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Monday, August 3, 2015

Royal Enfield registers 49% jump in July sales



In Q2 of 2015, RE's standalone net profit rose 37.8 percent to Rs 183.6 crore, up from Rs 133.2 crore in 2014 Q2. The income from operations too went up 47 percent to Rs 1,097 croreNEW DELHI: Eicher Motors' motorcycle brand Royal Enfield reported a 49 percent jump in its domestic sales in July to reach 39867 units, compared to 26,796 in the same month last year. Exports of the company also grew by 72 percent to 893, compared to 518 in July last year.

Together, Royal Enfield sold 40,760 units, again a 49 percent jump over July 2014. Year-to-date, RE's overall sales increased 45 percent to

In Q2 of 2015, RE's standalone net profit rose 37.8 percent to Rs 183.6 crore, up from Rs 133.2 crore in 2014 Q2. The income from operations too went up 47 percent to Rs 1,097 crore.

"Royal Enfield continues its strong momentum by posting robust volume growth and maintaining a very healthy order book in Q2 2015. We continue to make investments as per our plans towards capacity expansion, enhancing our brand experience and in product development," said Siddhartha Lal, MD & CEO Eicher Motors on the performance of the company.

In order to accelerate Royal Enfield's international thrust, Lal will be relocating to UK for a year, starting August 2015. The company also announced launch of its second exclusive store in UK.

Source: ETAuto
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Item Reviewed: Royal Enfield registers 49% jump in July sales Description: Rating: 5 Reviewed By: Sheldon Dcruz
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