Maruti Suzuki India Ltd (BOM:532500)
₹ 13,448.4 +52.35 (+0.39%) Market Cap: 4.23 Tn Enterprise Value: 4.05 Tn PE Ratio: 28.79 PB Ratio: 3.96 GF Score: 93/100

Q4 2025 Maruti Suzuki India Ltd Earnings Call Transcript

Apr 25, 2025 / 12:30PM GMT
Release Date Price: ₹11685.9 (-1.81%)

Key Points

Positve
  • Maruti Suzuki India Ltd (BOM:532500) achieved a historic production milestone of 2 million units in financial year '25, becoming the only passenger vehicle manufacturer in India to reach this landmark.
  • The company recorded its highest-ever annual sales of 2.23 million vehicles, including the highest-ever export of 3.32 lakh vehicles, maintaining its position as the top exporter of passenger vehicles in India for the fourth consecutive year.
  • Maruti Suzuki India Ltd (BOM:532500) launched two new models, the fourth-generation Swift and the all-new dazzling Dzire, which received an overwhelming customer response.
  • The company accelerated its captive solar power generation capacity to 78.2 megawatts peak capacity in financial year '25, achieving this target one year ahead of plan.
  • The company registered the highest-ever net sales of about INR1,451 billion in the financial year, a growth of 7.5% over the previous year, and achieved a highest-ever net profit of INR139.5 billion.
Negative
  • The growth rate of the PV industry moderated sharply from 8.4% in financial year '24 to 2.5% in financial year '25, affecting the growth of entry segment cars.
  • The operating profit margin EBIT decreased to 8.7% of net sales in quarter four, compared to 10% in the third quarter of financial year '25, due to several adverse expenses.
  • The share of hatchback segment continued to shrink, reducing to 23.5% in financial year '25 from a high of 46% in financial year '19.
  • The company faced adverse expenses due to the commercial production of a new plant, commodity prices, and increased advertisement expenses, impacting margins.
  • The domestic market demand is not growing significantly, with entry-level cars not participating in the growth story, posing a challenge for future growth.
Operator

Ladies and gentlemen, good day and welcome to Maruti Suzuki Q4 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Pranav from Maruti Suzuki. Thank you and over to you.

Pranav Ambaprasad
Maruti Suzuki India Ltd. - Assistant General Manager-Investor Relations

Thank you, Shishri. Ladies and gentlemen, good afternoon once again. I welcome you all to Q4 '25 earnings call. May I introduce you to the management team from Maruti Suzuki? Today, we have with us our Chief Investor Relations Officer, Mr. Rahul Bharti; and Chief Financial Officer, Mr. Arnab Roy.

Before we begin, may I remind you of the Safe Harbor? We may be making some forward-looking statements that have to be understood in conjunction with the uncertainty and the risks that the company faces.

I'd also like to inform you that the call is being recorded and the audio recording and the transcript will be available at our website. May you please note that in case of any inadvertent

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