MARUTI Maruti Suzuki India Q1 FY26 results (Apr–Jun 2025) and concall
Maruti Suzuki delivered a resilient Q1 FY26 performance in a challenging domestic passenger vehicle market that contracted 1.4% YoY. While domestic wholesale volumes fell 4.5% to 430,889 units — largely due to continued affordability pressures on first-time buyers and shrinking hatchback demand (now 21% of industry vs 46% in FY19) — the company's exports business delivered an outstanding 37.4% growth to 96,972 units, commanding a 47.1% share of India's total PV exports. Net sales rose 8.1% to ₹366.2 billion, with ASP reaching its highest-ever level on favorable SUV/MPV mix. Margin performance
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|
| Revenue | 38,764 | 40,920 | 38,605 |
| EBITDA | 5,076 | 4,844 | 4,623 |
| Net profit | 3,727 | 3,911 | 3,792 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
