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As of 2026-08-25
Maruti Suzuki's sales have shown a strong upward trend, increasing from ₹86,068 crore in March 2019 to a projected ₹183,316 crore by March 2026. Net profit has also seen significant growth, rising from ₹7,651 crore in March 2019 to a projected ₹14,680 crore by March 2026. Operating Profit Margin (OPM) has fluctuated, standing at 13.0% in March 2019, decreasing to 7.0% in March 2022, and recovering to a projected 12.0% by March 2026.
Maruti Suzuki's borrowings have seen significant fluctuations. They increased from ₹160 crore in March 2019 to ₹1,197 crore in March 2023, before sharply decreasing to ₹119 crore in March 2024. Projections show a further decrease to ₹87 crore by March 2025 and a slight increase to ₹102 crore by March 2026.
There have been several recent technical anomalies. On August 7, 2026, a significant downside gap occurred, opening materially below the previous close. On August 3, 2026, there was high trading volume without a clear directional move. On July 13, 2026, another downside gap was observed. Additionally, on July 8, 2026, a downward price movement of 2.53 standard deviations was recorded.
On a daily timeframe, the trend is characterized as a weak downtrend, with the price below the 20-day Simple Moving Average (SMA). On a weekly timeframe, the trend is a weak uptrend, with the price above the 20-day SMA. The stock is currently assessed as having elevated risk, with a recent drawdown of -21.55% and annualized volatility of 23.34%.
Domestic Institutional Investors (DIIs) have increased their stake from 13.41% in March 2019 to a projected 24.09% by March 2026. Conversely, Foreign Institutional Investors (FIIs) have decreased their holdings from 22.30% in March 2019 to a projected 14.12% by March 2026. Promoter holdings have remained relatively stable, increasing slightly from 56.21% in March 2019 to a projected 58.53% by March 2026.
Showing 3 of 18 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Downward price movement of 2.53 standard deviations recorded on 2026-07-08.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹52,469.80 crore | ₹52,462.50 crore | ₹49,904.10 crore | ₹42,344.20 crore | ₹38,605.20 crore |
| Profit Before Tax | ₹4,343.50 crore | ₹4,821.10 crore | ₹4,831.90 crore | ₹4,272 crore | PEAK₹4,908 crore |
| Profit Loss For Period From Continuing Operations | ₹3,349.20 crore | ₹3,561.70 crore | PEAK₹3,793.70 crore | ₹3,281.70 crore | ₹3,756.90 crore |
| Profit Loss For Period | ₹3,446.90 crore | ₹3,659 crore | PEAK₹3,879.10 crore | ₹3,349 crore | ₹3,792.40 crore |
| Comprehensive Income For The Period | ₹3,563.10 crore | ₹3,157.70 crore | PEAK₹4,254.70 crore | ₹3,609.50 crore | ₹4,138.90 crore |
| Finance Costs | ₹63.50 crore | PEAK₹73 crore | ₹61.70 crore | ₹57.20 crore | ₹46.80 crore |
In Q1 FY2026-27, Maruti Suzuki India Limited reported a 35.9% year-on-year increase in revenue from operations to ₹52,469.8 crore. However, profit before tax fell 11.5% to ₹4,343.5 crore, and net profit declined 9.1% to ₹3,446.9 crore. The divergence between top-line growth and bottom-line performance highlights expense pressure that absorbed most of the revenue gains. On a sequential basis, revenue was nearly flat while profit fell further from the previous quarter, indicating that the earnings decline was not merely a year-on-year effect.
Revenue from operations rose 35.9% compared with the same quarter last year, reaching ₹52,469.8 crore. Compared with the preceding quarter (Q4 FY2025-26), revenue was virtually unchanged, moving from ₹52,462.5 crore to ₹52,469.8 crore.
Profit before tax (PBT) decreased 11.5% year-on-year to ₹4,343.5 crore, while net profit fell 9.1% to ₹3,446.9 crore. The PBT margin narrowed from 12.7% in Q1 last year to 8.3% in the current quarter, and the net profit margin declined from 9.8% to 6.6%. Sequentially, PBT was down 9.9% from ₹4,821.1 crore in the fourth quarter, even as revenue remained flat, pointing to persistent expense burdens.
Other income contributed ₹1,874 crore during the quarter. Excluding this non-operating item, core operating profit (PBT plus finance costs minus other income) was approximately ₹2,533 crore, representing an operating margin of about 4.8%. This underscores the significant role other income played in supporting reported profits.
The largest expense line was cost of materials consumed, at ₹32,013.2 crore, or 61.0% of revenue. Purchases of stock-in-trade amounted to ₹5,439.1 crore (10.4% of revenue), and changes in inventories of finished goods, work-in-progress, and stock-in-trade added another ₹2,901.9 crore (5.5% of revenue). Employee benefit expenses stood at ₹2,463.8 crore (4.7% of revenue), while depreciation and amortisation was ₹1,780.3 crore (3.4% of revenue). Finance costs were modest at ₹63.5 crore.
Together, these six expense items accounted for 85.1% of revenue, illustrating the heavy cost load that left limited scope for other operating costs and profit after accounting for other income.
Other income of ₹1,874 crore significantly bolstered the bottom line. Comprehensive income for the quarter was ₹3,563.1 crore, exceeding net profit by ₹116.2 crore, driven by positive other comprehensive income items. This contrasts with the previous quarter, when comprehensive income of ₹3,157.7 crore was ₹501.3 crore below net profit.
Maruti Suzuki's Q1 FY27 volumes rose 29.3% YoY to 682,724 units, with domestic market share up 2.3pp to 41.2% and dealer inventory at a lean ~13 days. Growth was led by small cars (+34.1%), SUVs (+44.6%) and exports (+28.6%), supported by the second Kharkhoda plant. Net sales jumped 36% to INR 499,591 million, but net profit fell to INR 33,521 million from INR 37,581 million, as material costs increased and were seriously aggravated by the West Asia conflict.
Management attributed the margin hit to adverse commodity prices, adverse foreign exchange, inventory depletion-related fixed-cost incidence, seasonal employee costs and higher depreciation from Kharkhoda expansion; operating leverage, cost reduction and higher income provided partial offsets. On capex/strategy, the Board cleared four CBG manufacturing projects in the first phase with a budget of INR 5,610 million, and will consider further CBG expansion based on their experience.
Maruti Suzuki’s Q1 results show a stark two-speed picture: a 36% leap in revenue against a 9% decline in net profit. The erosion of margins stemmed from a cost structure where material costs alone consumed over 60% of revenue, and total identified expenses before other costs claimed 85% of the top line. While the revenue performance was robust, the benefits were largely absorbed by expenses, leaving profitability heavily reliant on other income. The sequential fall in profit despite stable revenue reinforces that the cost challenge was not limited to year-on-year comparisons.
Exchange disclosures and regulatory announcements for Maruti Suzuki India.
Maruti Suzuki India Limited published a newspaper notice regarding the opening of a special window for the transfer and dematerialisation of physical shares of the company, as disclosed in a filing to the National Stock Exchange of India and BSE Limited on 14th August 2026.
Maruti Suzuki India Limited published a newspaper notice (in Financial Express and Jansatta) regarding its 45th Annual General Meeting, to be held through video conferencing/other audio visual means, along with information on e-voting. The notice was submitted to stock exchanges on August 9, 2026, by Company Secretary Sanjeev Grover.
The filing reports employee performance review statistics: 19,344 reviews (97.99% completion), 17,629 (98.30%), 1,426 (97.74%), 1,182 (97.04%), 20,770 (97.97%), 18,477 (98.22%), 41,874 (85.16%), 46,057, 27,333 (59.35%), 119 (75.32%), 147, 26 (17.69%), 41,993 (85.13%), and 27,333 (59.21%). It also reports a Lost Time Injury Frequency Rate (LTIFR) of 0.007, 0.009, and 0.014 per million person-hours worked, with no fatalities. The company describes an integrated proactive approach to occupational health, safety, and well-being, combining structured management systems and multi-level measures.
Maruti Suzuki India Limited issued letters to members without registered email IDs, providing the web link to access the Annual Report for the financial year 2025-26. The 45th Annual General Meeting is scheduled for 31st August 2026 at 10:00 a.m. IST via video conferencing.
Maruti Suzuki India Limited will hold its 45th Annual General Meeting on August 31, 2026, in New Delhi to consider the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, alongside a proposed dividend declaration. The meeting agenda includes the re-appointment of Executive Director Mr. Kazunari Yamaguchi and Non-Executive Non-Independent Director Mr. Toshihiro Suzuki, both retiring by rotation. Additionally, shareholders are scheduled to ratify the remuneration of Cost Auditor M/s R.J. Goel & Co. for the period from April 1, 2026, to March 31, 2027.
Maruti Suzuki India Limited released its Annual Integrated Report 2025-26, reporting highest-ever annual sales of 24.22 lakh vehicles and record exports of 4.47 lakh vehicles in FY 2025-26, marking the third consecutive year of achieving the 2 million sales mark. Chairman R.C. Bhargava estimated the car industry could grow to 6.1-6.3 million units by FY 2030-31 and noted Board approval for four biogas plants in the first phase at a cost of Rs. 561 crore. Managing Director & CEO Hisashi Takeuchi said the company added 500,000 units of manufacturing capacity during FY 2026-27 and plans to introduce 7 SUVs in the next 5-6 years.
Maruti Suzuki India Limited announced its 45th Annual General Meeting scheduled for August 31, 2026, to consider the adoption of audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The meeting will propose a dividend declaration of INR 140 per equity share and seek re-appointment of directors Mr. Kazunari Yamaguchi and Mr. Toshihiro Suzuki who are retiring by rotation. Additionally, shareholders must ratify the remuneration of INR 7.15 lakh plus applicable taxes for Cost Auditor M/s R.J. Goel & Co. for the financial year 2026-27.
Maruti Suzuki India Limited uploaded the transcript of its earnings call, which concluded on July 31, 2026, at 18:00 IST, to its corporate website on August 6, 2026, at 16:40 IST. The company had previously intimated the exchange about this call on July 28, 2026.
Maruti Suzuki India Limited uploaded the transcript of an investors' call held on July 31, 2026, concerning the financial results for the quarter ended June 30, 2026. The transcript is available on the company's website.
Maruti Suzuki India Limited has submitted the Consolidated Financial Results for the first three months of FY 2026, issued by Suzuki Motor Corporation in Japan. The results show a consolidated revenue of 1,705.8 billion yen, a 22.0% increase from the previous year's 1,397.8 billion yen. Profit before tax increased by 61.2% to 283.2 billion yen, and profit attributable to owners of the parent rose by 80.0% to 183.6 billion yen.
Maruti Suzuki India Limited published its financial results for the quarter ended June 30, 2026, in the Financial Express and Jansatta newspapers on August 1, 2026, in compliance with SEBI regulations.
In July 2026, Maruti Suzuki India Limited reported total sales of 241,421 units, with domestic sales reaching an all-time high of 200,123 units. Sales to other OEMs were 11,242 units, and exports totaled 30,056 units. The company also provided a detailed breakdown of sales by vehicle category for July 2026 and the fiscal year-to-date.
Maruti Suzuki India Limited reported its production figures for July 2026, with a grand total of 248,845 vehicles produced. This includes 244,445 passenger vehicles and 4,400 light commercial vehicles. The company's production for July 2026 shows an increase compared to July 2025, when 187,073 vehicles were produced.
Maruti Suzuki India Limited announced its un-audited financial results for the quarter ended June 30, 2026, on July 31, 2026. The company reported total revenue from operations of 524,551 million and profit before tax of 43,413 million. The company is currently unable to estimate its Extended Producer Responsibility obligations under the Environment Protection (End-of-Life Vehicles) Rules, 2025, due to an incomplete implementation framework.
Maruti Suzuki India Limited filed an investor presentation on July 31, 2026, detailing its financial results for the quarter ended June 30, 2026. The presentation compares Q1 FY'27 results with Q1 FY'26 and Q4 FY'26, noting a sales volume of 527,861 units and net sales of INR 499,591 million for Q1 FY'27 compared to Q1 FY'26. Key financial ratios and reasons for margin movements, including adverse commodity prices and foreign exchange, are discussed. The filing also notes that Suzuki Motor Gujarat Private Limited amalgamated with Maruti Suzuki India Limited effective December 1, 2025, with restated financial statements for comparison.
Maruti Suzuki India Limited has uploaded the audio recording of its investors' call held on July 31, 2026, concerning the financial results for the quarter ended June 30, 2026, to its corporate website.
Maruti Suzuki India Limited announced its financial results for Q1 FY 2026-27, reporting a 29.3% increase in total sales volume and a rise in domestic market share to 41.2%. Net sales grew 36% to INR 499,591 million, while net profit decreased to INR 33,521 million from INR 37,581 million in Q1 FY 2025-26 due to increased material costs. The Board also approved four Compressed Biogas (CBG) manufacturing projects with an initial budget of INR 5,610 million.
Maruti Suzuki India Limited has disclosed an audio recording of a call held on July 31, 2026. The recording was uploaded to the company's website on July 31, 2026, at 21:19:00. Prior intimation of this earnings call was provided to the exchange on July 28, 2026.
Maruti Suzuki India Limited commenced commercial production at the fourth plant of its Hansalpur, Gujarat facility on July 30, 2026, adding 250,000 units to its annual capacity. This brings the Hansalpur facility's total capacity to 1 million units and the company's overall annual production capacity to 2.9 million units. The new plant, with an estimated investment of INR 3,900 crore, will initially produce the e VITARA BEV. The total cumulative investment at the Hansalpur facility is INR 252,887 million.
Maruti Suzuki India Limited's matter with the Competition Commission of India, previously scheduled for July 30, 2026, was adjourned to September 28, 2026, due to time constraints during the hearing for arguments by the CCI.
Maruti Suzuki India Limited commenced commercial production at its fourth plant in Hansalpur, Gujarat on July 30, 2026. This new plant adds a capacity of 250,000 units per annum, bringing the company's total annual production capacity to 2.9 million units. The Hansalpur facility now has a total capacity of 1 million units.
Maruti Suzuki India Limited will hold its Q1 FY27 Earnings Conference Call virtually on July 31, 2026, at 17:15 IST. The call will discuss Q1 results and will be hosted in New Delhi. Dial-in details for various international locations and contact information for Mr. Pranav Ambaprasad are provided.
Maruti Suzuki India Limited will hold an earnings call for analysts and investors on July 31, 2026, at 5:15 p.m. to discuss results for Quarter I of Fiscal Year 2026-27.
Maruti Suzuki India Limited launched the New Brezza Turbo Boosterjet on July 24, 2026, with introductory prices starting at INR 7,39,900. The updated compact SUV features a new 6-speed manual transmission, Progressive Smart Hybrid Technology, and enhanced safety features. It is available with multiple engine options, including a Turbo Boosterjet engine and a K15C engine, with varying fuel efficiency ratings for petrol and S-CNG variants.
Maruti Suzuki India Limited will increase prices across its model portfolio by up to Rs. 30,000 effective August 2026 due to sustained increases in input costs and inflationary burdens. The company has made efforts to mitigate cost impacts through reduction measures but is constrained to pass on a portion of the increased costs. The exact price change will vary by model.
Recent market and company developments associated with Maruti Suzuki India.
At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 90.83 points or 0.12% to 77,278.28. The Nifty 50 index lost 45.50 points or 0.18% to 24,172.25.
Indian car makers see strong sales volumes, but profits are declining. Rising commodity prices and currency shifts are impacting manufacturer margins. Maruti Suzuki's profits fell despite record sales, showing margin erosion. Tata Motors and Hyundai also reported lower profits due to cost pressures. Automakers are investing heavily in new technologies and plants, affecting current earnings.
At 9:16 am, the BSE Sensex was up 205 points, or 0.26%, at 77,746.06, while the NSE Nifty rose 0.20% to 24,301.40, compared with its previous close of 24,252.
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Indias passenger vehicle market has seen a sharp rise in the number of variants offered by automakers, making cars more customisable but also making purchase decisions more complicated.
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Indian consumer companies are increasing festive marketing budgets by up to 20% as demand shows signs of strengthening and dealers build inventory ahead of the key consumption season. Automakers, FMCG and electronics firms are boosting advertising and consumer engagement despite margin pressures from higher input costs and rupee depreciation.
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July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in about 422 stocks. Simultaneously, the fund reduced its involvement in 164 stocks, affecting numerous prominent companies. They integrated five new stocks and fully exited from J.B. Chemicals and Nilkamal. HDFC Mutual Fund now manages a total of around 703 stocks, heavily weighted towards financial services.
Cars News: Maruti Suzuki's Fronx has reached a major export milestone, with the SUV crossing 2 lakh units shipped from India in under 38 months. The achievement .
New Delhi, Aug 18 (IANS) Leading automobile firm Maruti Suzuki India Limited on Tuesday said that its popular SUV -- FRONX -- has crossed the milestone of 2 lakh exports in under 38 months, becoming the fastest SUV from India to achieve this feat.
India's shift to E20 fuel sparks concerns over vehicle compatibility, mileage loss, and the need for better fuel quality controls.
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Maruti Suzuki Brezza 1.0 Turbo review: We assess its performance, features, safety, practicality, pricing and how it stacks up against rivals like the Hyundai Venue, Kia Sonet and Tata Nexon.
Indias passenger vehicle sales rose 34% year-on-year to a record 457,810 units in July, supported by improved affordability and strong CNG demand. Two-wheeler sales increased 23%, while three-wheeler volumes grew 33% during the month.
New Delhi: Hours after India made public assurances last week that ethanol-blended petrol was safe, the country’s main auto lobby withdrew a complaint about fuel contamination it had sent to the government a week earlier, saying some figures needed more checks. But separate communications between industry executives, reviewed by Reuters, showed that in the preceding […]
India's top carmakers, including Maruti Suzuki, Tata Motors and Mahindra, have expressed private concerns about E20 petrol contamination, according to Reuters.
Carmakers Maruti, Tata, and Mahindra privately expressed E20 fuel contamination concerns to the government, despite public support for its rollout.
India Business News: Amid the raging debate on impact of ethanol-blended E20 petrol on cars, internal communications exchanged among auto industry executives reveal concer.
Indias domestic passenger vehicle dispatches to dealers rose 34.3% year-on-year to 4.58 lakh units in July, according to SIAM. Two-wheeler sales increased 22.6% to 19.23 lakh units, while three-wheeler dispatches grew 33.4% to 92,560 units compared with July 2025.
Comprehensive Section Breakdown for Maruti Suzuki India
Strategic Vision: Passenger car manufacturer with distinct retail channels and integrated production.
Category: Manufacturing
The main dealership network managing mass-market passenger cars, entry-level hatchbacks, and light commercial vehicles.
Key Products & Services: Alto • Swift • WagonR
Category: Manufacturing
The premium retail channel managing premium hatchbacks, executive sedans, and sport utility vehicles (SUVs).
Key Products & Services: Baleno • Grand Vitara
Category: Supply Chain
The corporate-managed channel for purchasing, certifying, and selling pre-owned passenger vehicles.
Core Thesis: Distinct sales channels and integrated production facilities cater to separate consumer profiles and market demands.
• Retail Segmentation: Distinct sales channels, ARENA for mass-market and NEXA for premium vehicles, share backend networks to target different consumer profiles. • Manufacturing Amalgamation: Suzuki Motor Gujarat (SMG) production facilities are integrated into MSIL under unified management, aligning manufacturing with market demand. • Digital & Physical Sales Integration: Dealer management systems are integrated with digital portals for a 'phygital' sales experience, allowing online initiation and physical completion of purchases. • Parent-Subsidiary Technology Transfer: Suzuki Motor Corporation provides core technology architectures and designs, which MSIL localizes for the Indian market.
• Integrated production and distribution networks
• Dual-channel retail strategy targeting mass and premium segments
• Technology transfer from parent company