Maruti Suzuki India reported a mixed performance for the April–June quarter (Q1 FY27), with standalone net profit declining 11% year-on-year despite a sharp rise in revenue. Higher material costs, exacerbated by the impact of the ongoing war, weighed on earnings and compressed operating margins even as the country’s largest carmaker recorded robust sales growth, expanded its market share, commissioned a new manufacturing plant, and strengthened its alternative fuel strategy with the launch of India’s first flex-fuel car and fresh investments in compressed biogas projects.
Metric
Q1 FY27
Q1 FY26
Change
Standalone Net Profit
₹3,352 crore
₹3,758 crore
↓ 11% YoY
Revenue from Operations
₹52,456 crore
₹38,593 crore
↑ 36% YoY
EBITDA
₹4,312 crore
₹4,621 crore
↓ 7% YoY
EBITDA Margin
8.22%
11.97%
Down 375 bps
Operational Highlights
Parameter
Details
Key reason for profit decline
Higher material costs due to war-related impact
Domestic market share
Increased to 41.2% (up 2.3 percentage points)
Production expansion
Second manufacturing plant commissioned at Kharkhoda
Dealer inventory
Around 13 days at quarter-end
New product
Launched India’s first flex-fuel car with the Wagon R
Green energy investment
Approved 4 CBG projects with an initial investment of ₹561 crore
