Stocks / Maruti Suzuki India (MARUTI)

MARUTI Share Price, Analysis & News

Maruti Suzuki India (MARUTI) — Updated on 2026-06-22

Maruti Suzuki India Limited operates within the auto & truck manufacturers industry, focusing on the production, procurement, and sale of vehicles, components, and spare parts. The company's operations also extend to facilitating pre-owned car sales and fleet management services. Investors closely monitor the Maruti Suzuki India share price to gauge the company's performance and its impact on the automotive sector. Understanding the Maruti Suzuki India business model is crucial for analyzing its financial health, especially in light of evolving industry trends and earnings reports. The company's activities are a key indicator of the broader economic conditions affecting the auto & truck manufacturers sector.
Overview Daily Weekly Quarterly

Key Takeaway

Despite strong revenue growth, Maruti Suzuki's profits are declining, yet analysts maintain an overwhelmingly positive 'Buy' rating, suggesting a disconnect from current earnings.

Daily

2026-06-22
  • The stock's technical indicators present a mixed but leaning neutral picture, with a 0.11% short-term gain contrasting a 2.86% five-day decline. While trading above the 50-day EMA, it remains below the 200-day DMA, signaling a neutral trend. Positive momentum is suggested by a bullish MACD crossover and an RSI of 53.47, indicating that momentum is neither strongly positive nor negative.
  • Fundamentally, the company shows robust revenue growth, with a 28.206% year-over-year increase to ₹52,462 Cr for the Mar 2026 quarter. However, this top-line growth is not translating to the bottom line, as net profit and EPS have seen declines of -6.443% and -6.447% year-over-year, respectively, suggesting potential margin pressures or increased operational costs.
  • Analyst sentiment remains overwhelmingly positive, with 84.21% of ratings being 'Strong Buy' or 'Buy', and this consensus has been stable over the past month. This strong endorsement from analysts, despite recent profit dips, suggests confidence in the company's long-term prospects or growth potential.
  • Institutional investors show a dynamic shift, with FIIs reducing their stake by 1.64% while DIIs increased theirs by 1.25% in the Mar 2026 quarter. This reallocation within the institutional segment, against a backdrop of dominant promoter ownership (58.53%), indicates evolving institutional strategies.
  • Recent company announcements include the closure of the trading window from July 1, 2026, for the upcoming Q1 FY2026-27 results, a standard procedure ahead of financial disclosures. Additionally, newspaper publications were made regarding the transfer of equity shares to the IEPF and general notices, which are administrative updates.
  • External news highlights sector-specific developments in the auto industry, with one report noting Japan's NIFCO leasing a 5.13-acre plot in Maharashtra for a manufacturing plant, and another indicating strong overall vehicle registrations in June 2026, with a nearly 20% year-over-year increase. These are broad sector trends and not direct news for the company.
Open daily analysis

Weekly

Latest weekly signal
  • Maruti Suzuki shares rose over 4% this week, driven by the government's approval of legal recognition for E100 fuel, a 100% ethanol blend.
  • The stock's price is currently 0.44% above its 50-day moving average, indicating some short-term positive momentum, though it remains 4.0% below its 200-day moving average.
  • Weekly trading volume increased by 13.18%, suggesting heightened investor interest during the week.
  • The technical picture presents mixed signals, with a declining 20-week MA indicating short-term weakness, while the 50-week MA slope is up, suggesting longer-term strength.
  • Maruti Suzuki launched India's first flex-fuel Wagon R on June 4, 2026, aligning with national energy goals.
Open weekly analysis

Quarterly

fy26-q4
  • Revenue grew strongly year-over-year to ₹52,462.5 Crores (+28.2% YoY), indicating robust top-line expansion. Net Profit declined to ₹3,659 Crores (-6.5% YoY), showing that profitability was impacted despite revenue growth. Total Expenses increased significantly to ₹48,125.3 Crores (+28.0% YoY), driven by higher costs. The cost of materials consumed rose substantially by 50.7% year-over-year, contributing to increased expenses. Other income decreased by 68.0% year-over-year to ₹483.9 Crores, reducing a source of profit.
Open quarterly analysis

Price & Technical Structure

  • Short-term returns show a mixed picture with a 0.11% gain in one day, but a 2.86% decline over five days.
  • The stock is trading above its 50-day EMA but below its 200-day DMA, indicating a neutral trend alignment.
  • Momentum is positive with a bullish MACD crossover and an RSI of 53.47, suggesting a neutral to slightly positive momentum.
  • Volatility is moderate with the price positioned at 66.1% of the Bollinger Band width, and an annualized volatility of 19.34%.
  • The stock is trading 22.45% below its 52-week high and 9.0% above its 52-week low, with a current drawdown of -22.45%.
The stock exhibits a neutral trend, supported by mixed short-term returns and a price positioned between its 50-day EMA and 200-day DMA. Positive momentum is indicated by a bullish MACD and a neutral RSI. Volatility remains moderate, with the price trading within the Bollinger Bands. Structurally, the stock is closer to its 52-week low than its high, with a notable drawdown from its peak.

Weekly Momentum

  • Maruti Suzuki shares rose over 4% this week, driven by the government's approval of legal recognition for E100 fuel, a 100% ethanol blend.
  • The stock's price is currently 0.44% above its 50-day moving average, indicating some short-term positive momentum, though it remains 4.0% below its 200-day moving average.
  • Weekly trading volume increased by 13.18%, suggesting heightened investor interest during the week.
  • The technical picture presents mixed signals, with a declining 20-week MA indicating short-term weakness, while the 50-week MA slope is up, suggesting longer-term strength.
  • Maruti Suzuki launched India's first flex-fuel Wagon R on June 4, 2026, aligning with national energy goals.
The stock experienced a modest price increase this week, primarily driven by positive news regarding government support for ethanol-based fuels, which directly benefits Maruti Suzuki's recent product launches. Increased trading volume suggests growing investor interest. However, the technical indicators present a mixed outlook, with short-term trends showing weakness despite a positive long-term MA trend. The company's fundamentals show strong revenue growth but a decline in net profit year-over-year, alongside a PE ratio of 29.1x.

Quarterly Analysis

Revenue grew strongly year-over-year to ₹52,462.5 Crores (+28.2% YoY), indicating robust top-line expansion.
Net Profit declined to ₹3,659 Crores (-6.5% YoY), showing that profitability was impacted despite revenue growth.
Total Expenses increased significantly to ₹48,125.3 Crores (+28.0% YoY), driven by higher costs.
The cost of materials consumed rose substantially by 50.7% year-over-year, contributing to increased expenses.
Other income decreased by 68.0% year-over-year to ₹483.9 Crores, reducing a source of profit.
Profitability declined despite strong revenue growth, indicating margin pressure driven by significantly increased expenses, particularly the cost of materials consumed. The reduction in other income also contributed to the lower net profit.
Maruti Suzuki India Ltd reported strong revenue growth for FY26 Q4. Revenue increased by 28.2% year-over-year to ₹52,462.5 Crores. This growth was driven by increased sales volumes. Revenue also saw a 5.1% increase from the previous quarter.

Despite this revenue performance, net profit declined. Net Profit for FY26 Q4 was ₹3,659 Crores, a decrease of 6.5% compared to the same quarter last year. This indicates margin pressure.

Expenses rose substantially by 28.0% year-over-year to ₹48,125.3 Crores. A major contributor to this increase was the cost of materials consumed, which saw a substantial rise of 50.7% year-over-year, amounting to ₹35,168.9 Crores. Other expenses also increased, including employee benefit expense (+24.9% YoY), depreciation (+19.6% YoY), and finance costs (+53.4% YoY). Tax expense increased by 25.1% year-over-year to ₹1,259.4 Crores.

Other income decreased significantly by 68.0% year-over-year to ₹483.9 Crores. This reduction in other income also impacted overall profitability. Share of profit from associates and joint ventures increased by 35.3% year-over-year to ₹97.3 Crores.

Inventory levels saw a significant increase of 63.8% year-over-year, reaching ₹11,320.6 Crores as of March 31, 2026. Current assets grew by 32.0% year-over-year to ₹38,957.4 Crores as of March 31, 2026.