Maruti Suzuki Q1 profit slips 10.8% as commodity costs compress margins

Standalone net profit fell to Rs 3,352 crore despite 35.9% revenue growth and record sales volume. EBITDA margin narrowed to 8.2% from 12%, while Maruti approved Rs 561 crore for four initial compressed-biogas projects.

— Filed Fri, 31 Jul, 2026, 23:24 IST · Source Financial Express · BrandWagon · Updated

Maruti Suzuki’s Q1 profit fell 10.8% as higher commodity costs cut EBITDA margin to 8.2%, despite record sales, SUV growth and improved market share. The carmaker also approved Rs 561 crore for four initial compressed-biogas projects.

Why this matters

The result extends Maruti Suzuki's recent pattern of profit declines despite roughly 36% revenue growth: earlier signals cited Q1 profit falls of 9% and 11% as material costs rose, alongside a Rs 561 crore CBG investment.

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