India's Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.

India's Eicher Motors , which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-powered models such as the 'Scram 411'.

Eicher Motors shares rose nearly 8% to ₹4,940 after reporting a higher-than-expected quarterly profit, driven by strong sales of higher-margin motorcycles. Brokerages maintained positive ratings, with Jefferies projecting a target of ₹5,

Analysts say Enfield's renewed ‘focus over margins’ with intervention like relaunch of Battalion Black edition, higher marketing aided strong festive sales

During the quarter, Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY 2023-24, said the company in a stock exchange filing today.