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Maruti Suzuki India Limited Q2 FY27 results deck summary

NSE: MARUTI · BSE: 532500

Results deck of 27 Oct 2026, summarised by AI from the filing.

Q2 FY27 net sales rose 26.1% to ₹506,155 million but PAT fell 26.9% to ₹24,149 million as material cost rose to 79.9% of Net Sales.

Key takeaways

  1. Q2 profit Q2 FY27 PAT was ₹24,149 million (Q2 FY26: ₹33,028 million, -26.9%) even as net sales rose 26.1% to ₹506,155 million.
  2. No guidance The presentation gives no forward guidance or targets for FY27 or beyond.
  3. Margin fall Op. EBITDA margin fell 330 bps to 9.4% of Net Sales from 12.7% a year earlier, though it rose 80 bps from Q1 FY27.
  4. Cost pressure Material cost rose to 79.9% of Net Sales from 75.7% on adverse commodity prices amid the West Asia conflict and adverse foreign exchange movement.

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.