Hero MotoCorp stock jumps 4% post-Q2 FY26 results. Explore earnings, developments, and investor outlook.
📊 Market Snapshot
Hero MotoCorp, India’s largest two-wheeler manufacturer, delivered a stellar Q2 FY26 performance, triggering a 4% stock rally to ₹5,766 on November 17, 20252. The company reported:
- Net Profit: ₹1,321 crore (↑24% YoY)
- Revenue: ₹12,458 crore (↑16% YoY) – highest ever
- EBITDA Margin: 15% (↑55 bps YoY)
- Export Growth: 77% YoY, led by Bangladesh, Nepal, Sri Lanka, and Colombia
🔍 Recent Developments
- 🏭 Global Parts Center 2.0: ₹170 crore investment approved for Tirupati, Andhra Pradesh
- 🌍 International Expansion: Market share rose to 31.6% in October, aided by festive demand and GST cuts
- 🚀 Brokerage Ratings: Motilal Oswal projects 6% volume CAGR (FY26–28), with a “Buy” rating and ₹6,500 target
📈 Technical Outlook
| Metric | Value |
|---|---|
| Current Price | ₹5,766 |
| Target Price | ₹6,500 |
| Support Level | ₹5,600 |
| Resistance Level | ₹5,850 |
| Market Sentiment | Bullish |
🔮 Investor Takeaways
- Short-Term: Strong Q2 results and festive demand support upside.
- Medium-Term: Export ramp-up and margin expansion bode well.
- Long-Term: Hero’s EV roadmap and global footprint could unlock sustained growth.
🧠 Broker Outlook Summary
🏦 Motilal Oswal
- Rating: Buy
- Target Price: ₹6,500 (≈15% upside from ₹5,766)
- Rationale:
- 6% volume CAGR projected for FY26–28
- Driven by new launches and export growth
- Margin expansion and festive demand support bullish stance
- Caution: Watch for sustainability of margin gains
🏦 Nomura
- Rating: Positive
- Comment: “Steady performance” in Q2
- Highlights:
- Revenue of ₹12,110 crore (↑16% YoY)
- EBITDA margin at 15%, in line with expectations
- Strong demand momentum and festive tailwinds
❓ FAQs
Q1: Why did Hero MotoCorp stock rally post-Q2?
Strong earnings, margin expansion, and export growth boosted investor confidence.
Q2: What’s Hero’s outlook for FY26?
Analysts expect 6% volume CAGR and continued margin improvement.
Q3: Is Hero MotoCorp a good long-term investment?
With solid fundamentals and global expansion, it’s well-positioned, but monitor EV execution and competition.
🏦 General Sentiment
- Hero MotoCorp hit a 52-week high of ₹5,754 on November 17, 2025
- Brokerages cite export surge, margin expansion, and EV market share gains as key drivers
- Industry growth projected at 8–10% in H2 FY26, with Hero maintaining 6–7% guidance4
