Maruti Suzuki Q1 net profit falls 9%, revenue climbs 36% on record volumes

Maruti Suzuki’s consolidated net profit fell 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 carmaker posted its fastest revenue growth in several quarters.

Revenue from operations on a consolidated basis rose 35.91% to Rs 52,469.8 crore, up from Rs 38,605.2 crore a year earlier. Standalone net profit came in at Rs 3,352.1 crore, down from Rs 3,758.1 crore, while standalone net sales climbed 36% to Rs 49,959.1 crore.

The company sold 6,82,724 units during the quarter, a rise of 29.3% year-on-year, with domestic small car sales up 34.1%, SUV sales up 44.6% and exports up 28.6%. Domestic market share improved to 41.2%, a gain of 2.3 percentage points.

Operating EBITDA margin slipped to 8.22% from 10.4% a year earlier as higher material costs and increased promotional spending pressured profitability despite the strong volume growth.

The company said the commissioning of its Kharkhoda plant in Haryana had boosted production capacity, allowing it to meet rising domestic and export demand through the quarter.

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’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.

Maruti Suzuki remains India’s largest carmaker by volume, competing with Hyundai, Tata Motors and Mahindra & Mahindra across the passenger vehicle segment.

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