India’s Largest Carmaker Reports 28.9 Per Cent Growth in Q4 Revenue; Board Recommends Rs 140 Dividend

DSIJ Intelligence/ 29 Apr 2026 /Categories: Mindshare, Quarterly Results, Trending

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India’s Largest Carmaker Reports 28.9 Per Cent Growth in Q4 Revenue; Board Recommends Rs 140 Dividend

Maruti Suzuki Posts 11.8 Per Cent Growth in Quarterly Sales Volume with Exports Surging 61.3 Per Cent YoY

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Indian equity markets traded on a strong note on Wednesday, with the Nifty 50 index rising by 1.17 per cent to 24,275.45 during the session. Amid broad-based buying in frontline auto counters, stock-specific momentum was visible in passenger vehicle manufacturers. In this segment, Maruti Suzuki's share price jumps 4.48 per cent to Rs 13,469 after the company announced its audited Q4FY26 and full-year FY26 financial results, along with a final Dividend recommendation.

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Maruti Suzuki Q4FY26 Results

Maruti Suzuki reported net sales of Rs 50,078.7 crore in Q4FY26 as against Rs 38,839.1 crore in Q4FY25, registering a growth of 28.9 per cent YoY.

Operating EBITDA stood at Rs 6,156.9 crore compared to Rs 4,842.7 crore in the corresponding quarter last year, reflecting a growth of 27.1 per cent YoY. EBITDA margin stood at 12.3 per cent. Profit before Tax came in at Rs 4,836 crore as against Rs 4,861.8 crore in Q4FY25.

Profit after tax stood at Rs 3,590.5 crore in Q4FY26 compared to Rs 3,857.3 crore reported in the corresponding quarter last year, marking a decline of 6.9 per cent YoY.

Maruti Suzuki FY26 Annual Performance

For the financial year ended March 31, 2026, net sales stood at Rs 1,74,369.5 crore as against Rs 1,45,025.1 crore reported in FY25, registering a growth of 20.2 per cent YoY.

Operating EBITDA increased 6.5 per cent YoY, while EBITDA margin declined to 12.3 per cent from 13.9 per cent in FY25. Profit before tax declined 2.8 per cent YoY during FY26.

Profit after tax for FY26 came in at Rs 14,445.4 crore compared to Rs 14,297.6 crore in FY25, registering a growth of 1 per cent YoY.

Sales Volume and Export Performance

Maruti Suzuki sold 6,76,209 units during Q4FY26 as against 6,04,635 units in Q4FY25, reflecting a growth of 11.8 per cent YoY. Domestic sales stood at 5,38,994 units, up 3.7 per cent YoY, while exports surged 61.3 per cent to 1,37,215 units. For the full year FY26, total vehicle sales rose 8.4 per cent YoY to 24,22,713 units.

Board Recommends Final Dividend

The Board of Directors has recommended a final dividend of Rs 140 per equity share for the financial year ended March 31, 2026, subject to shareholders’ approval at the ensuing Annual General Meeting.

About Maruti Suzuki India Ltd

Maruti Suzuki India Ltd is India’s largest passenger vehicle manufacturer and the market leader in the domestic automobile industry. The company manufactures and sells a diversified range of passenger cars, utility vehicles, vans and light commercial vehicles, while also maintaining a growing export presence across multiple global markets.