Maruti Suzuki earnings fell in the July–September 2026 quarter, even as the carmaker sold a record number of vehicles. Consolidated net profit declined 26% from a year earlier to ₹2,466 crore, while revenue from operations rose 26% to ₹53,355.5 crore.

Key Takeaways

  • Quarterly vehicle sales rose 26.5% to a record 696,654 units.
  • Higher commodity costs and lower non-operating income weighed on profit.
  • Management expects second-half growth and plans calibrated price increases.

Maruti Suzuki earnings and costs

Consolidated net profit was down from ₹3,349 crore a year earlier. Total expenses rose 30% to ₹50,619 crore, outpacing the increase in revenue.

In its quarterly financial results, the company said operating profit fell to ₹2,803.7 crore from ₹3,382 crore a year earlier because of commodity price increases linked to the conflict in West Asia. It also said non-operating income declined sharply because of mark-to-market losses on invested surplus.

Other income fell to ₹430 crore from ₹966 crore a year earlier. The company released its results on October 27, 2026, for the second quarter of its 2026–27 financial year.

Domestic demand outpaces supply

Domestic small-car sales rose 35.9% year over year and SUV sales increased 68.2%, the company said. Its domestic market share rose by 2.2 percentage points to 40.8%.

Despite recent capacity additions, demand continued to exceed supply. At the end of September, network inventory stood at about 17 days and pending bookings were approximately 200,000 vehicles.

Exports slipped to 108,119 vehicles from 110,487 a year earlier. Chairman R.C. Bhargava said domestic demand remained strong despite geopolitical challenges and credited GST reforms with improving affordability.

Second-half outlook

Managing Director Hisashi Takeuchi said high raw material costs would require price increases in the second half of the financial year, implemented at an appropriate time and in a calibrated manner.

The company expects to grow in the second half despite a high year-earlier base. That is a management expectation, not a reported result.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.