Eicher Motors: Growth Amidst Diverse Views, ProTips Shows Red Flags
Investing.com | May 14, 2024 09:14AM ET
Eicher Motors (NS:EICH) recently disclosed its fourth-quarter results, aligning closely with expectations. While revenue slightly exceeded consensus by 1%, EBITDA fell slightly short by 1%, compared to Bloomberg consensus. Looking ahead, Eicher anticipates robust double-digit volume growth in the 250cc+ motorcycle category for fiscal year 2025, contrary to current consensus estimates hinting at lower single-digit growth.
Management is optimistic about forthcoming product launches within its 452cc platform, alongside new market entries and capacity expansions for the recently launched Himalayan 452 and Shotgun 650 models. These initiatives are poised to bolster domestic volume growth for fiscal years 2025 and 2026. Notably, production rates for the new Himalayan 452cc have surged approximately 40% higher than the previous quarter, indicating promising traction.
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