 — Mint: **Top stocks to watch today: Jio Platforms, IndiGo, Coal India, Meesho shares in focus on Thursday, 29 Oct | Full list** — Top stocks to watch today: Jio Platforms, Coal India, IndiGo, Trent, Meesho, Hero Motocorp among shares in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-jio-platforms-indigo-coal-india-meesho-shares-in-focus-on-thursday-29-oct-full-list-11793236670600.html)
- 2026-10-29 — Economic Times: **Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon Energy** — Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-jio-platforms-ril-hero-motocorp-meesho-tvs-motor-vedanta-aluminium-and-suzlon-energy/articleshow/135273790.cms)
- 2026-10-28 — Economic Times: **Hero MotoCorp Q2 profit jumps 41% as scooter and EV sales surge** — Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q2-profit-jumps-41-as-scooter-and-ev-sales-surge/articleshow/135272243.cms)
- 2026-10-28 — The Hindu: **Hero MotoCorp’s Q2 FY27 net profit up 42% y-o-y ₹1,861 crore led by strong sales** — Hero MotoCorp reports Q2 FY27 net profit up 42% YoY to ₹1,861 crore and revenue up 23.4% to ₹14,970 crore, driven by strong scooter and electric momentum. — [Source](https://www.thehindubusinessline.com/companies/hero-motocorps-q2-fy27-net-profit-up-42-y-o-y-1861-crore-led-by-strong-sales/article71637279.ece)
- 2026-10-28 — Economic Times: **Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%** — Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q2-results-profit-surges-41-yoy-to-rs-1861-crore-revenue-jumps-23/articleshow/135270862.cms)

## Business profile

**Strategic vision:** Manufacturer of motorcycles and scooters for global customers.

### Business segments
- **Motorcycles:** The company produces a wide array of motorcycles catering to various segments.
- **Scooters:** Hero MotoCorp's scooter lineup is designed for varied customer needs, from everyday commuting to sporty performance.
- **Electric Vehicles (VIDA):** Through its VIDA brand, Hero MotoCorp is actively involved in electric mobility, aiming to usher in the Electric Age with green mobility technology and sustainability.

### Competitive strengths
- Global two-wheeler manufacturer by unit volumes sold.
- Extensive product portfolio across motorcycles, scooters, and electric vehicles.
- Global presence in 52 countries.
- History of manufacturing and R&D excellence.
- Commitment to sustainability and decarbonization goals.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/heromotoco
Markdown representation: https://faxioms.com/stocks/heromotoco?render=md