Maruti Suzuki India Ltd reported a mixed set of numbers for the first quarter of FY26.
The company’s net profit rose 1.7% year-on-year to ₹3,712 crore, compared to ₹3,650 crore in Q1 FY25. Revenue from operations grew 8% to ₹38,414 crore from ₹35,531 crore, helped by a rise in average selling prices, which were up 7% YoY and 8.5% quarter-on-quarter.
Despite the topline growth, operating performance saw some pressure. EBITDA fell 11.2% to ₹3,997 crore, down from ₹4,502 crore a year ago. Margins also shrank to 10.4% from 12.7% YoY, indicating cost challenges or weaker operating leverage. On the other hand, other income saw a sharp jump to ₹1,823 crore, nearly doubling from ₹975 crore last year.
In terms of volumes, Maruti saw a marginal 1% increase YoY, but volumes dipped 13% compared to the previous quarter. While the company benefited from better pricing, volume softness and margin compression remained key concerns for the quarter.
