Maruti Suzuki’s consolidated net profit dropped 9.11% year-on-year to Rs 3,446.9 crore in the quarter ended June 2026, down from Rs 3,792.4 crore, even as the company posted its strongest revenue growth in several years.
Consolidated revenue from operations rose 35.91% year-on-year to Rs 52,469.8 crore, compared with Rs 38,605.2 crore in the year-ago period. Standalone net profit stood at Rs 3,352.1 crore, down from Rs 3,758.1 crore, while standalone net sales rose 36% to Rs 49,959.1 crore.
The company sold 6,82,724 units in the quarter, up 29.3% year-on-year, with domestic small car sales up 34.1%, SUVs up 44.6%, and exports up 28.6%. Domestic market share climbed to 41.2%, a rise of 2.3 percentage points.
Operating EBITDA margin narrowed to 8.22% from 10.4% a year earlier, with the company citing higher material costs and increased promotional spending as the main pressure points on profitability.
The company said the commissioning of its Kharkhoda plant in Haryana had added meaningfully to production capacity during the quarter, supporting both domestic and export volumes.
Maruti Suzuki shares closed 0.36% higher at Rs 14,239.40 on the BSE ahead of the results announcement on Friday, July 31, 2026.
Maruti Suzuki remains India’s largest carmaker by volume, competing with Hyundai, Tata Motors and Mahindra & Mahindra across the passenger vehicle segment.
Analysts tracking the auto sector have flagged elevated steel and aluminium input costs as a sector-wide pressure point through the first quarter of the current financial year.
The company’s export business has increasingly leaned on markets in Africa, Latin America and the Middle East as it looks to diversify beyond its traditional domestic base.
Maruti Suzuki’s results arrived during a busy earnings week for Indian markets, with Sun Pharma, Bajaj Finserv, Indian Oil Corporation and ABB among other large companies also reporting first-quarter numbers.
Separately, foreign institutional investors trimmed their holdings across several Nifty 50 companies during the quarter, even as domestic institutional investors raised their combined index ownership to a record 25.9%.
Photo: Prime Minister’s Office, Wikimedia Commons, GODL-India
