Ather Energy up ~200% in a year on record FY26 sales, doubled retail network
FY26 sales hit 262,942 units (+69%) with total income of Rs 3,823 crore (+66%). Retail footprint nearly doubled to 700 Experience Centres and 548 service centres, backed by 6,000+ charging points. Adjusted gross margin rose to 25% from 18%, though EBITDA stayed negative at -2.5%. A new Maharashtra plant adds 42,000 units/month by FY27.
Ather Energy stock up ~200% in a year amid India's EV two-wheeler surge. FY26 saw record sales of 262,942 units, revenue Rs 3,823 crore, and retail network nearly doubling to 700 Experience Centres, with a new Maharashtra plant planned.
Why this matters
Extends Ather's FY26 momentum, where revenue jumped 66% to Rs 3,823 crore and its stock doubled while analysts retained 'Buy' ratings, now underscored by aggressive retail and capacity expansion.
Retail-company signals are accelerating, up 546800% QoQ.