Maruti Suzuki Q1 FY26 Results Preview: India’s largest carmaker likely to take 260 bps margin hit; here is what investors can expect

Maruti Suzuki Q1 FY26 Results Preview: Maruti Suzuki India, the country’s largest carmaker, is set to report its financial results for the April-June period on Thursday, July 31. Analysts expect the auto giant–whose popular models include Brezza, Grand Vitara, Swift and XL6–to stage a largely weak financial performance owing to lacklustre growth in sales volumes. 

Here’s a lowdown on what you can expect in the auto giant’s Q1 earnings report: 

Maruti Suzuki Q1 Earnings Preview | Top and bottom lines

According to Zee Business, Maruti Suzuki India is estimated to register an adjusted net profit of Rs 3,242 crore for the quarter ended June 30, translating to a decline of 10.5 per cent from the corresponding period a year ago.

Its revenue is estimated to grow 2.9 per cent on a year-on-year basis to Rs 36,551 crore, according to the research.

Maruti Suzuki operational performance expectation 

Maruti Suzuki is estimated to see Rs 3,866 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the April-June period, as against Rs 35,531 crore for the year-ago period. 

Its EBITDA margin–a key measure of profitability–is pegged at 10.1 per cent, a 260 basis-point decline from the year-ago period.

The analysts expect the auto major to register growth of about one per cent in sales volumes owing to price hikes. They anticipate factors such as negative operating leverage, currency impact, and wage revisions to hurt the margin, though reversal of lumpy costs and lower advertisement costs are set to aid profitability.

Maruti Suzuki shares

The Maruti Suzuki stock gained as much as 1.3 per cent to Rs 12,635 apiece on BSE on Wednesday. 

At 1 pm, it was seen trading about one per cent stronger for the day at Rs 12,590 apiece. 

Maruti Suzuki vs Nifty 50 vs Nifty Auto 

At this level, the Maruti Suzuki scrip has risen 12.3 per cent in 2025 so far, outperforming gains of 4.7 per cent and 2.3 per cent in the Nifty50 and Nifty Auto indices, respectively.