Eicher Motors Shares Surge 5% Following Strong Q4 Earnings Report
Eicher Motors shares rally 5% after Q4 results. What Goldman Sachs, Morgan Stanley, others are saying
Image: The Economic Times
Eicher Motors shares rose 5.2% to ₹7,352 after the company reported a consolidated net profit of ₹1,520 crore for Q4 FY26, a 12% increase year-on-year. Total revenue also increased by 16% to ₹6,080 crore, driven by record motorcycle sales.
- 01Eicher Motors' consolidated net profit for Q4 FY26 reached ₹1,520 crore, up from ₹1,362 crore in the previous year.
- 02The company's total revenue from operations increased 16% year-on-year to ₹6,080 crore.
- 03Royal Enfield achieved record sales of 313,811 motorcycles in Q4 FY26, a 12% increase from last year.
- 04Goldman Sachs raised its target price for Eicher Motors to ₹8,400, maintaining a 'Buy' rating.
- 05Morgan Stanley and Elara also provided positive outlooks, with Morgan Stanley maintaining an 'Equal-weight' rating.
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Eicher Motors, the manufacturer of Royal Enfield motorcycles, saw its shares increase by 5.2% to ₹7,352 on the Bombay Stock Exchange following the release of its Q4 FY26 results. The company reported a consolidated net profit of ₹1,520 crore, marking a 12% increase from the previous year. Total revenue from operations rose 16% to ₹6,080 crore, driven by strong sales performance. Royal Enfield achieved its highest-ever fourth-quarter sales, with motorcycle volumes up 12% to 313,811 units. Analysts reacted positively, with Goldman Sachs raising its target price to ₹8,400 while maintaining a 'Buy' rating. Morgan Stanley kept its 'Equal-weight' rating unchanged at ₹7,763, noting that inventory levels remain low at 7-8 days. Elara also retained a 'Buy' rating but adjusted its target price down to ₹9,001. Despite the positive outlook, JM Financial maintained a 'Reduce' rating, citing concerns over global macroeconomic uncertainties affecting export growth.
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Eicher Motors' strong financial results and positive analyst ratings could influence investor confidence and stock performance.
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