Maruti Suzuki India Ltd reported a 6.5 percent year-on-year decline in consolidated net profit to Rs 3,659 crore for the March quarter, even as revenue from operations rose 28.2 percent to Rs 52,462.5 crore. The country’s largest carmaker also announced a final dividend of Rs 140 per share for FY26.


The company’s earnings were weighed down by higher raw material costs and lower non-operating income, while tax expenses also increased during the quarter, offsetting the strong top-line growth. 

The decline in profit was also partly attributed to mark-to-market impacts during the period, the company said in its press release.

On a standalone basis, Maruti Suzuki reported a 7 percent fall in net profit to Rs 3,591 crore, compared with Rs 3,857.3 crore a year ago. Revenue rose 28.2 percent to Rs 52,449 crore. While EBITDA increased 27 percent to Rs 6,157 crore, margins remained largely stable at 11.7 percent versus 11.8 percent a year earlier.

The company said that the net profit was down due to lower non-operating income, which is a notional loss due to a change in bond yields and can be recovered at a later stage.

Higher tax outgo, which rose to Rs 1,245 crore from Rs 1,005 crore, along with a sharp decline in other income to Rs 500 crore from Rs 1,528 crore, further pressured the bottom line.

Operationally, the company posted its highest-ever quarterly sales volume of 676,209 units, driven by strong export growth and steady domestic demand. Net sales for the quarter crossed the Rs 50,000 crore mark for the first time, while operating profit (EBIT) rose 30.4 percent year-on-year.

For the full year FY26, Maruti Suzuki reported record total sales of over 2.42 million units and achieved its highest-ever net profit and net sales, supported by strong domestic demand in the second half and robust export performance.

While the carmaker sold 1.86 million units in the domestic market, its sales to other original equipment manufacturer (OEM) stood at 0.11 million units. The exports came in at 0.45 million units, all these three figures being the highest-ever for the company.

A key highlight of FY26 was the breadth of high-volume models in Maruti Suzuki's portfolio. As many as seven models, spanning sedan, hatchback and utility vehicle segments, crossed annual sales of 0.15 million units each, underscoring the company's continued strength across categories even as the market tilts towards SUVs.

The seven models were the Dzire sedan, Ertiga MPV, Swift hatchback, WagonR hatchback, Brezza SUV, Baleno hatchback and Fronx SUV. The Dzire sedan was also the best-selling car in India in FY26, with 0.23 million units sold.

During the year, Maruti Suzuki also entered the electric vehicle (EV) segment with the launch of the e Vitara electric SUV, priced between Rs 15.99 lakh and Rs 20.01 lakh (ex-showroom).