Hero MotoCorp gains after record sales in May 2013

The announcement was made after market hours on Monday, 3 June 2013,

Meanwhile, the S&P BSE Sensex was up 84.74 points, or 0.43%, to 19,695.22.

On BSE, 3,809 shares were traded in the counter as against an average daily volume of 34,192 shares in the past one quarter.

The stock hit a high of Rs 1,713.20 and a low of Rs 1,690 so far during the day. The stock had hit a 52-week high of Rs 2,149.95 on 29 June 2012. The stock had hit a 52-week low of Rs 1,434.05 on 15 April 2013.

The stock had outperformed the market over the past one month till 3 June 2013, rising 3.58% compared with the Sensex's 0.18% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.31% as against Sensex's 3.66% rise.

India's largest two-wheeler maker by sales has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp's two-wheeler sales rose 0.22% to a record 5.57 lakh units in May 2013 over May 2012.

The company said that its retail sales in May 2013 were the highest ever retail sales for any non-festival period. With demand for Hero MotoCorp products among customers at an unprecedented high, the company retailed over 11 lakh two-wheelers for the combined months of April and May -- its highest-ever retail sales for any non-festival period.

Mr. Anil Dua, Senior Vice-President (Marketing & Sales), Hero MotoCorp, said "The demand momentum that we had seen on our product range in April continued in May as well, helping us achieve over 1.1 million retail sales in the two-month period. This retail off-take has been helped by our star brands, our new product range as also the recently-introduced five-year warranty on our entire portfolio. Going forward, with forecast of a normal monsoon, we expect sentiments to be good, thus helping us sustain the current momentum."

Hero MotoCorp made its debut in Central America by launching brand 'Hero' and its range of two-wheelers in Guatemala, El Salvador and Honduras. Hero MotoCorp has appointed the reputed Indy Motos Group of Guatemala as the authorised distributor of its range of two-wheelers in these countries, Hero MotoCorp said in a statement.

Hero MotoCorp's net profit declined 4.9% to Rs 574.23 crore on 1.8% growth in net sales to Rs 6072.47 crore in Q4 March 2013 over Q4 March 2012.

Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.

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