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Maruti Suzuki Q4 Results 2026 LIVE: Maruti Suzuki India, the largest passenger car maker in India, announced its Q4 results today, wherein the company posted a 6.9% year-on-year (YoY) decline in standalone net profit to ₹3,590.5 crore.

The bottomline was hurt by rising prices of raw materials, which drove its expenses higher during the quarter under review by 28% YoY.

Meanwhile, the revenue remained strong at ₹52,449 crore as against ₹40,909.6 crore in the same period last year, recording a growth of 28.21% YoY.

Maruti Suzuki's board also announced a dividend of ₹140 per share along with Q4 results. The company has fixed 7 August 2026 as the record date for determining eligible shareholders for the payment of said dividend. The date of payment of the dividend is set as 9 September 2026.

Stay tuned to this segment for Maruti Suzuki Q4 results live updates.

Maruti achieved record total sales of 2,422,713 units for the full financial year 2025-26 (FY26), of which domestic sales were at 1,974,939 units and exports were 447,774 units.

In the same period last year, the total sales were at 2,234,266 units, comprising domestic sales of 1,901,681 units and exports of 332,585 units.

It record net sales of ₹1,743,695 million in FY2025-26, a growth of 20.2% over that in FY2024-25. The company achieved its all-time high net profit of ₹144,454 million in FY2025-26, compared to ₹142,976 million in the previous year.

The company said sales were restricted by a limitation in the production capacity as evidenced by about 190,000 pending customer orders at year end, including nearly 130,000 orders in the small car segment (18% GST bracket). In addition, the dealer's inventory was at a low of about 12 days’ stock.

Operating profit (EBIT) for Q4 FY2025-26 increased by 30.4% over Q4 FY2024-25, reaching an all-time high of ₹4409.2 crore.

Maruti recorded its highest-ever quarterly sales of 676,209 units, up 11.8% from Q4 FY2024-25. Domestic sales were at 538,994 units and exports at an all-time high of 137,215 units.

The revenue growth was robust as the company's standalone revenue came in at ₹52,449 crore as against ₹40,909.6 crore in the same period last year, recording a growth of 28.21%.

Maruti Suzuki along with Q4 results also announced a final dividend of ₹140 per share today.

Maruti Suzuki posted a 6.9% year-on-year decline in standalone net profit to ₹3,590.5 crore in Q4FY26 as against a profit of ₹3857.3 crore in Q4FY25.

Maruti Suzuki India Limited is expected to post strong Q4FY26 revenue growth of up to 30% YoY, driven by higher volumes and improved realisations.

Maruti Suzuki share price was trading lower ahead of the Q4 results today. The auto stock was down 0.39% at ₹13,173.95 apiece on the BSE, at 2:20 PM.

Kotak Institutinal Equities expects Maruti Suzuki’s revenues to increase by 27% on YoY basis led by 12% YoY increase in volumes and 14% yoy increase in ASPs due to richer product mix. It estimates EBITDA margin to increase by 10 bps QoQ to 12.5% led by operating leverage benefits, lower advertisement spends (launch cost), reversal of few one-offs pertaining to previous quarter (finished goods inventory) and lower discounts, which will be partly offset by commodity headwinds and lumpy year-end expenses.

Motilal Oswal expects Maruti Suzuki to post 7% YoY PAT growth in Q4, and margins to decline 60 bps QoQ to 11.8%.

Volume growth was healthy at 12% YoY, led by steady demand, but upside was capped by capacity constraints. UV mix was largely flat at 34% versus 35% QoQ. However, export mix has improved 500 bps QoQ to 21%. Reduced discounts QoQ may help to partially offset the surge in input costs, said Motilal Oswal.

JM Financial expects Maruti Suzuki’s net profit in Q4FY26 to rise 16.7% to ₹4,329 crore from ₹3,711.1 crore, while revenue to grow 28.4% to ₹52,207 crore from ₹40,673.8 crore, YoY, led by increase in volume and better realisation due to higher share of exports and lower discounts.

EBITDA is estimated to rise 49.1% to ₹6,359 crore from ₹4,264.7 crore, while EBITDA margin is seen improving by 170 bps to 12.2% from 10.5%, YoY.

Axis Securities expects Maruti Suzuki’s total revenue to grow by 25.3% YoY, driven by an 11.8% YoY increase in volumes and 12% YoY growth in ASPs over the past year. This growth is supported by an improved product mix, with a higher UV contribution at 32.5% in Q4FY26 compared to 31.6% in Q4FY25, along with a stronger export mix of 20.4% versus 14.1% in the same period, and the impact of new product launches.

EBITDA margins for Maruti Suzuki are expected to improve by ~104 bps YoY and 36 bps QoQ, supported by higher sales of new models (Victorious and e-Vitara) and increased export volumes, said the brokerage firm.

SUV volumes remained strong, but small car sales moderated. Improved realization, exports mix and weaker INR should aid revenue growth of 26% YoY. EBITDA margin is expected to decline by 40 bps YoY due to RM inflation and lower other income is likely to keep the PAT flattish YoY, said PL Capital.

At the operating level, EBITDA is expected to jump nearly 38% YoY, while EBITDA margins are expected to improve by 104 bps YoY and 36 bps QoQ, supported by higher sales of new models (Victorious and e-Vitara) and increased export volumes.

Maruti Suzuki’s volumes in the March quarter is seen growth 11.8% to 6,76,209 units from 6,04,635 units, YoY.

Maruti Suzuki’s net profit in Q4FY26 is expected to rise 12% to ₹4,156 crore from ₹3,711 crore in the year-ago period, according to Mint poll of five brokerages. The company is expected to post strong revenue growth of 26% at ₹51,250 crore as compared to ₹40,674 crore, year-on-year (YoY), driven by higher volumes and improved realisations.

Maruti Suzuki share price traded flat ahead of the Q4 results today. The auto stock opened marginally lower at ₹13,215.00 apiece as against its previous close of ₹13,225.65 on the BSE. The stock rose as much as 0.6% to ₹13,305.55 apiece on the BSE. Maruti Suzuki shares were trading 0.34% lower at ₹13,181.00 apiece.

Maruti Suzuki is expected to report a mixed set of Q4 results. While the company’s revenue growth is estimated to be strong, analysts are divided on the profitability. Margin is likely to expand, supported by operating leverage.

The company’s board is also expected to recommend dividend, if any, on equity shares of the company for the financial year 2025-26.Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants.

With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding.

Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI.

Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

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