Eicher Motors posts record Q4 profit, earmarks ₹3,400 cr FY27 capex
Q4 FY26 net profit hit ₹1,520 cr (+12%) on revenue of ₹6,080 cr (+16%). FY26 PAT rose to ₹5,515 cr (+17%) as Royal Enfield crossed 1.23 mn units (+22%). FY27 capex of ₹3,400 cr includes ₹2,200 cr for Royal Enfield plus Cheyyar (₹958 cr) and Tada capacity expansion. Dividend declared at ₹82/share.
What happened
Eicher Motors posted record Q4 FY26 profit of ₹1,520 cr and FY26 PAT of ₹5,515 cr, with Royal Enfield crossing 1.2 mn units. Plans ₹3,400 cr FY27 capex
Key facts
- Q4 net profit ₹1,520 cr +12%
- Q4 revenue ₹6,080 cr +16%
- FY26 revenue ₹23,408 cr +24%
- FY26 PAT ₹5,515 cr +17%
- Royal Enfield FY26 sales 1,227,977 units +22%
- FY27 capex ₹3,400 cr
- Cheyyar expansion ₹958 cr
- Dividend ₹82/share
Why this matters
₹2,200 cr Royal Enfield reinvestment plus dual-plant expansion telegraphs organic-first strategy—M&A windows likely confined to EV powertrain tuck-ins or premium accessory/apparel adjacencies.