Q2 2026 Maruti Suzuki India Ltd Earnings Call Transcript

Oct 31, 2025 / 12:30 PM GMT

Release Date Price: ₹16191.9 (-0.08%)

Transcript

Key Points

Positve

Maruti Suzuki India Ltd (BOM:532500) reported a robust 42.2% growth in export volumes, showcasing strong international demand.
The company achieved significant milestones with the launch of its first battery electric vehicle, the Evitara, and the start of lithium-ion battery manufacturing in India.
The Victorious model generated remarkable market excitement, garnering over 30,000 bookings in a short span of time.
Maruti Suzuki India Ltd (BOM:532500) maintained a strong market presence, commanding nearly 45.4% of India's total passenger vehicle exports.
The company reported a sequential increase in operating profit margin to 8.5% of net sales, up from 8.3% in the previous quarter.

Negative

Domestic sales volume declined by 5.1% due to anticipated price reductions related to GST, impacting overall sales temporarily.
Higher sales promotion expenses and limited-time price corrections negatively affected margins by about 95 basis points.
The company faced adverse impacts from foreign exchange and commodity prices, particularly PGM and JPY, affecting profitability.
There is uncertainty regarding the sustainability of the small car segment's recent growth, which may have been influenced by deferred sales.
The company is facing challenges in regaining a 50% market share, with current levels at around 40-41%.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MRTI.NS - Maruti Suzuki India Ltd
Q2 2026 Maruti Suzuki India Ltd Earnings Call
Oct 31, 2025 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to Maruti Suzuki India Limited Q2F526 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then 0 on a touchtone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Pranav Amber Prasad.

Thank you and over to you, sir.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.