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Revenue
₹52,462 Cr
verified against source
Revenue YoY
28.8%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Maruti Suzuki reported a record Q4 FY26 with 676,209 units sold (+11.8% YoY) and net sales of ₹50,100 crore (+28.8% YoY). Operating profit (EBIT) hit an all-time high of ₹4,400 crore (+30.4% YoY), but PAT fell 6.9% to ₹3,600 crore due to a ₹750 crore mark-to-market hit on bond yields. The GST cut in small cars drove a sharp demand recovery, with first-time buyers rising to 51% of sales. Management guided for ~10% domestic volume growth in FY27, supported by 500,000 units of new capacity (Kharkhoda Phase II and Hansalpur Line 4). Key risks include commodity cost headwinds (~80 bps in Q4) and geopolitical uncertainty in West Asia. The company remains confident in margin recovery once temporary pressures subside.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects Maruti's domestic sales to grow by about 10% year-on-year in FY27, driven by new capacity and strong demand.
- Kharkhoda Phase II (commissioned April 2026) and Hansalpur Line 4 (operational within FY27) each add 250,000 units, totaling 500,000 units of new capacity.
- Capital expenditure for FY27 is planned at ₹14,000 crore, primarily for the two new plants.
- Maruti aims to facilitate a network of over 100,000 charging points across India by 2030, in partnership with dealers and charge point operators.
Risks flagged
- Q4 saw 80 bps margin impact from adverse commodity prices; West Asia tensions could sustain or worsen cost pressures.
- Bond yield hardening caused a ₹750 crore MTM hit in Q4; further interest rate moves could impact other income.
- West Asia conflict and rare earth supply issues pose risks to energy, raw materials, and logistics, potentially affecting production continuity.
- Management declined to give export guidance, citing unpredictable war impact; exports could face headwinds if global demand weakens.
Key quotes
- Increasing production capacity by about 500,000 units in a single year is virtually unheard of in the passenger vehicle industry, at least in India and many countries abroad.
- Your company, just one company, among 18 car manufacturers in India, alone contributed 49% share of India's total passenger vehicle exports in the financial year.
- It is a very clear signal that the government's intended support to the first time buyers is showing results.
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