Q4 2026 Maruti Suzuki India Ltd Earnings Call Transcript
Key Points
- Maruti Suzuki India Ltd (BOM:532500) achieved its highest ever annual sales of 2.42 million vehicles, including a record export of 447,000 vehicles.
- The company recorded its highest ever quarterly sales of 676,209 units, marking an 11.8% increase from the previous year's Q4.
- The launch of the Victoris model significantly boosted sales in the mid-SUV segment and received the Indian Car of the Year Award.
- Maruti Suzuki's first battery electric vehicle, the e Vitara, has been well-received, indicating strong initial demand for electric vehicles.
- The company is expanding its production capacity with new plants in Haryana and Gujarat, adding 500,000 units annually, reflecting confidence in future growth.
- Net profit declined by 6.9% year on year in Q4, primarily due to mark-to-market impacts from hardening bond yields.
- The company faces ongoing cost pressures from geopolitical tensions affecting commodity prices and supply chains.
- Despite strong demand, production capacity constraints have left around 190,000 customer orders unfulfilled.
- There are concerns about potential cost headwinds in the upcoming quarters due to commodity price fluctuations.
- The company is exposed to interest rate changes, impacting its financial performance due to macroeconomic conditions.
Welcome to the Maruti Suzuki India Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Pranav. Thank you and over to you, sir.
||
Thank you, Darwin. Ladies and gentlemen, good afternoon once again. Welcome you all to Q4 FY26 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 CFO, 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 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.
Please note that in case of any
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
