Maruti Suzuki India reported its highest-ever annual sales volume, net sales and net profit for the year ended 31 March 2026, with total sales of 2,422,713 units.
The carmaker posted net sales of Rs1.74tn ($18.34bn) in FY2025-26, up 20.2% from the previous year.
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Net profit stood at Rs144.45bn, compared with Rs142.97bn in FY2024-25.
Domestic sales came in at 1,974,939 units, while exports increased to 447,774 units from 332,585 units a year earlier.
The company said stronger domestic demand in the second half of the year was supported in part by a cut in goods and services tax (GST), although output constraints limited sales.
In the January-March 2026 quarter, Maruti Suzuki recorded its highest quarterly sales so far at 676,209 units, an increase of 11.8% year on year.
Domestic sales for the quarter were 538,994 units, while exports reached a record 137,215 units.
Quarterly net sales rose to Rs500.78bn, compared with Rs388.39bn in the same period of FY2024-25, marking the first time the company’s quarterly revenue has exceeded Rs500bn.
Operating profit (EBIT) in the quarter climbed 30.4% year on year to a record Rs44.09bn.
However, quarterly net profit fell 6.9% from a year earlier to Rs35.90bn, which the company said was mainly due to a mark-to-market (MTM) impact.
MTM is an accounting method where the value of an asset or liability is adjusted to reflect its current market value at the end of a reporting period, rather than its original purchase price.
During the year, the company’s first battery electric vehicle, the e VITARA, produced in India, was shipped to 44 countries.
The board has recommended a dividend of Rs140 per share for FY2025-26 on a face value of Rs5 per share, up from Rs135 per share in the previous year.
Separately, Suzuki Motor said last month that it had set the construction timeline for its second plant in Gujarat.
The announcement followed the completion in January of a Rs50bn land purchase in Sanand by Maruti Suzuki India Limited.
