Moneycontrol PRO

Hero MotoCorp: Well positioned to cruise smoothly

Demand for Hero' MotoCorp's products is expected to be on an upward trajectory on the back of customer preference towards personal mobility, positive rural sentiment and new products, especially in the premium segment

February 08, 2021 / 10:13 AM IST
Hero MotoCorp: Well positioned to cruise smoothly

One of India’s oldest motorcycles in continuous production the Hero Splendor is also the best-selling two-wheeler in India. Priced at Rs 60,300 the Splendor comes powered by a 100c engine that generates 5.9kW of power. The bike claims to deliver a mileage of 80km/litre. (Image: Hero Motocorp)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Hero MotoCorp’s (HMCL) (CMP: Rs 3,425 Mcap: Rs 68,471 crore) third-quarter earnings are similar to the strong numbers posted by its peers. The earnings of the company for the three months ended December were turbocharged by a sharp recovery post the unlocking of the economy. On a year-on-year (YoY) basis, revenues and operating profit grew in double digits. The commodity-linked cost pressure, however, restricted the benefit of operating leverage from percolating down to operating profit margin, which shrank marginally. Demand...

  • PRO Panorama

    Moneycontrol Pro Panorama | Who's afraid of the Fed's taper?

    Sep 23, 2021 / 05:03 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Zee’s screen test, Chart of the Day, the road to taper and lift-off, Evergrande and bad loans, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Perfect storm over China

    Sep 18, 2021 / 10:34 AM IST

    From the Evergrande debt crisis to a slowing growth rate to the crackdown on technology companies to the growing confrontation with the West, the cup of woes is spilling over for China

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers