Eicher Motors Q4 FY26 Results: Profit Rises 12% to ?1,520 Crore, Announces Final Dividend of ? 82

The Royal Enfield maker, Eicher Motors Limited, released its Q4 and full-year FY26 results on May 22, 2026. The company delivered a strong performance across both standalone and consolidated financials, with the board recommending a final dividend of ?82 per share for FY26, up 17% from ?70 per share paid in the previous year.

On a consolidated basis, Q4 FY26 revenue from operations was ?6,080 crore, up 16% from ?5,241 crore in Q4 FY25. PBT for the quarter stood at ?1,937 crore, up 16% from ?1,669 crore in Q4 FY25. PAT grew 12% to ?1,520 crore in Q4 FY26 from ?1,362 crore in Q4 FY25.?

EBITDA grew 20.4% year-on-year in the quarter, with EBITDA margin expanding to 24.7% from 24.0% in Q4 FY25. EPS on a basic basis was ?55.41, compared to ?49.69 in Q4 FY25.

For the full year, consolidated revenue from operations grew 24% to ?23,408 crore from ?18,870 crore in FY25. Total income rose 23% to ?24,894 crore.

PAT for the full year grew 16% to ?5,515 crore from ?4,734 crore in FY25. Basic EPS on a consolidated basis was ?201.09, up from ?172.76 in FY25.

Board recommends final dividend of ?82 per share?

The board of directors at its meeting on May 22, 2026, recommended a final dividend of ?82 per equity share of face value ?1 each for the financial year 2025-26.

Other key highlights?

Royal Enfield Volumes

Royal Enfield posted consolidated total volumes of 1,227,977 units in FY26, up 22.4% from 1,002,893 units in FY25. In Q4 FY26, volumes grew 11.8% year-on-year. Royal Enfield retained an 87% market share in the mid-size motorcycle segment (200cc+) in India for FY26, according to SIAM data, and held an 8.4% share of the overall Indian motorcycle market.

Internationally, the company held market shares of 9.7% in APAC, 7.6% in EMEA, and 6.6% in the Americas in the mid-size segment.

VECV Performance

The Volvo Group and Eicher Motors JV, VECV, had its best-ever year in FY26, crossing 1,00,000 units in sales with a 14.7% volume growth, outpacing the overall Commercial Vehicle (CV) industry growth of 13%.

Revenue from operations at VECV grew 15% to ?27,077 crore, while EBITDA grew 14.6% and PAT surged 26.2% to ?1,467 crore for the full year.

In Q4 FY26, VECV volumes grew 18.4% year-on-year to 33,976 units, with HD trucks growing 31.4% and LMD trucks rising 29.6%. VECV's Q4 revenue grew 16% while EBITDA rose 30.4% and PAT jumped 25.8% year-on-year.?

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