New Delhi, July 31, 2025 — Maruti Suzuki India Ltd., the country’s largest carmaker, reported a marginal rise in consolidated net profit for the first quarter of FY26, posting ₹3,792 crore, up just 0.9% year-on-year from ₹3,760 crore in Q1 FY25. The subdued profit growth comes despite an 8% increase in revenue from operations, which stood at ₹38,605 crore, compared to ₹35,779 crore in the same period last year.
Sequentially, the company’s profit declined by 3% from ₹3,911 crore in Q4 FY25, reflecting cost pressures and operational headwinds. Operating EBIT fell 19% YoY to ₹3,058 crore, impacted by adverse commodity prices, foreign exchange fluctuations, and higher promotional expenses.
Sales volume rose modestly by 1% to 5,27,861 units, while net sales reached ₹36,625 crore, up from ₹33,875 crore in Q1 FY25. However, the entry-level and hatchback segments continued to underperform, with Maruti facing stiff competition from SUV-focused rivals like Mahindra and Toyota.
The company also incurred expenses related to its new Kharkhoda plant, further weighing on margins. Despite these challenges, Maruti’s financial health remains strong, supported by robust treasury management and minimal finance costs.
The Q1 results underscore Maruti Suzuki’s ongoing struggle to reposition itself in the premium SUV segment while maintaining its dominance in the mass-market category. Analysts suggest that sustained margin pressure may persist unless the company successfully navigates its product mix transition and cost structure.
