Maruti Suzuki posts record FY26 sales and exports but profit stays flat on rising costs

Net sales rose 20% to Rs 1.74 lakh crore and exports jumped 34.6% to 447,774 units, yet net profit edged up just 1% to Rs 14,445 crore as material costs hit 75.9% of net sales. Q4 profit fell 6.9%. A GST cut revived small-car demand, prompting 500,000 units of incremental capacity and a record Rs 140 dividend.

— Filed Wed, 29 Apr, 2026, 00:31 IST · Source Forbes India · Updated

Maruti Suzuki posted record FY26 sales, revenue and exports but flat profit on rising material costs. GST cut revived small-car demand; plans 500,000 incremental capacity and record Rs 140 dividend.

Why this matters

Strong sales and exports build on Maruti's small-car push, seen in budget models like the Celerio, Alto and S-Presso, plus product upgrades such as the Brezza facelift, even as margins stay pressured.

retail-company theme steady with 4,079 signals over the past 90 days.