Maruti Suzuki Reports Lower Profit Despite Higher Net Sales
Maruti Suzuki India reported a standalone net profit of Rs33.52 billion for the quarter ended June 30, 2026, down from Rs37.58 billion in the same period last year. This decline occurred despite a significant rise in net sales to Rs499.59 billion, up 36% compared to the previous year. The company's revenue from operations increased by nearly 36%, reaching Rs524.55 billion. The drop in profit was attributed primarily to rising expenses, particularly an increase in material costs which rose sharply to Rs320.13 billion from Rs219.36 billion a year ago. Domestic sales of small cars and SUVs grew by 34.1% and 44.6%, respectively. In addition to its financial performance, Maruti Suzuki announced new initiatives including four compressed biogas manufacturing projects with an investment of Rs5.61 billion and the launch of a flex-fuel vehicle model.
Topics: automotive costs profit decline sales growth