New Delhi, April 28: Maruti Suzuki India Limited reported record financial and operational performance for FY26, driven by strong domestic demand and export growth, even as capacity constraints limited full potential.
For the full year, the company posted its highest-ever total sales of 24.22 lakh units, up from 22.34 lakh units in FY25. Domestic sales stood at 19.74 lakh units, while exports rose sharply to 4.47 lakh units, making the company India’s top passenger vehicle exporter for the fifth consecutive year, accounting for 49% of total exports.
Net sales for FY26 grew 20.2% year-on-year to ₹1.74 lakh crore, while net profit reached a record ₹14,445 crore, marginally higher than the previous year.
In Q4 FY26, Maruti Suzuki achieved its highest-ever quarterly sales of 6.76 lakh units, with exports hitting a record 1.37 lakh units. Net sales crossed the ₹50,000 crore milestone for the first time in a quarter, rising to ₹50,078 crore from ₹38,839 crore a year earlier.
Operating profit (EBIT) for the quarter surged 30.4% YoY to ₹4,409 crore, reflecting improved operating leverage. However, net profit declined 6.9% YoY to ₹3,590 crore due to mark-to-market impacts.
The company also announced its highest-ever dividend of ₹140 per share.
Growth in the second half of the year was supported by GST rate reductions, though production constraints led to around 1.9 lakh pending customer orders at the end of FY26, including a significant backlog in the small car segment. Dealer inventory remained tight at approximately 12 days.
Maruti Suzuki also expanded its global footprint, exporting its first battery electric vehicle, the e-Vitara, to 44 countries, reinforcing its push into the EV segment.
Overall, the performance highlights strong demand momentum, export leadership, and improving margins, while underscoring the need for capacity expansion to sustain growth.
