Mumbai, July 31
Maruti Suzuki India Limited on Thursday reported a decline in its earnings for the first quarter (Q1) of FY26, with consolidated net profit falling 3.03 per cent to Rs 3,792.4 crore compared to Rs 3,911.1 crore in the previous quarter.
Revenue from operations also dropped, falling 5.66 per cent to Rs 38,605.2 crore in Q1 from Rs 40,920.1 crore in Q4 FY25.
Total income for the quarter stood at Rs 40,493.4 crore, down 4.56 per cent from Rs 42,431.3 crore in the preceding quarter.
However, on year-on-year (YoY) basis, the country’s largest carmaker, reported slightly higher net profit of Rs 3,792 crore for the first quarter of FY26, than the Rs 3,760 crore recorded in the same period previous year.
The company’s total income for April–June 2025 rose to Rs 40,493 crore from Rs 36,840 crore a year ago.
Net sales also increased YoY to Rs 36,625 crore from Rs 33,875 crore, as per the exchange filing.
Maruti, which produces popular models such as the Swift and Dzire, said the domestic passenger vehicle industry continued to face sluggish demand in the first quarter.
Domestic sales fell 4.5 per cent, but this was offset by strong export growth of 37.4 per cent, leading to an overall sales volume increase of 1.1 per cent compared to previous year.
“For the company, a decline in domestic sales of 4.5 per cent was compensated by a robust 37.4 per cent growth in exports resulting in an overall sales volume increase of 1.1 per cent for the quarter, year-on-year," it stated.
In total, the company sold 527,861 vehicles during the quarter, including 430,889 units in the domestic market and 96,972 units for export.
The company credited its export performance for cushioning the impact of softer domestic demand -- helping it maintain steady profitability despite industry headwinds.
— IANS
Reader Comments
Maruti needs to focus more on electric vehicles. The market is shifting and they're lagging behind Tata and Mahindra in this segment. Their Swift EV prototype looks promising though!
The export numbers are impressive! Shows how 'Make in India' is working. Maybe they should focus more on African and Latin American markets where small cars are in demand.
As an expat in India, I'm surprised by how much Indians love Maruti cars. The service network is amazing even in smaller towns. Maybe that's why they're still profitable despite the dip.
The real issue is rising input costs. Steel prices have gone up 15% this year alone. All automakers are struggling, not just Maruti. Government should look at reducing GST on cars to boost demand.
My family has owned 3 Maruti cars over 20 years. Reliable and affordable maintenance. But now we're waiting for their electric options - hope they launch soon with good range and price!
Interesting to see how Maruti is balancing domestic and export markets. The 37% export growth is remarkable. Shows Indian manufacturing can compete globally when done right.
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