Risk Intelligence
Geopolitical disruptions in Middle East
View Risks →Hyundai Motor India reported Q4 FY26 revenue of ₹18,916 crore, up 5.4% YoY, driven by record domestic volumes (166,578 units, +8.5% YoY) and export growth of 9.4%.
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Hyundai Motor India reported Q4 FY26 revenue of ₹18,916 crore, up 5.4% YoY, driven by record domestic volumes (166,578 units, +8.5% YoY) and export growth of 9.4%. However, EBITDA margin contracted 370 bps YoY to 10.4% due to elevated commodity costs, capacity addition expenses, and unfavorable mix. PAT fell 22% to ₹1,256 crore. Management guided for FY27 domestic and export volume growth of 8-10% each, supported by two new SUV launches (one EV, one ICE) and a record capex of ₹7,500 crore. Margins are expected to remain within the 11-14% range, aided by price hikes, cost optimization, and improved Chennai plant utilization. Key risk: sustained geopolitical disruptions in the Middle East could pressure export volumes.
Geopolitical disruptions in Middle East
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Read Transcript →Highest ever quarterly domestic sales for the company.
Full-year export growth significantly outperformed initial guidance of 7-8%.
All-time high rural penetration, up from 22.6% in Q1 FY26.
Steady increase from 13% in Q4 FY25, reflecting shift to eco-friendly powertrains.
Management expects domestic sales to grow 8-10% year-on-year, outpacing industry growth of 4-6%.
Export volumes to the Middle East have been impacted by the ongoing war, and further escalation could hinder export growth targets.
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