Hyundai Motor India (HYUNDAI) Q4 25/26 earnings summary

Executive summary

• Celebrated 30 years of operations, emphasizing resilience, adaptability, and customer trust, with highest-ever rural penetration and record CNG contribution; new product launches and strong SUV leadership drove growth.

• Achieved highest-ever quarterly domestic sales in Q4 FY26, with 8.5% YoY growth and 21% YoY volume growth in rural and CNG segments.

• Launched new models, expanded manufacturing capacity, and unlocked additional capacity at Pune plant, positioning for future growth.

• Focused on rural penetration and network expansion, with rural outlets now at a historic high.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved with an unmodified audit opinion.

Financial highlights

• Q4 FY26 revenue: INR 189,162 million, up 5.4% YoY; full-year revenue: INR 707,633 million, up 2.3% YoY; EBITDA margin at 10.4%, EBIT margin at 7.3%, PAT margin at 6.5%.

• Q4 EBITDA: INR 19,660 million (margin 10.4%), down from 14.1% YoY; full-year EBITDA: INR 85,985 million (margin 12.2%).

• Q4 PAT: INR 12,556 million, down 22.2% YoY; full-year PAT: INR 54,315 million, down 3.7% YoY.

• Dividend of INR 21/share recommended, payout ratio 31.4%.

• Consolidated EPS for FY26 at INR 66.85; ROCE declined to 32.6%.

Outlook and guidance

• FY27 domestic and export volume growth guidance: 8%-10%; margin guidance maintained at 11%-14% despite commodity and geopolitical headwinds.

• Two new nameplates (one EV, one ICE SUV) to launch in FY27, expected to drive substantial volume.

• CapEx of INR 7,500 crore (~INR 75,000 million) planned for FY27, mainly for new products and plant upgrades.

• Board recommended a final dividend, indicating confidence in ongoing cash flows and profitability.