Maruti Suzuki India Limited — PPTs, 28-01-2026: Investor Presentation

Maruti Suzuki (MSIL) delivered a robust Q3 FY26, with Net Sales jumping 29.2% YoY to ₹4,753 Cr. Sales volumes rose 17.9% YoY to 667,769 units, driven by strong domestic demand (+20.9%) and export growth (+3.9%). UV and Compact segments led domestic sales. For 9M FY26, Net Sales grew 17% YoY to ₹12,429 Cr, with volumes up 7.2%.

A significant development saw Suzuki Motor Gujarat (SMG) amalgamate with MSIL, effective from Dec 1, 2025 (restated from April 1, 2025), a strategic move for operational synergy.

Despite strong top-line growth, Q3 PAT increased a modest 3.7% YoY to ₹379 Cr. This was primarily due to a one-time provision of ₹594 Cr for new Labour Codes, alongside adverse commodity prices, unfavorable forex, and Rare Earth Element supply issues impacting margins. Favorable operating leverage and lower sales promotion expenses provided some offset. The company continues to navigate external cost pressures while benefiting from market demand and internal efficiencies.