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Royal Enfield-maker Eicher Motors on November 13 reported 15% rise in net profit at Rs 1,573 crore for the quarter ended September 30, 2026 but missed estimates as costs from rising raw materials offset gains from strong motorcycle sales.

The company's revenue from operations increased 20% to Rs 7,422 crore in Q2FY27.

CNBC-TV18 pegged the net profit at Rs 1,605 crore and revenue at Rs 7,450 crore.

On November 13, Eicher Motors shares closed trading 1.3% higher at Rs 7,650. The results were announced in the post-market hours.

EBITDA grew 16% to its highest-ever at Rs 1,760 crore, as compared to Rs 1,512 crore in the same quarter of the previous financial year.

Royal Enfield recorded its highest-ever quarterly sales of 3,76,722 motorcycles, up 15% from 3,27,067 motorcycles sold during Q2FY26.

B Govindarajan, Managing Director - Eicher Motors Ltd., and Chief Executive Officer - Royal Enfield said, “Q2 of FY27 has been the best-ever quarter for Eicher Motors, with both Royal Enfield and VECV delivering solid performances. At Royal Enfield, the robust demand across domestic and key international markets drove our highest-ever quarterly and festive wholesales across September and October. This reflects the strength of our portfolio and growing affinity for the brand, even as market conditions continue to evolve.

"During the quarter we launched the Himalayan 440, which received exceptional demand, and introduced the Classic 350 Gorkha Edition, alongside several other portfolio refreshes. Our international markets continued to grow, supported by new launches and deeper engagement with riders. A significant milestone was the introduction of the Flying Flea C6, our first electric motorcycle, across five cities in Europe and the UK, building on its growing presence in India."

Expenses jumped nearly 22% in the quarter.

Rising costs have been a key concern for Indian automakers this year after the Middle East conflict increased prices of raw materials like steel and copper, pressuring margins and forcing companies to raise prices.

The company hiked prices of Royal Enfield motorcycles by 1.75% earlier this year to offset these costs.

Total exports rose 12.3% during the quarter.

Meannwhile, VE Commercial Vehicles’s (VECV) Revenue from operations in Q2FY27 stood at Rs 7,569 crore, up 24% from Rs 6,106 crore. EBITDA for the second quarter rose 23% to Rs 588 crore, from Rs 479 crore a year ago. Profit after tax stood at Rs 342 crore as against Rs 249 crore last year. VECV recorded sales of 28,071 vehicles in the second quarter, up 28.2% from 21,901 vehicles in the previous year.

With inputs from Reuters