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Maruti Suzuki profit falls 9.1% as costs outpace revenue growth
For the quarter ended June, Maruti Suzuki’s expenses rose 40.5% year over year to ₹50,000 crore, pulling down its EBITDA margin to 8.9% from 11.6%.
Maruti Suzuki India Ltd reported a muted June-quarter, with consolidated profit after tax down 9.1% year over year to ₹3,446 crore, despite revenue growth. According to LiveMint Markets and the underlying Reuters report, revenue from operations rose 35.9% year over year to ₹52,469 crore, largely flat sequentially versus the March quarter.
The company said profitability remained under pressure as input costs and operating expenses increased faster than sales. EBITDA fell to ₹4,313 crore, while the EBITDA margin contracted to 8.9% from 11.6% in the year-ago quarter, as total expenses climbed 40.5% year over year to ₹50,000 crore.
Maruti’s filings highlighted cost increases including raw material costs up 45.9% year over year to ₹32,013 crore. Employee benefits and other expenses also rose, up 20.3% and 17.7% respectively, the company said, reflecting an adverse cost environment.
The earnings also come after Maruti Suzuki announced a price hike of up to ₹30,000 effective August 2026, citing persistent inflationary pressures. Despite margins weakening, total sales volume grew 29.3% year over year in the June quarter, supported by the commissioning of its second manufacturing plant at Kharkhoda, and dealer inventory stayed around 13 days at quarter end.