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Hero MotoCorp Q4 Results FY26: PAT Rs 1401 Crore Up 30 Percent, Dividend Rs 75 Per Share

  • May 6, 2026
  • Posted by: Kashish Aggarwal
  • Category: News
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Hero MotoCorp Q4 Results FY26
 

Hero MotoCorp Q4 results FY26 reported standalone profit after tax of Rs 1,401 crore for the quarter ended March 31, 2026, up 30 percent year on year from Rs 1,077 crore in Q4 FY25. The Hero MotoCorp Q4 results revenue from operations stood at Rs 12,797 crore as the company sold 17.14 lakh two-wheeler units in Q4, up 24 percent year on year, marking one of the strongest quarterly volume performances in the company’s history across 125cc, 150cc, and EV segments.

The Hero MotoCorp Q4 results EBITDA grew 31 percent year on year to Rs 1,856 crore, with EBITDA margins improving year on year as operating leverage from higher volumes combined with metal commodity cost tailwinds. The Hero MotoCorp Q4 results board recommended a final dividend of Rs 75 per equity share for FY26, adding to the Rs 110 per share interim dividend already paid, taking the total FY26 dividend to Rs 185 per share versus Rs 165 per share in FY25.

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Table of Contents

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  • Hero MotoCorp Q4 FY26 Results at a Glance
  • Key Highlights from Hero MotoCorp Q4 results
    • Volume of 17.14 Lakh Units Up 24 Percent is Strongest Quarter in Hero MotoCorp Q4 Results History
    • EBITDA of Rs 1856 Crore Up 31 Percent Shows Operating Leverage in Hero MotoCorp Q4 Results
  • What Drove Hero MotoCorp Q4 FY26 Performance
  • Dividend and Capital Allocation
  • Outlook for FY27
  • Conclusion
  • Frequently Asked Questions
    • What was the Hero MotoCorp Q4 results FY26 net profit?
    • What was the Hero MotoCorp Q4 results FY26 volume?
    • What dividend did Hero MotoCorp declare in Q4 results FY26?
    • What is the outlook after Hero MotoCorp Q4 results FY26?
  • Recent Article

Hero MotoCorp Q4 FY26 Results at a Glance

Metric Q4 FY26 Change / Context
Q4 Standalone PAT Rs 1,401 crore +30% YoY vs Rs 1,077 crore
Q4 Revenue from Operations Rs 12,797 crore On strong volume growth
Q4 EBITDA Rs 1,856 crore +31% YoY
Q4 Volumes 17.14 lakh units +24% YoY
Consolidated PAT Rs 1,460 crore Including subsidiaries
Final Dividend FY26 Rs 75 per share Total FY26 = Rs 185 per share

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Key Highlights from Hero MotoCorp Q4 results

Volume of 17.14 Lakh Units Up 24 Percent is Strongest Quarter in Hero MotoCorp Q4 Results History

Hero MotoCorp Q4 results volume of 17.14 lakh units, up 24 percent year on year, reflects broad-based demand recovery across rural and urban markets. The Hero MotoCorp Q4 results benefited from a strong rabi harvest season driving rural income and demand for commuter motorcycles, particularly the Splendor and HF Deluxe platforms. Urban demand for 150cc-plus and the Xtreme 160R also improved. EV deliveries under the VIDA brand contributed incrementally to Hero MotoCorp Q4 results top-line performance.

EBITDA of Rs 1856 Crore Up 31 Percent Shows Operating Leverage in Hero MotoCorp Q4 Results

Hero MotoCorp Q4 results EBITDA of Rs 1,856 crore, up 31 percent year on year, demonstrates significant operating leverage. Fixed cost absorption improved as utilisation rates at Dharuhera, Haridwar, and Neemrana plants rose with higher volumes. Steel and aluminium input costs in the Hero MotoCorp Q4 results period remained manageable. Employee cost rationalisation and localisation of premium components also contributed to EBITDA margin improvement in Hero MotoCorp Q4 results.

What Drove Hero MotoCorp Q4 FY26 Performance

The Hero MotoCorp Q4 results performance was driven by the strongest volume quarter in years, rural market recovery on the back of a good rabi harvest, and urban demand uptick for premium commuters and 150cc segments. The Hero MotoCorp Q4 results top-line of Rs 12,797 crore also benefited from price increases taken in FY26 that flowed through in Q4. Commodity cost tailwinds on steel and aluminium, combined with a more favourable product mix in Q4 with higher-priced 150cc and 200cc units gaining share, produced the 31 percent EBITDA growth embedded in Hero MotoCorp Q4 results.

Dividend and Capital Allocation

The Hero MotoCorp Q4 results board recommended a final dividend of Rs 75 per equity share for FY26. Combined with the Rs 110 per share interim dividend paid earlier in FY26, the total FY26 dividend of Rs 185 per share represents an increase from Rs 165 per share in FY25 and Rs 140 per share in FY24. Hero MotoCorp Q4 results continue the company’s tradition of distributing a substantial portion of free cash flow to shareholders.

Outlook for FY27

Following the Hero MotoCorp Q4 results, FY27 outlook is constructive with continued rural demand recovery, new launches in the VIDA EV lineup, and entry into the 125cc scooter segment expected in H1 FY27. Management at Hero MotoCorp Q4 results briefing noted that the company’s export strategy targeting Africa and Central America is gaining traction and could add incremental volumes in FY27. Analyst consensus targets range Rs 4,500 to Rs 5,200 for Hero MotoCorp post Q4 results.

Conclusion

The Hero MotoCorp Q4 results FY26 confirm a record quarter with 30 percent PAT growth to Rs 1,401 crore, 24 percent volume growth to 17.14 lakh units, and EBITDA of Rs 1,856 crore up 31 percent. Total FY26 dividend of Rs 185 per share, up from Rs 165 in FY25, underscores shareholder value creation. Track live Hero MotoCorp Q4 results data on the Univest Screener.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making investment decisions.

Frequently Asked Questions

What was the Hero MotoCorp Q4 results FY26 net profit?

Hero MotoCorp Q4 results FY26 reported standalone PAT of Rs 1,401 crore, up 30 percent year on year. Consolidated PAT was Rs 1,460 crore. EBITDA grew 31 percent to Rs 1,856 crore with 17.14 lakh unit volumes, up 24 percent year on year.

What was the Hero MotoCorp Q4 results FY26 volume?

Hero MotoCorp Q4 results FY26 volumes were 17.14 lakh two-wheeler units, up 24 percent year on year, driven by rural market recovery and broad-based demand across the commuter, premium commuter, and VIDA EV segments.

What dividend did Hero MotoCorp declare in Q4 results FY26?

Hero MotoCorp Q4 results board recommended a final dividend of Rs 75 per share, taking total FY26 dividend to Rs 185 per share versus Rs 165 per share in FY25, reflecting strong free cash flow generation.

What is the outlook after Hero MotoCorp Q4 results FY26?

Following Hero MotoCorp Q4 results, FY27 outlook is positive with EV lineup expansion, 125cc scooter launch, export market entry in Africa, and continued rural demand recovery. Analyst targets range Rs 4,500 to Rs 5,200.

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Author: Kashish Aggarwal
Kashish Aggarwal is a Financial Content Writer at Univest, covering Indian equity markets with a focus on share price target frameworks, technical analysis education, and sector deep-dives. Her published work spans bull-case/bear-case share price analysis, event-driven stock reactions, and beginner-friendly educational guides. Her articles blend fundamental analysis (analyst consensus targets, P/E, loan book quality, margin dynamics) with technical analysis (moving averages, 200-DMA, support/resistance levels) — giving retail investors a complete framework before any position. All articles are reviewed by Univest's in-house equity research team, led by Ankit Jaiswal, Senior Equity Research Analyst, to meet SEBI editorial standards. Coverage Areas • Share price targets — REC Ltd, Adani Green Energy (bull/bear case frameworks) • Event-driven analysis — Redington (US tariff impact), Star Cement (technical breakdown) • Technical analysis education — Direct Market Access, 200-DMA, indicator interpretation • Thematic listicles — Highest Dividend Paying Stocks, Real Estate Penny Stocks, Intraday Picks • Sector coverage — IT distribution, renewable energy, infrastructure finance, cement, real estate

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