Maruti Suzuki Q1 net profit down 11% to ₹3,352 crore on high material cost

Maruti Suzuki. File | Photo Credit: Reuters Maruti Suzuki India Ltd., India’s biggest passenger vehicles company, for the period April-June, FY 2026-27 (Q1), reported a 11% fall in net profit to ₹3352 crore as compared to ₹3758 crore in the year-ago period, as high material prices eat into its margin.During the quarter, the company’s net sales income increased 36% YoY to ₹49959 crore.Material costs had started to increase in the quarter and were seriously aggravated during the war, as a result of which the net profit was impacted, the company said.The company’s total sales volume during the quarter grew by 29.3% YoY. Domestic small car sales grew by 34.1%, SUVs by 44.6%, and exports by 28.6%. Domestic market share of the company increased by 2.3% points to 41.2%. Higher sales were possible because the Company commissioned its second plant in Kharkhoda.“Despite increased sales, the network inventory level at the end of quarter was only about 13 days,” the company said. The Board on Friday (July 31, 2026) also approved 4 Compressed Biogas (CBG) projects in the first phase with a budget of ₹561 crore. “The Board would consider expansion of CBG manufacturing based on the experience of these projects,” the company added. Published - July 31, 2026 06:19 pm IST