KEY HIGHLIGHTS
Hero Honda Motors Ltd (HHML) reported a 36% rise in net
sales to Rs32bn on back of a 30% YoY growth in volumes to
983k units and 5% improvement in realizations. This was aided
by price hikes of 2-3% and richer product-mix. HHML reported
a net profit of Rs3bn, an increase of 50% YoY.
Continued outperformance
HHML continued its outperformance in Q2FY09, gaining market share
to the tune of 520bps to 57.8% of domestic market due to robust volumes
of Splendor & Passion alongwith incremental volumes of Hunk.

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