Maruti Suzuki Q1 FY26-27: Sales up 36%, PAT dips on war-driven material costs
MARUTI · price
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Total sales volume grew 29.3% YoY in Q1 FY26-27: small cars up 34.1%, SUVs up 44.6%, exports up 28.6%. Domestic market share rose to 41.2% (up 2.3 percentage points) after Kharkhoda plant commissioning. Net Sales jumped 36% to INR 499,591 million from INR 366,206 million. Net Profit, however, fell to INR 33,521 million from INR 37,581 million as war-driven material cost increases squeezed margins. Board approved 4 CBG projects worth INR 5,610 million. Financials restated after SMG subsidiary amalgamation.
Strong top-line growth but margin pressure from war-driven material costs. PAT declined despite 36% revenue growth. New CBG capacity adds long-term optionality.