Maruti Suzuki profit slips 9% to Rs 3,447 crore in Q1, revenue up 36%

Maruti Suzuki’s consolidated net profit slipped 9.11% year-on-year to Rs 3,446.9 crore for the April-June 2026 quarter, down from Rs 3,792.4 crore, even as the carmaker’s revenue rose sharply on strong sales.

Consolidated revenue from operations grew 35.91% year-on-year to Rs 52,469.8 crore, up from Rs 38,605.2 crore in the same quarter last year. Standalone net profit stood at Rs 3,352.1 crore compared with Rs 3,758.1 crore, while standalone net sales rose 36% to Rs 49,959.1 crore.

The company sold 6,82,724 vehicles during the quarter, up 29.3% year-on-year, with domestic small car sales rising 34.1%, SUVs up 44.6%, and exports up 28.6%. Domestic market share rose to 41.2%, up 2.3 percentage points from a year earlier.

Operating EBITDA margin fell to 8.22% from 10.4% a year earlier, as elevated raw material costs and higher promotional spending offset the benefit of stronger sales volumes.

Maruti Suzuki pointed to the commissioning of its Kharkhoda plant in Haryana as a key factor behind the increased production capacity that supported the quarter’s output.

The company’s stock ended 0.36% higher at Rs 14,239.40 on the BSE ahead of the results announcement on Friday, July 31, 2026.

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%.

The company said the ramp-up at its Kharkhoda plant in Haryana added meaningfully to output during the quarter, helping it meet strong domestic and export demand.

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.

Photo: Prime Minister’s Office, Wikimedia Commons, GODL-India