Maruti Suzuki India's Q1 FY 2026-27 Quarterly Results

Result Summary

• Maruti Suzuki India Ltd reported a 2.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 34.2%.
• Its expenses for the quarter were up by 3.9% QoQ and 40.5% YoY.
• The net profit decreased 5.8% QoQ and decreased 9.1% YoY.
• The earnings per share (EPS) of Maruti Suzuki India Ltd stood at 109.63 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Maruti Suzuki India Ltd is a leading automobile manufacturer in India, primarily focusing on the production and sale of passenger vehicles. The company is renowned for its wide range of affordable and fuel-efficient cars, dominating the Indian market in terms of sales volume. Notably, Maruti Suzuki offers a variety of models that cater to different segments, from compact cars to SUVs. As a subsidiary of the Japanese automotive giant Suzuki Motor Corporation, Maruti Suzuki has a strong market presence and a robust dealership network across India. In recent years, the company has been focusing on expanding its portfolio with the introduction of hybrid and electric vehicles, aligning with global trends towards more sustainable automotive solutions.

Revenue

In Q1FY27, Maruti Suzuki India Ltd reported a total income of ₹54,343.80 crores, reflecting a 2.6% increase from the previous quarter (Q4FY26), which stood at ₹52,946.40 crores. When compared to the same quarter in the previous year (Q1FY26), where the total income was ₹40,493.40 crores, there is a significant year-over-year increase of 34.2%. This substantial growth in revenue can be attributed to various factors, including increased sales volumes and possibly higher pricing strategies. Maruti Suzuki's performance in revenue indicates a positive trend in market demand and sales efficiency over the past year.

Profitability

The company’s profit before tax for Q1FY27 was ₹4,343.50 crores, showing a decline of 9.9% quarter-over-quarter from ₹4,821.10 crores in Q4FY26. Compared to Q1FY26, where the profit before tax was ₹4,908.00 crores, there is an 11.5% decrease year-over-year. The tax expenses for Q1FY27 were ₹994.30 crores, representing a 21.0% decrease from the previous quarter and a 13.6% decrease from the same quarter last year. Profit after tax in Q1FY27 was reported at ₹3,446.90 crores, declining by 5.8% from ₹3,659.00 crores in Q4FY26, and by 9.1% from ₹3,792.40 crores in Q1FY26. The earnings per share (EPS) for Q1FY27 is ₹109.63, reflecting a similar downward trend in both QoQ and YoY comparisons.

Operating Metrics

For Q1FY27, total expenses incurred by Maruti Suzuki India Ltd were ₹50,000.30 crores, marking a 3.9% increase from the previous quarter's expenses of ₹48,125.30 crores. When compared to Q1FY26, where expenses were ₹35,585.40 crores, there is a notable increase of 40.5%. This rise in expenses could be due to factors such as increased production costs, raw material prices, or expansion activities. The increase in total income outstripped the rise in expenses year-over-year, indicating a growth in operational scale. Despite the increase in total income, the reduction in profit before and after tax suggests changes in cost structures or other financial adjustments impacting overall profitability.