Maruti Suzuki reports marginal rise in profits owing to sluggish demand; revenue rises 8%

Automobile major Maruti Suzuki Ltd. reported a modest 0.8% rise in consolidated net profit, on the back of sluggish domestic demand. The automaker released its first quarterly results for the fiscal year on Thursday.

The total consolidated income of the company dropped 4.5% from ₹42,431.3 crore in the March quarter to ₹40,493.4 crore. On a yearly basis the income rose 9.7% from last year’s ₹36,839.9 crore.

Revenue from sale of products rose 8% to ₹36,624.1 crore from last year’s ₹33,876.4 crore.

Net profit rose marginally by 0.8% to ₹3,792.4 crore in the April-June period, compared to ₹3,759.7 crore in the same quarter last year. On a quarterly basis, this declined by 3% to ₹3,911 crore. The first quarter of the auto industry is often considered seasonally weak.

Standalone EBITDA also dropped by 11.26% to ₹3,995 crore in June quarter from the year ago quarter’s ₹4,502 crore. Gross margins for the company also dropped to 10.4%. Despite a 4.5% drop in domestic sales, a 37.4% rise in exports led to a total sales volume increase of 1.1%.

The automaker sold 5.28 lakh vehicles during the quarter, comprising domestic sales of 4.31 lakh units and exports of 96,972 units

“In Q1FY26, 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,” the company said in a press release.

Standalone EBITDA declined 11% year-on-year to ₹3,995 crore in the June quarter, compared to ₹4,502 crore a year earlier. Gross margins contracted to 10.4%. While domestic sales fell 4.5%, a 37.4% jump in exports drove a 1.1% increase in total sales volume.

Shares of Maruti Suzuki closed 0.76% lower at ₹12,521 on the NSE on Thursday, from the previous close of ₹12,618