India’s largest passenger vehicle maker, Maruti Suzuki India Ltd, reported a muted set of earnings for the quarter ended June 30, 2026, as higher input costs and operating expenses weighed on profitability despite healthy revenue growth.
The company reported a consolidated profit after tax (PAT) of ₹3,446.9 crore, down 9.1% year-on-year (YoY) from ₹3,792.4 crore and 5.8% sequentially from ₹3,659 crore in the March quarter.
Revenue from operations rose 35.9% YoY to ₹52,469 crore from ₹38,605 crore, while remaining largely flat on a sequential basis compared with ₹52,462.5 crore in the previous quarter.
EBITDA declined to ₹4,653 crore, while the EBITDA margin contracted to 8.9% from 11.6% in the year-ago quarter, reflecting pressure on operating profitability.
The earnings come just a week after Maruti Suzuki announced a price hike of up to ₹30,000 across its vehicle portfolio, effective August 2026.
The company had said persistent inflationary pressures and an adverse cost environment had eroded the benefits of its cost-saving initiatives, prompting it to pass on a part of the higher input costs to customers.
The June-quarter results reflect the impact of these cost pressures, with total expenses rising faster than revenue and weighing on margins.
