Maruti Suzuki Posts Strong Revenue Growth Despite Decline in Profit

Maruti Suzuki India (MSI), the country’s leading passenger car manufacturer, reported a consolidated net profit of ₹3,659 crore for the fourth quarter ended March in FY 2025–26. This marks a decline of 6.45 percent compared to ₹3,911.1 crore posted during the same period last year. The company stated that despite recording all-time high vehicle sales, profitability was impacted by mark-to-market adjustments and lower non-operating income. At the same time, total revenue rose 28.2 percent to ₹52,462.5 crore. Maruti Suzuki also crossed the ₹50,000 crore milestone in net sales for the first time during a fourth quarter. Total expenses increased from ₹37,585.5 crore to ₹48,125.3 crore. The company registered its highest-ever quarterly sales volume at 676,209 units. The board of directors has recommended a dividend of ₹140 per share for FY 2025–26.

For the full financial year ended March 2026, Maruti Suzuki’s consolidated net profit increased 1.24 percent to ₹14,679.5 crore, compared to ₹14,500.2 crore in the previous year. Total annual revenue stood at ₹1,83,316 crore. Vehicle sales grew from 2,234,266 units to 2,422,713 units, including domestic sales of 1,974,939 units. The company noted that lower GST rates supported improved domestic demand in the second half of the year. To meet rising market demand, Maruti Suzuki announced a record capital investment of ₹14,000 crore for FY 2026–27 to expand production capacity. Chairman R.C. Bhargava said existing plants are operating at full capacity. The company is setting up two new production lines at Kharkhoda in Haryana and Hansalpur in Gujarat, with a combined annual capacity of 500,000 units, primarily aimed at meeting growing demand for small cars.