TL;DR
Maruti Suzuki India posted a 28.21% revenue increase in Q4 FY26, but net profit fell 6.45% due to higher input costs, despite strong sales volumes and a positive market reaction.
Maruti Suzuki India announced a robust 28.21% year-on-year increase in revenue to ₹52,462.50 crore for the fourth quarter of FY2026, driven by an 11.8% rise in total sales volume. This strong performance was supported by a healthy order backlog exceeding 190,000 units and sustained demand for small cars, partly due to recent GST rate cuts. The positive market sentiment surrounding these results also contributed to a nearly 3% climb in the Nifty Auto index.
Despite the impressive revenue growth, Maruti Suzuki's consolidated net profit for Q4 FY26 saw a 6.45% year-on-year decline to ₹3,659.00 crore, falling short of analyst expectations. This profit contraction highlights significant margin pressure, with the profit margin compressing by 276 basis points to 7.31%. Rising input costs and a sharp drop in other income were cited as primary factors impacting profitability. The company's management projects a strong 10% year-on-year domestic volume growth for FY27, backed by the existing order backlog and positive consumer sentiment, though the export outlook remains uncertain due to global macroeconomic conditions.
