The country’s largest carmaker Maruti Suzuki posted a 6.9% year-on-year decline in standalone net profit at ₹3,590 crore in Q4 FY26, compared to ₹3,857 crore in the corresponding quarter last year. The dip was largely attributed to higher raw material costs, which pushed overall expenses up by 28% YoY during the quarter.
Record sales drive revenue growth
Despite the pressure on margins, Maruti Suzuki clocked its highest-ever quarterly net sales of ₹50,078 crore, up sharply from ₹38,839 crore in Q4 FY25. The company also recorded its best-ever quarterly sales volume of 6.76 lakh units, marking an 11.8% growth.
Domestic sales stood at 538,994 units, while exports hit an all-time high of 137,215 units, reflecting robust global demand for made-in-India vehicles.
FY26: record year across metrics
For the full financial year, Maruti Suzuki posted its highest-ever net profit of ₹14,445 crore, marginally higher than ₹14,297 crore in FY25. Net sales surged 20.2% to a record ₹1,74,369 crore.
Total sales for FY26 reached an all-time high of 24.22 lakh units, up from 22.34 lakh units in the previous year. Domestic sales stood at 19.74 lakh units, while exports rose sharply to 4.47 lakh units, highlighting the company’s growing global footprint.
Exports power growth story
Maruti Suzuki retained its position as India’s top passenger vehicle exporter for the fifth consecutive year, contributing nearly 49% of the country’s total exports in the segment. The company’s made-in-India electric SUV, the e VITARA, has already reached 44 international markets, signalling its early push into global EV markets.
Dividend boost for shareholders
The Board of Directors has recommended a dividend of ₹140 per share (face value ₹5) for FY26, up from ₹135 per share in the previous year, reflecting steady cash generation despite margin pressures.
With record sales, rising exports, and early traction in EV markets, Maruti Suzuki continues to strengthen its leadership position, even as cost inflation weighs on near-term profitability.