India’s largest carmaker, Maruti Suzuki, posted a 9.11% year-on-year drop in consolidated net profit to Rs 3,446.9 crore for the quarter ended June 2026, down from Rs 3,792.4 crore in the same period last year, despite a sharp rise in revenue.
Consolidated revenue from operations climbed 35.91% year-on-year to Rs 52,469.8 crore, compared with Rs 38,605.2 crore a year earlier. The standalone entity reported net profit of Rs 3,352.1 crore, down from Rs 3,758.1 crore, while standalone net sales rose 36% to Rs 49,959.1 crore.
Total sales volume for the quarter stood at 6,82,724 units, up 29.3% year-on-year, with domestic small car sales rising 34.1%, SUV sales up 44.6%, and exports growing 28.6%. The company’s domestic market share rose to 41.2%, an improvement of 2.3 percentage points.
Margins came under pressure even as volumes grew: operating EBITDA margin dropped to 8.22% from 10.4% a year earlier, with the company citing higher material costs and increased promotional spending as key factors.
Maruti Suzuki credited part of the volume growth to expanded production capacity at its Kharkhoda plant in Haryana, which came online to support higher domestic and export output.
Shares of the company ended 0.36% higher at Rs 14,239.40 on the BSE ahead of the results, which were announced 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.
Photo: Prime Minister’s Office, Wikimedia Commons, GODL-India
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