Hero MotoCorp Posts Record FY26 Results: Profit Jumps 30% YOY, Dividend at ₹185 per Share

Hero MotoCorp reported a record financial performance for the financial year ended March 31, 2026, driven by strong demand, improved margins, and continued expansion across premium and global segments. The company also announced a robust dividend payout, underlining its strong cash generation during the year.

For FY26, Hero MotoCorp posted revenue from operations of ₹46,830 crore, marking a 15% year-on-year increase, while profit after tax (PAT) rose 14% to ₹5,268 crore.

The growth was supported by higher volumes, favourable product mix, and cost efficiencies. Operating performance improved as well, with EBITDA margin expanding to 14.7%, up 30 basis points compared to the previous fiscal.

The company sold 64.69 lakh units during the year, reflecting a 10% growth over FY25. Demand remained strong across segments, particularly in entry-level motorcycles, scooters, and premium offerings, aided by product refreshes and a strong festive season.

The fourth quarter provided a strong finish to the year. Q4 FY26 revenue stood at ₹12,797 crore, up 29% year-on-year, while quarterly PAT rose 30% to ₹1,401 crore. This sharp growth indicates improving demand momentum and operational efficiency.

On the profitability front, profit before tax (before exceptional items) stood at ₹7,091 crore, up 16% year-on-year. However, the company recorded an exceptional expense of ₹119 crore related to provisions for implementing the new labour code. Despite this one-time impact, overall profitability remained strong.

At the consolidated level, Hero MotoCorp delivered even stronger growth. Consolidated revenue rose 16% to ₹47,411 crore, while PAT surged 32% to ₹5,776 crore. The higher growth in consolidated profit was partly driven by contributions from associates and strategic investments.

The company’s balance sheet remains robust, supported by strong cash flows. Hero MotoCorp generated over ₹8,300 crore in operating cash flows during FY26, providing ample liquidity for investments and shareholder payouts. Reflecting this strength, the board recommended a final dividend of ₹75 per share. Including the interim dividend of ₹110 per share, the total dividend for FY26 stands at ₹185 per share.

Strategically, the year marked continued progress in emerging mobility and global expansion. The company’s electric vehicle business under the VIDA brand recorded around 190% growth, while its global business grew 40% year-on-year, with expansion into new markets such as Europe and the UK.

Hero MotoCorp also strengthened its EV ecosystem through investments, including a ₹720 crore infusion into Euler Motors.

Overall, Hero MotoCorp’s FY26 performance highlights strong execution across its core business alongside a clear push into future growth areas. With improving margins, solid demand outlook, and continued investments in electric and premium segments, the company appears well-positioned for sustained growth in the coming years.

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