BSECompany Update31 Jul 2026 · 31 Jul 2026, 04:58 pm
Investor Presentation on the financial results for the quarter ended on 30th June 2026
Maruti Suzuki India Ltd · 532500
✦ AI SummaryResults
Maruti Suzuki India Ltd has announced its Q1 FY'27 standalone financial results, showing a 29.3% YoY growth in sales volume and a 36.4% YoY growth in net sales. However, the company's operating EBITDA and EBIT margins have declined by 6.7% and 17.4% respectively compared to Q1 FY'26. The decline in margins is attributed to adverse commodity prices, foreign exchange movement, and higher employee expense.
Analysis Scores
Earnings Impact4/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Maruti Suzuki India Ltd - 532500 - Announcement under Regulation 30 (LODR)-Investor Presentation
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MSIL: COS: NSE&BSE: 2026/07_16
31st July 2026
Vice President General Manager
National Stock Exchange of India Limited Department of Corporate Services
“Exchange Plaza”, Bandra – Kurla Complex BSE Limited
Bandra (E) Phiroze Jeejeebhoy Towers
Mumbai – 400 051 Dalal Street, Mumbai – 400 001
Sub: Investor Presentation on the financial results for the quarter ended 30th June 2026
Dear Sir(s),
Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please
find enclosed herewith the investor presentation on financial results for the quarter ended 30th June
2026.
Kindly take the same on record.
Thanking You,
Yours truly,
For Maruti Suzuki India Limited
Sanjeev Grover
Executive Officer & Company Secretary
Maruti Suzuki India Limited
Q1 FY’27 Standalone Financial Results
31st July 2026
Safe Harbour
This presentation might contain forward looking statements which involve a number of risks, uncertainties
and other factors that could cause the actual results to differ materially from those in the forward-looking
statements. The Company undertakes no obligation to update these to reflect the events or circumstances
thereof. Secondly, these statements should be understood in conjunction with the risks the company faces.
Contents
1. Q1 FY’27 w.r.t. Q1 FY’26
Ratio Comparison
2. Q1 FY’27 w.r.t. Q4 FY’26
Ratio Comparison
3. Sales Volume
Note: Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Maruti Suzuki India Limited (MSIL),
amalgamated with MSIL starting December 1, 2025. Since the appointed date as per the Scheme of amalgamation is
April 1, 2025, the financial statements for the relevant periods have been restated for comparison purpose.
1.All figures in the presentation are in INR million except the sales volume and the ratios
2. Due to rounding-off, ratios may beapproximate
Q1 FY’27
w.r.t.
Q1 FY’26
Highlights of Q1 FY’27 w.r.t. Q1 FY’26
*All figures except sales volume are in INR million
Q1 FY’27 Q1 FY’26
Sales Volume 682,724 527,861 29.3%
Net Sales 499,591 366,206 36.4%
Op. EBITDA 43,111 46,206 -6.7%
Op. EBIT 25,311 30,649 -17.4%
PBT 43,413 49,060 -11.5%
PAT 33,521 37,581 -10.8%
Key Financial Ratios (% of Net Sales)
Change
Parameter Q1 FY’27 Q1 FY’26
(bps)
80.5 74.5 600
Material Cost
4.9 5.6 -70
Employee Cost
11.0 12.7 -170
Other Expenses
5.0 5.4 -40
Other Operating Income
8.6 12.6 -400
Op. EBITDA
3.6 4.2 -60
Depreciation
5.1 8.4 -330
Op. EBIT
0.1 0.1 -
Interest Expense
3.7 5.1 -140
Non-Operating Income
8.7 13.4 -470
6.7 10.3 -360
Red color denotes adverse movement.
Green color denotes favorable movement.
Financial Analysis of Q1 FY’27 w.r.t. Q1 FY’26
Key reasons for margin movement
Negative Factors
Adverse commodity prices in the context of West Asia conflict
Adverse foreign exchange movement
Positive Factors
Favourable operating leverage
Cost reduction efforts
Q1 FY’27
w.r.t.
Q4 FY’26
Highlights of Q1 FY’27 w.r.t. Q4 FY’26
*All figures except sales volume are in INR million
Q1 FY’27 Q4 FY’26
Sales Volume 682,724 676,209 1.0%
Net Sales 499,591 500,787 -0.2%
Op. EBITDA 43,111 61,569 -30.0%
Op. EBIT 25,311 44,092 -42.6%
PBT 43,413 48,360 -10.2%
PAT 33,521 35,905 -6.6%
Key Financial Ratios (% of Net Sales)
Parameter Q1 FY’27 Q4 FY’26 Change (bps)
80.5 76.7 380
Material Cost
4.9 4.5 40
Employee Cost
11.0 11.3 -30
Other Expenses
5.0 4.7 30
Other Operating Income
8.6 12.3 -370
Op. EBITDA
3.6 3.5 10
Depreciation
5.1 8.8 -370
Op. EBIT
0.1 0.1 -
Interest Expense
3.7 1.0 270
Non-Operating Income
8.7 9.7 -100
6.7 7.2 -50
Red color denotes adverse movement.
Green color denotes favorable movement.
Financial Analysis of Q1 FY’27 w.r.t. Q4 FY’26
Key reasons for margin movement
Negative Factors
Adverse commodity prices in the context of West Asia conflict
Adverse foreign exchange movement
Unfavourable Fixed Cost Incidence (FCI) on account of inventory depletion
Higher employee expense (Q1 seasonality)
Higher depreciation expense (capacity expansion at Kharkhoda facility)
Positive Factors
Higher operating and non-operating income
Sales Volumes
selaS
latoT
Q1 FY’27
Market
Number YoY Growth % % to Total sales
Domestic 557,988 29.5% 81.7%
Exports 124,736 28.6% 18.3%
Total Sales 682,724 29.3% 100.0%
selaS
citsemoD
Q1 FY’27
Segments
Number YoY Growth % % to Domestic sales
Mini 43,757 124.1% 7.8%
Compact + Mid-size 226,029 26.2% 40.5%
Passenger cars 269,786 35.8% 48.3%
UVs 218,885 35.2% 39.2%
Vans 36,557 10.4% 6.6%
LCV 9,579 12.6% 1.7%
Sales to other OEM 23,181 -19.5% 4.2%
Domestic sales 557,988 29.5% 100.0%
Thank You