Maruti Suzuki India Limited has reported its strongest-ever financial performance for the fiscal year 2025–26, achieving record sales volumes, revenue, and profit despite production constraints.
The company posted total sales of 2.42 million units during the year, marking a significant increase from 2.23 million units in FY25. Domestic sales stood at 1.97 million units, while exports surged to 447,774 units. Maruti Suzuki retained its position as India’s top passenger vehicle exporter for the fifth consecutive year, accounting for 49% of the country’s total exports in the segment.
Net sales for the year rose 20.2% to ₹1.74 trillion, while net profit reached an all-time high of ₹144,454 million. The strong performance was largely driven by robust demand in the second half of the year, supported by a reduction in GST rates.
However, growth was partially constrained by limited production capacity. The company reported approximately 190,000 pending customer orders at the end of March, including nearly 130,000 in the small car segment. Dealer inventory levels also remained tight at around 12 days’ stock.
In the fourth quarter (January–March 2026), Maruti Suzuki recorded its highest-ever quarterly sales of 676,209 units, up 11.8% year-on-year. Net sales for the quarter crossed the ₹50,000 crore milestone for the first time, reaching ₹500,787 million. Operating profit (EBIT) rose 30.4% to ₹44,092 million, though net profit declined 6.9% to ₹35,905 million due to mark-to-market impacts.
The company’s export performance was further boosted by its first battery electric vehicle, the e VITARA, which is now shipped to 44 countries, highlighting its expanding global footprint.
Reflecting its strong financial position, the Board of Directors has recommended a record dividend of ₹140 per share, up from ₹135 in the previous fiscal year.
A key structural change during the year was the amalgamation of Suzuki Motor Gujarat Private Limited with Maruti Suzuki, effective December 1, 2025. Financial statements have been restated accordingly for comparability.
With strong demand fundamentals, expanding exports, and a growing electric vehicle presence, Maruti Suzuki enters FY2027 with solid momentum, although addressing production bottlenecks will remain critical to sustaining growth.
