Eicher Motors Q1 revenue, EBITDA beat estimates; Nomura maintains Neutral, raises target price to Rs 8,437

Eicher Motors reported consolidated Q1 FY27 revenue of Rs 66.3 billion, up 32% year-on-year, beating estimates.

EBITDA also surpassed expectations; Nomura maintained a Neutral rating and raised target price to Rs 8,437.

Management announced a pipeline of new launches including Flying Flea, Bullet 650, and additional products during FY27.