Hero MotoCorp Q4 profit falls 5 pct as rivals hit market share

Newswire

MUMBAI, April 26 (Reuters) - India's Hero MotoCorp said quarterly profit fell 4.9 percent, its third straight quarter of profit decline, as sales growth slowed amid rising competition that has dented its market share. The country's largest motorcycle manufacturer beat street estimates for the first quarter in six, reporting net profit of 5.74 billion rupees ($106 million)for the three months to end-March. Analysts had produced an average net profit forecast of ...

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