Eicher Motors Is Riding a Volume Wave, But is the Road Ahead Justifying the Fare?
Royal Enfield’s dominance in the mid-size motorcycle segment is undisputed but what next Eicher Motors just delivered a quarter that silenced the sceptics. Revenue grew 23% year-on-year to Rs 61.1 billion, beating both brokerage and consensus estimates. Volumes surged 21%. EBITDA margins expanded 131 basis points to 25.5%. Adjusted profit after tax climbed 26% to … Read more