India's Eicher Motors Q1 profit beats estimates on higher motorcycle demand

BENGALURU, Aug 3 (Reuters) - Indias Eicher Motors (EICH.NS) reported a better-than-expected 50.4% jump in first-quarter profit on Thursday, aided by strong motorcycle sales amid a burgeoning demand for two-wheelers.

The Royal Enfield motorcycle makers consolidated net profit rose to 9.18 billion rupees ($111 million) in the quarter ended June 30, from 6.11 billion rupees a year earlier.

Analysts, on average, had expected a profit of 8.50 billion rupees, according to Refinitiv data.

($1 = 82.7090 Indian rupees)