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Hero MotoCorp Q4 Review: Rural Revival, Strong Brand Equity To Aid Growth, Says Motilal Oswal— Maintains 'Buy'

Hero MotoCorp looks attractive at ~16.6x/15.3x FY26E/27E EPS, hence Motilal oswal reiterates 'Buy' rating on the stock.

<div class="paragraphs"><p>Hero MotoCorp’s Q4 PAT at Rs 10.5 billion was in line with our estimate.</p><p> (Photo Source: Company website)</p></div>
Hero MotoCorp’s Q4 PAT at Rs 10.5 billion was in line with our estimate.

(Photo Source: Company website)

HeroMoto Corp has declared a final dividend of Rs 165 per share, which translates into a payout ratio of 72%. Management expects the two-wheelerindustry to post 6-7% YoY growth in FY26, largely similar to FY25. Management also expects to outperform industry growth in FY26, backed by its upcoming new launches.
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