8/8/2019 Hero Honda Sales Performance
1/3
SALES PERFORMANCE
HERO HONDA REPORTS LEADERSHIP PERFORMANCE WITH 50
% NET PROFIT IN Q2, '08-09DEFIES INDUSTRY TREND WITH TURNOVER
(NET SALES &
OTHER OPERATING INCOME), AT RS. 3202 CRORE; EBIDTA AT
13.58 PER CENT Aug'06 Aug'07 FY 06-07 FY 07-08
Total Sales 2,15,076 2,40,875 12,82,860 12,63,254
Highlights of Q2, FY'08-09
Total turnover(Net sales & Other Operating income)Rs 3202
crores,
growth of 35.6 per cent
Net profit after tax at Rs 306.30 crores, growth of 50 per
cent
EBIDTA margin for the quarter 13.58 per cent
Total sales for Q2 stands at 9,72,095 units, growth of 28.5
per
cent
Total sales for H1 stands at 18,66,349, growth of 19.7 per
cent
Over 55 per cent share in domestic motorcycle market
Launches first-of-its kind music video to celebrate 25 years of
Hero
Honda
New Delhi, October 21, 2008: Hero Honda Motors Ltd (HHML),
the world's largest two-wheeler company for seven
consecutive
years, today firmly reiterated its undisputed leadership in
the
domestic two-wheeler market with impressive bottom line growth
for
the second quarter (Q2) July to September - of this financial
year
(FY) 2008-09.
Even as the industry continued to face tough market conditions
on
account of uncertainty over interest rates and overall credit
squeeze,
the company reported 50 per cent growth in profit after tax
(PAT) at
Rs 306.30 crore for the second quarter. Hero Honda's profit
after tax
in the corresponding period last fiscal (July - Sept, 2007-08)
stood at
Rs 204.33 crore.
Total turnover (Net sales & Other Operating income) grew to
Rs 3202
crore, a growth of 35.6 per cent over Rs 2361 crore recorded in
the
corresponding period last fiscal. The company has recorded
an
EBIDTA margin of 13.58 per cent in the quarter. The EBIDTA
margin in
the previous quarter (April - June '08) was 12.20 per cent.
The strong financial performance is in line with the company's
better-
than-industry top line growth. After posting a growth 11.38 per
cent
in the first quarter, the company kicked off the second quarter
with a
39.8 per cent growth in sales in the month of July, and followed
up
with 26.8 per cent growth in August and 22.4 per cent in
September.
Hero Honda consistently keeps growing its share in the
domestic
8/8/2019 Hero Honda Sales Performance
2/3
motorcycle market, and currently enjoys over 55 per cent
share.
Hero Honda's cumulative sales for the second quarter (Q2) this
FY
stands at 9,72,095 units - a growth of 28.5 per cent over Q2
last FY
(2007-08). The cumulative sales for the first six months (H1)
stands
at 18, 66,339 units of two-wheelers compared to 15, 59,486
units
sold in H1 in the last FY reflecting a consistent 19.7 per cent
growth
in cumulative sales.
Dr. Brij Mohan Lall, Chairman, Hero Honda Motors Ltd, said
"We are happy with our financial performance. It gives immense
joy
to see this kind of results in the 25th year of our company. I
wish to
thank all our stakeholders customers, associates, dealer
friends,
ancillaries and also our joint venture partners Honda Motors Co
for
their continuous support."
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said
"Our numbers speak for themselves. Even in this volatile and
competitive environment, our top line continues to outpace
the
industry growth, our market share is at an all time high, and
the
financial balance sheet is a delight all the factors which form
the
hallmark of a resilient company with cutting-edge management.
We
will continue to keep innovating in bringing in
technologically-
superior products, in our network expansion, in brand building,
in our
financial management, and in our communication."
"Going forward, we will have to keep a close watch on the
commodity
prices movement, and other factors such as inflation, interest
rate
scenario and availability of retail finance. These factors will
play a
crucial role in the industry growth in the subsequent quarters,"
he
added.
Hero Honda has already rolled out its festive season
initiatives, with
the launch of four new models the all-new "Passion Pro" and
three
refreshes of its existing models - new CBZ X-treme, a
selfstart
version of Splendor NXG and the refreshed Pleasure. During
the coming months, the company will further augment its
product
portfolio with new launches across segments.
Key Hero Honda brands continue to drive strong volumes
across
segments - CD Deluxe in entry segment, Glamour, the new
Splendor
NXG, Splendor + and Passion Plus in deluxe segment, and Hunk,
CBZ
X-treme and Karizma in the premium segment.
Celebrating its 25th year, Hero Honda released an innovative
music
video in the month of September. Titled "Hero Honda Dhak Dhak
Go",
and involving as many as eight brand ambassadors of Hero
Honda,
