New Delhi, Jul 31 (PTI) The country’s largest carmaker Maruti Suzuki India (MSI) on Friday reported a 9.11 per cent decline in its consolidated net profit at Rs 3,446.9 crore in the first quarter ended June 2026, hit by high material costs, despite posting record quarterly vehicle sales.
The auto major, which had posted a net profit of Rs 3,792.4 crore in the same quarter of the previous fiscal, said its board also approved four CBG (compressed biogas) projects in the first phase with a budget of Rs 561 crore. Total revenue from operations was up 35.9 per cent at Rs 52,469.8 crore in the first quarter as against Rs 38,605.2 crore in the same period of 2025-26 fiscal, Maruti Suzuki India said in a regulatory filing.
Total expenses in the quarter under review were higher at Rs 50,000.3 crore as compared to Rs 35,585.4 crore in the year-ago period, the company said. Cost of materials consumed in the first quarter shot up to Rs 32,013.2 crore from Rs 21,936.8 crore in the corresponding period last fiscal, it added. “Material costs had started to increase in the quarter and were seriously aggravated during the war…,” the company said, adding that it had an impact on its bottomline. In the first quarter, Maruti Suzuki said it posted an all-time high quarterly sales volume of 6,82,724 units, up 29.3 per cent from the corresponding period last fiscal. Domestic small car sales grew by 34.1 per cent, SUVs by 44.6 per cent, it said, adding that its domestic market share increased by 2.3 percentage points to 41.2 per cent in the quarter. The company further said its exports in the first quarter also grew by 28.6 per cent. Overall higher sales were possible because the company commissioned its second plant in Kharkhoda, Maruti Suzuki India said, adding that despite increased sales, the network inventory level at the end of the quarter was only about 13 days. The company said its board has approved CBG projects in the first phase with a budget of Rs 5,610 crore. The board would consider expansion of CBG manufacturing based on the experience of these projects, it added. PTI RKL HVAThis report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
