Hero MotoCorp Q1 FY26 preview: What to expect

Hero MotoCorp is set to report its Q1 FY26 results on August 6, 2025. A soft quarter is on the cards as India's largest two-wheeler manufacturer grapples with volume pressures, cost headwinds, and uneven demand. Analysts expect a marginal decline in both revenue and profit for the quarter. Coming Off Record FY25, But Entering FY26 on a Weak Note Hero MotoCorp ended FY25 with record-high revenue and profit. But that momentum hasn’t carried into the new fiscal year. In Q4 FY25, the company posted 6 per cent YoY profit growth, but Q1 FY26 is expected to show a reversal. Q1 Snapshot: Sales Slump, Revenue Decline Likely Volumes: Down ~11 per cent YoY to 13.67 lakh units in Q1 FY26 Revenue Estimate: Rs 9,700–9,900 crore (3–4 per cent YoY decline) Net Profit Estimate: Rs 1,030–1,070 crore (5–8 per cent lower YoY) EBITDA Margin: Seen at 13.5–14.0 per cent (down from 14.4 per cent in Q1 FY25) The sharp drop in entry-level motorcycle sales, compounded by planned production halts in April, weighed heavi