First-quarter financial results to 30 June for retro brand Royal Enfield demonstrate how this stand-alone subsidiary of India’s Eicher Motors is apparently unstoppable.
Total sales volume rose by 38.3% to 147,483 motorcycles. Revenue climbed by 42% to £161.9m. Operating profit was 63.6% up at £44.8m. And the company achieved a 27.7% operating margin that would make Japanese competitors feel queasy, improving from 24% in the same period last year. Net profit climbed by 58.7% to £39.1m.
Commenting on this splendid performance, Eicher Motors chief executive Siddhartha Lal (pictured) said: “We continue to take more orders than our monthly supply, expand our footprint in India with 566 dealerships now open across the country and focus on overseas markets. Our immediate business outlook remains strong and Royal Enfield continues to grow consistently, competitively and profitably towards leading and expanding the mid-sized motorcycle segment globally.”