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Eicher Motors : 2026-2027 Q1 Conference Call Transcripts
Eicher Motors : 2026-2027 Q1 Conference Call

About this update from Eicher Motors Limited
"Eicher Motors Limited Q1 FY27 Earnings Conference Call" July 29, 2026 Management: Mr. B. Govindarajan - Managing Director - Eicher Motors Limited and Chief Executive Officer - Royal Enfield Mr. B. Srinivas - Managing Director and Chief Executive Officer - VE Commercial Vehicles Limited (VECV) Ms. Vidhya Srinivasan - Chief Financial Officer - Eicher Motors Limited Moderator: Mr. Amit Hiranandani - Phillip Capital(india) Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call of Eicher Motors Limited hosted by PhillipCapital (India). As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star and then zero on your touchtone phone. I now hand the conference over to Mr. Amit Hiranandani from PhillipCapital (India). Thank you, and over to you, Mr. Hiranandani. Amit Hiranandani: Thanks, Sagar. Good evening, everyone. On behalf of PhillipCapital (India), I welcome you all to Eicher Motors Q1 FY27 Earnings Conference Call. I take this opportunity to welcome the management team from Eicher Motors Limited. Today, we have with us Mr. B. Govindarajan, Managing Director, EML and CEO of Royal Enfield; Mr. B. Srinivas, MD and CEO of VECV; and Ms. Vidhya Srinivasan, Chief Financial Officer. Now I hand it over to the management for their opening remarks. Thank you, and over to you, sir. B. Govindarajan: Thank you. Hello, everyone. Good evening. Thank you for joining Eicher Motors Limited earnings call for the first quarter of FY27. After a record-setting performance in FY26, about which you all would have read in the recently released annual report, we have kicked off the new financial year on an equally promising note. There has been an exceptional quarter across both the businesses. Royal Enfield registered its highest ever quarterly sales, while VECV also registered its highest ever Q1 sales. With both the businesses consolidating their market dominance, we are geared for a growth-led FY27. Now I'll begin with a broad summary of the overall financials. EML consolidated financials for the first quarter FY 26-27, our revenue, EML clocked its best ever Q1 revenue of INR 6,632 crores, marking a growth of 32% over INR 5,042 crores from Q1 ...
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