Hero Sells Over 6 Lacs Bikes For 3rd Consecutive Month

Hero MotoCorp had a record breaking festive season as the Indian two wheeler maker registered over 6 lacs sales for the third month consecutively. The company dispatched a total number of 6,63,153 units in the month of October, after retailing 6,16,424 units in August of this year and 6,74,961 units in September this year.

The two wheeler giants recorded double digit growth this festive season and had also crossed over a million units by the auspicious day of Dhanteras. The company also announced that as the festive season heads towards completion, Hero's dealer inventories have come back to normal levels.

The year 2016 has been particularly positive for Hero MotoCorp as the company sold more than 6 lacs two wheeler in just five months throughout the calendar year. As a matter of fact, the company recorded its best ever performance in a quarter during the July-September 2016 quarter, having retailed 18,23,498 units. A healthy growth of about 15.8 per cent has been reported when compared to the same quarter in 2015.

A good monsoon supported resurgent demand for two wheelers in the rural areas has contributed to Hero's positive sales this festive season. Hero Motocorp has also had two launches this year including the new Splendor iSmart 110 as well as the Achiever 150. The Maestro Edge continues to be a popular one for Hero ever since its launch last year.

Hero share price is currently trading at Rs 3,349.95, 0.69 per cent or 23.05 points. A total of 51,404 shares of the company have been traded on the counter of NSE aggregating to a total amount of Rs 1,714.06 lacs.

Hero is one of the top 500 stocks recommended by the research and analysis team of Dynamic Levels. Get the most important support and resistance levels of the share at Hero share price forecast.

Street does not seem Happy with Hero Q2 results

On Wednesday Hero MotoCorp Ltd posted a record net profit for the quarter ended 30 September (Q2FY17), as normal monsoon rains boosted consumer sentiment and demand in the run-up to the festive season pushed motorcycle sales at India’s largest two-wheeler maker.

Net profit went up 27.74% to Rs 1,004.22 crore in the quarter from Rs 786.12 crore in the corresponding quarter last financial year. Net sales increased to Rs. 8,448.74 crore from Rs 7,346.47 crore on the yearly basis.

Yesterday, Hero share price closed at the 2% rise.

Unit sales increased to 1.82 million during the quarter from 1.57 million a year-ago.

Higher demand in the run-up to the festive period cushioned the sales at the company, whose earnings before interest, tax, depreciation and amortisation (Ebitda) stretched to a record 16.20 %, from 14.91% a year ago, aided by soft commodity prices and cost controls. EBITDA is an indicator of operating profitability. The Q2 results were declared after market closed for trading on Wednesday.

Today, Hero share price opened 0.73% higher than its previous close.

Pawan Munjal, chairman, managing director and chief executive officer, Hero MotoCorp, stated that the September quarter numbers are a defining point in the journey of the company.

He also said that the highest-ever volume sales during the quarter are a replication of the overwhelming customer preference for Hero’s products, and a testimony to their market leadership.

He also added that the domestic market had seen revitalization in the past two quarters due to normal monsoon rainfall and positive consumer sentiment. The trend is likely to continue through the year and likely to result in double-digit growth for the industry.

Currently, at 9:25 AM Hero share price is trading at Rs. 3413 with the decline of 0.16%.

But there’s one concern for Hero and that is the pace at which rival Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) is closing the space with the market leader. Between April and September this financial year, Hero sold 809,638 units more than Honda. In the same time in 2011-12, after the Delhi-based firm ended a 26-year joint venture with Honda, the difference was 1.8 million units.

Hero is the top 500 performing stock recommended by Dynamic Levels for the quarter. For the details on the stock, visit Hero share price history page of Dynamic Levels website.

Hero sales up 11%, Share Price surges almost 4%

The largest two-wheeler maker of the Country Hero MotoCorp reported an 11.24 per cent increase in its sales figure at 6,74,961 units in September of 2016. The company reported sold 6,06,744 units in September 2015, Hero MotoCorp announced in a statement. The company recorded its highest-ever sales in September by leaving behind all its previous best in October 2015 when the company had sold 6,39,802 units, said the Company in a statement. This is the second consecutive month that Hero has sold more than six-lakh units, having clocked a sales figure of 6,16,424 unit in August 2016, it added.

The growth momentum of the Company is backed by a series of positive factors, which includes the successful market launch of the 'Splendor iSmart 110' - the first motorcycle completely designed as well as developed in-house by Hero's own R&D team, it further added. The company further announced that the augmented leadership in the 125cc segment with 'Glamour' emerging as the largest-selling 125cc motorcycle in the nation and the positive trend maintained by the new scooter portfolio also contributed to the sales performance.

Hero is a dominant market leader in the segments of 100cc and 125cc segments - with more than 65 per cent as well as 55 per cent market share in these respective segments. With the aim of further expanding its presence in the premium segment, the Company had launched the new Achiever 150 motorcycle last week. The Achiever 150 now comes with the new BS-IV compliant engine, which also features the Hero’s patented i3S technology.

As seen in yesterday’s (3^rd October 2016) Hero share price rose by almost 4 per cent on the back of this new sales record. The share price closed at Rs 3,521.15 apiece on NSE up by 3.52 per cent. Get the most important support and resistance levels of the share at Hero share price forecast.