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Earnings Call

Maruti Suzuki India Earnings Call: Key Takeaways

Maruti delivered record annual sales of 2.13 million units but faced Q4 PAT pressure from mark-to-market losses on investments despite robust EBITDA expansion.

Highlights
Revenue growthFY26 revenue surged 20.2% YoY to over ₹1.74 trillion.
MarginsEBITDA expanded to 8.8%, but MTM losses hit net profit.
Order bookSolid backlog of 190,000 cars, including 130,000 small car orders.
Demand visibilityStrong, with 190,000 pending orders and post-GST affordability gains.
Management confidenceOptimistic, backed by massive capacity expansion and record sales milestones.

Growth

FY26 revenue grew 20.2% YoY, supported by a 16.7% market rebound post-GST reform and record exports of 447,000 units.

Outlook

Management targets 10% volume growth in FY27, adding 500,000 units of annual capacity via new facilities.

Risks

West Asia geopolitical tensions and rare earth metal supply issues pose logistics and input cost threats to margins.

Source

Earnings Call filed with BSE, NSE: MARUTI. Summary written with AI assistance from the document.

Read the document ↗

Maruti Suzuki India Ltd: key numbers

Share price
₹12,065.00
Market cap
₹3,79,327 Cr
Revenue (annual)
₹1,83,316 Cr
Net profit (annual)
₹14,680 Cr
P/E (TTM)
26.5×Sector 33.6×
Promoter holding
58.65%+0.12% QoQ
FII holding
12.82%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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