Maruti Suzuki Q4 Results: Profit Dips 6.4% To ₹3,659 Crore; ₹140 Dividend Declared

Maruti Suzuki India Ltd, one of the country's largest carmakers, reported a 6.4% year-on-year (YoY) decline in consolidated net profit for Q4 FY26, primarily due to mark-to-market impact, even as the top line and volumes scaled new records.

Consolidated profit after tax (PAT) stood at ₹3,659 crore, down from ₹3,911 crore in Q4 FY25. Revenue from operations rose 28.2% YoY to ₹52,462.5 crore, up from ₹40,920.1 crore.

Maruti Suzuki shares ended over 2% lower at ₹12,891.70 on the Bombay Stock Exchange (BSE) on Tuesday following the results announcement.

At 10:30 AM today, its shares were trading at ₹13,470, up 4.48%.

Important Numbers At A Glance

• PAT (Q4): ₹3,659 crore, down 6.4% YoY

• Revenue from Operations (Q4): ₹52,462.5 crore, up 28.2% YoY

• Total Expenses (Q4): ₹48,125.3 crore vs ₹37,585.5 crore YoY

• Q4 Total Sales: 676,209 units, up 11.8% YoY (all-time high)

• Domestic Sales (Q4): 538,994 units (record)

• Exports (Q4): 137,215 units (record)

• Full year FY26 Sales: 2.42 million units

Volume Growth And GST Tailwind

The quarter's performance was driven by strong domestic momentum in the second half of the fiscal, following the centre's September decision to cut GST on small petrol, CNG and diesel cars to 18% from 28%. The reduction triggered a wave of small-car demand that the company is still working to fulfil.

The company flagged that sales were restricted by production capacity, with around 190,000 pending customer orders at year-end, of which nearly 130,000 were in the small car segment falling under the 18% GST bracket. Dealer inventory stood at a tight 12 days' stock, indicating that demand continues to outpace supply.

Dividend

The board recommended a final dividend of ₹140 per equity share of face value ₹5 for FY26. The dividend recommendation is subject to shareholder approval at the upcoming annual general meeting (AGM). The record date for determining eligibility for the payout will be announced separately.

Also Read - Eternal Q4 Results: Profit Jumps 346% To ₹174 Crore; Share Rises

Other Highlights

Exports continued to broaden their footprint, with Maruti's first battery electric vehicle, the e VITARA, shipped to 44 countries during FY26. Both domestic and export volumes hit fresh all-time highs in Q4, reflecting the company's twin engines of value-segment dominance.

Sources:

Business Standard

The Hindu

Moneycontrol