Maruti Suzuki’s stock rose on August 1 after the company reported a 2% rise in net profit to ₹3,712 crore for Q1 FY26, beating estimates. Revenue rose 8% year-on-year to ₹38,414 crore, also ahead of analyst expectations.
However, EBITDA fell 11% to ₹3,995 crore, with operating margins slipping by 227 bps to 10.4% due to higher input costs, forex losses, and Kharkhoda plant-related expenses.
Export growth of 37.4% helped offset a 4.5% decline in domestic sales, with total vehicle sales up 1.1% YoY at 5.28 lakh units.
Despite margin contraction, a higher-than-expected net profit and revenue supported positive investor sentiment, lifting the stock on the back of solid export performance and resilient topline.
“In Q1, the domestic passenger vehicle industry continued to witness a sluggish demand environment. For the company, a decline in domestic sales of 4.5% was compensated by a robust 37.4% growth in exports, resulting in an overall sales volume increase of 1.1% for the quarter, year-on-year,” Maruti Suzuki said in a regulatory filing.
The stock was trading 1.04% higher at ₹12,739.00 on NSE at 9:17 am today.
