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Maruti Suzuki India (MARUTI) investor relations material
Maruti Suzuki India Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Oct, 2025
Executive summary
Achieved significant milestones with the launch of the e VITARA BEV for over 100 countries and Suzuki's first lithium-ion battery cell manufacturing in India.
Launched the Victoris SUV, which received over 30,000 bookings and a five-star safety rating, strengthening the product portfolio.
Celebrated 10 years of NEXA and expanded the service network to over 5,640 touchpoints across 2,818 cities.
Standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025, were approved by the board and reviewed by auditors with unmodified opinions.
The company is primarily engaged in the automobile sector, with ancillary activities in pre-owned car sales, fleet management, and car financing.
Financial highlights
Q2 FY26 standalone net sales reached ₹401,359 million, with consolidated revenue at ₹423,442 million; net profit was ₹32,931 million standalone and ₹33,490 million consolidated.
H1 FY26 standalone net sales hit ₹767,606 million, with net profit at ₹70,048 million.
Standalone EPS for Q2 FY26 was ₹104.74, down from ₹118.06 in Q2 FY25; consolidated EPS was ₹106.52, down from ₹120.62 year-over-year.
Total comprehensive income for H1 FY26 was ₹76,104 million standalone and ₹77,484 million consolidated.
Q2 sales volume was 550,874 units, with H1 sales volume at 1,078,735 units.
Outlook and guidance
Expecting continued buoyancy in retail sales due to GST reduction, with festive season sales showing strong momentum.
Projecting industry-wide sustainable growth of 6% year-over-year, with small cars expected to grow at 10% in H2.
Confident of exceeding export guidance of 400,000 units for the fiscal year.
The company awaits the final judgment on the Scheme of Amalgamation with Suzuki Motor Gujarat Private Limited, which could impact future structure and results.
The impact of new Environment Protection (End-of-Life Vehicles) Rules, 2025, is yet to be determined due to lack of an operational framework.
EPR obligations: What's the financial impact?
Amalgamation scheme: What's the next step?
Investing cash flow: What's driving the spend?
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Next Maruti Suzuki India earnings date
Q3 25/2628 Jan, 2026
Next Maruti Suzuki India earnings date
Q3 25/2628 Jan, 2026
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Frequently asked questions
Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, parts, and allied products. Maruti Suzuki India Limited has three segments: Manufacturing; Sales & Marketing; and Other Operations. The Manufacturing segment comprises of vehicle manufacturing operations and related support functions. The Sales & Marketing segment involves in marketing of vehicles along with various components and spares. The Other Operations comprises of information technology outsourcing services operations related to total engineering cost management services for vehicle development, business process management for dealers in the India region, customer support for the Australia region, supply chain management services for car components in Poland and Ethiopia markets, automotive glass procurement operations; research and development services for power train systems and R&D activities related to collaborative projects. Maruti Suzuki India Limited is based in New Delhi, India.
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