Maruti Suzuki FY26 Results: Revenue INR 1,832.661 million, profit up 0.8%
RESULTS
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 29 Apr 2026, 04:19 PM IST · BSE ID: 5b52a19c-debf-4bc0-9cd2-55febccfca19
View Original BSE Filing (PDF)
💡
In Simple Terms
Maruti Suzuki's sales grew 19.9% to INR 1,832.661 million, but profit barely grew 0.8%, and the company paid INR 140 per share dividend.
🤖 AI Summary
- FY26 revenue INR 1,832.661 million, up 19.9% YoY; net profit INR 144.154 million, up 0.8%
- Dividend announced at INR 140 per share for fiscal year 2026
- Profit growth significantly lags revenue growth, signalling material margin compression
- Published results filing under Reg 47 SEBI LODR 2015, submitted 29 April 2026
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue FY26
INR 1,832.661 million
19.9%
Net Profit FY26
INR 144.154 million
0.8%
Dividend per share
INR 140
🏢 How This Affects the Company
Revenue growth of 19.9% to INR 1,832.661 million demonstrates sustained automotive demand. However, profit growth of only 0.8% reflects intense cost pressures, supply chain inflation, or competitive pricing challenges impacting operating leverage.
Net profit of INR 144.154 million with 0.8% growth indicates material operating margin erosion despite top-line expansion. Dividend of INR 140 per share was maintained, suggesting cash generation remained adequate despite margin compression.
Widening gap between revenue growth (19.9%) and profit growth (0.8%) signals operational inefficiency, rising input costs, or pricing pressure that management has not yet offset through cost reduction or volume leverage.
👥 What This Means For Shareholders
✅
Action Required
Record dividend entitlement before ex-date announcement. Monitor Q1 FY27 results for evidence of margin stabilization.
👤
Who Is Affected
All equity shareholders holding shares on dividend record date receive INR 140 per share. Shareholders in growth-focused portfolios face earnings-per-share accretion risk if margin trend persists.
🔍
Management Signal
Dividend maintenance despite margin compression suggests confidence in cash generation. Absence of cost-reduction or restructuring announcements indicates management views pressure as temporary, not structural.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — verify if margin compression reverses or widens further
Management guidance on cost reduction initiatives and pricing strategy outlook
Input cost trends and supply chain normalization impact on operating leverage
MEDIUM RISK
Profit growth significantly lags revenue expansion. Structural margin compression unaddressed by announced cost controls raises earnings sustainability concerns.
💡 Investor Takeaway
FY26 revenue grew 19.9% to INR 1,832.661 million, but net profit crawled 0.8% to INR 144.154 million. Dividend of INR 140 per share maintained. Profit-to-revenue gap signals persistent margin pressure not yet addressed operationally.
⚖️ Strengths & Concerns
✅ Positives
- Revenue expanded 19.9% to INR 1,832.661 million YoY, demonstrating strong market demand and sales execution
- Maintained dividend distribution at INR 140 per share despite margin pressures, confirming cash flow generation
⚠️ Concerns
- Net profit grew only 0.8% to INR 144.154 million versus 19.9% revenue growth, indicating severe margin compression
- Operating leverage absent: significant revenue growth failed to translate to proportional bottom-line profit growth
📅 Company Track Record
FY26 marked Maruti's continued scale expansion: INR 1,832.661 million revenue is highest on record for the company. However, profit growth rate of 0.8% is materially below historical average, indicating cost inflation or competitive intensity shift not seen in prior years.
Based on publicly available historical data. For context only.