By Maruti Suzuki reported a 9.11% year-on-year fall in consolidated net profit to Rs 3,446.9 crore for the first quarter of FY27, down from Rs 3,792.4 crore, even as the company’s revenue grew at its fastest pace in recent 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 same quarter last year. On a standalone basis, net profit fell to Rs 3,352.1 crore from Rs 3,758.1 crore, while net sales rose 36% to Rs 49,959.1 crore.
Sales volume for the quarter totalled 6,82,724 units, up 29.3% year-on-year. Domestic small car sales rose 34.1%, SUV sales climbed 44.6%, and exports grew 28.6%, taking the company’s domestic market share to 41.2%, up 2.3 percentage points from a year ago.
Even with the strong volume growth, operating EBITDA margin fell to 8.22% from 10.4% a year earlier, as the company absorbed higher raw material costs and increased promotional spending.
Maruti Suzuki said increased production capacity following the commissioning of its Kharkhoda plant in Haryana had supported the quarter’s higher output.
The company’s shares ended the day 0.36% higher at Rs 14,239.40 on the BSE ahead of the results, announced on Friday, July 31, 2026.
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%.
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.
Photo: Prime Minister’s Office, Wikimedia Commons, GODL-India
