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Maruti Suzuki India Limited Q1 FY26 results deck summary

NSE: MARUTI · BSE: 532500

Results deck of 31 Jul 2025, summarised by AI from the filing.

Q1 FY26 net sales rose 8.1% to ₹366,247 mn but Op. EBIT fell 18.9% to ₹30,578 mn on commodity, forex and promotion costs.

Key takeaways

  1. Net sales ₹366,247 mn in Q1 FY26, up 8.1% from ₹338,753 mn in Q1 FY25.
  2. Op. EBIT ₹30,578 mn in Q1 FY26, down 18.9% from ₹37,713 mn in Q1 FY25.
  3. Exports 96,972 units in Q1 FY26, up 37.4% year on year.
  4. Margin drivers Adverse commodity prices, foreign exchange movement and higher sales promotion expenses hurt margins.
  5. Kharkhoda plant New plant related expenses at the Kharkhoda greenfield plant were a negative factor for margins.

Original filing on BSE

Maruti Suzuki India Limited Q1 FY27 results

As filed: Revenue ₹52,470 cr (+36% year on year), EBITDA ₹4,313 cr (−7% year on year), PAT ₹3,447 cr (−9% year on year), EBITDA margin 8.2% (−375 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹52,463 cr (+28% year on year), EBITDA ₹6,158 cr (+27% year on year), PAT ₹3,659 cr (−6% year on year), EBITDA margin 11.7% (−10 bps). Score 59 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin fell 10 bps year on year. Profit fell 6% from last quarter. Share price after the results: +1.1% in 29 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹49,904 cr (+29% year on year), EBITDA ₹5,573 cr (+10% year on year), PAT ₹3,879 cr (+4% year on year), EBITDA margin 11.2% (−193 bps). Score 66 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 193 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +0.2% in 30 days (Nifty 500: +1.5%).
  • Q2 FY26: Revenue ₹42,344 cr (+13% year on year), EBITDA ₹5,086 cr (+2% year on year), PAT ₹3,349 cr (+8% year on year), EBITDA margin 12.0% (−134 bps). Score 43 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 134 bps year on year. Profit fell 12% from last quarter. Share price after the results: −1.9% in 28 days (Nifty 500: +0.4%).
  • Q1 FY26: Revenue ₹38,605 cr (+8% year on year), EBITDA ₹4,623 cr (−9% year on year), PAT ₹3,792 cr (+1% year on year), EBITDA margin 12.0% (−230 bps). Score 22 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 230 bps year on year. Other income 38% of PBT. Revenue fell 6% from last quarter. Revenue rose ₹2,826 cr on a year ago, against ₹3,440 cr the year before. Share price after the results: +17.2% in 29 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹40,920 cr (+6% year on year), EBITDA ₹4,845 cr (−7% year on year), PAT ₹3,911 cr (−1% year on year), EBITDA margin 11.8% (−173 bps). Score 15 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 173 bps year on year. Other income 31% of PBT. Share price after the results: +4.7% in 28 days (Nifty 500: +2.7%).
  • Q3 FY25: Revenue ₹38,764 cr (+16% year on year), EBITDA ₹5,076 cr (+14% year on year), PAT ₹3,727 cr (+16% year on year), EBITDA margin 13.1% (−16 bps). Score 40 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 16 bps year on year.
  • Q2 FY25: Revenue ₹37,449 cr (+1% year on year), EBITDA ₹4,999 cr (+4% year on year), PAT ₹3,103 cr (−18% year on year), EBITDA margin 13.4% (+43 bps). Score 20 of 100, Below trend. EBITDA margin rose 43 bps year on year. Other income 30% of PBT. Tax rate 40%. Not enough history for a trend yet: scored on growth alone. Profit fell 17% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Maruti Suzuki India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.