Eicher Motors reported a 9% YoY rise in Q1FY26 net profit to Rs 1,205 crore, with revenue up 15% to Rs 5,042 crore, driven by strong Royal Enfield sales. However, sequential numbers declined. Avendus raised its target price to Rs 5,850, citing steady growth strategy and rising EBITDA per vehicle. Margins are projected to stabilise around 25.5% by FY27.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets