Maruti Suzuki India Limited · NSE:MARUTI
Maruti Suzuki India — Q1 FY2026 Earnings Presentation
14 slides from Maruti Suzuki India's earnings presentation, Jul 31, 2025
Slide 1: Cover letter to stock exchanges on investor presentation
MARUTI ��$SUZUKI MSIL: COS: NSE&BSE: 2025/07_17 31st July 2025 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla Complex BSE Limited Bandra (E), Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 4
Slide 2: Q1 FY'26 Financial Results
Maruti Suzuki India Limited Q1 FY’26 Financial Results 31st July 2025 1
Slide 3: Safe Harbour
Safe Harbour This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 4: Contents
Contents 1. Q1 FY’26 vs. Q1 FY’25 ➢ Ratio Comparison 2. Q1 FY’26 vs. Q4 FY’25 ➢ Ratio Comparison 3. Sales Volumes Note: 1. All figures in the presentation are in INR mn except sales volume and ratios 2. Due to rounding-off, ratios may be approximate 3
Slide 5: Q1 FY'26 vs Q1 FY'25
Q1 FY’26 vs. Q1 FY’25 4
Slide 6: Highlights of Q1 FY'26 w.r.t. Q1 FY'25
Highlights of Q1 FY’26 W.R.T. Q1 FY’25 *All figures except sales volume are in INR million Q1 FY’26 Q1 FY’25 Sales Volume 527,861 521,868 1.1% Net Sales 366,247 338,753 8.1% Op. EBIT 30,578 37,713 -18.9% PBT 48,342 46,891 3.1% PAT 37,117 36,499 1.7% 5
Slide 7: Key Financial Ratios (% of Net Sales) Q1 FY'26 vs Q1 FY'25
Key Financial Ratios (% of Net Sales) Parameter Q1 FY’26 Q1 FY’25 Change (bps) Material Cost 75.5 73.3 220 Employee Cost 4.8 4.6 20 Other Expenses 13.7 13.7 - Depreciation 2.6 2.2 40 Other Operating Income 4.9 4.9 - Op. EBIT 8.3 11.1 -280 Interest Expense 0.1 0.2 -10 Non-Operating Income 5.0 2.9 210
Slide 8: Financial Analysis of Q1 FY'26 vs Q1 FY'25
Financial Analysis of Q1 FY’26 vs. Q1 FY’25 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices ◼ Adverse foreign exchange movement ◼ Higher sales promotion expenses ◼ New plant related expenses (Kharkhoda greenfield plant) Positive Factors ◼ Cost reduction efforts ◼ Higher n
Slide 9: Q1 FY'26 vs Q4 FY'25
Q1 FY’26 vs. Q4 FY’25 8
Slide 10: Highlights of Q1 FY'26 w.r.t. Q4 FY'25
Highlights of Q1 FY’26 W.R.T. Q4 FY’25 *All figures except sales volume are in INR million Q1 FY’26 Q4 FY’25 Sales Volume 527,861 604,635 -12.7% Net Sales 366,247 388,488 -5.7% Op. EBIT 30,578 33,923 -9.9% PBT 48,342 47,917 0.9% PAT 37,117 37,111 - 9
Slide 11: Key Financial Ratios (% of Net Sales) Q1 FY'26 vs Q4 FY'25
Key Financial Ratios (% of Net Sales) Parameter Q1 FY’26 Q4 FY’25 Change (bps) Material Cost 75.5 75.1 40 Employee Cost 4.8 4.0 80 Other Expenses 13.7 14.6 -90 Depreciation 2.6 2.2 40 Other Operating Income 4.9 4.7 20 Op. EBIT 8.3 8.7 -40 Interest Expense 0.1 0.1 - Non-Operating Income 5.0 3.7 130 P
Slide 12: Financial Analysis of Q1 FY'26 vs Q4 FY'25
Financial Analysis of Q1 FY’26 vs. Q4 FY’25 Key reasons for margin movement Positive Factors ◼ Lower manufacturing and administrative expenses ◼ Lower advertisement expenses ◼ Higher non-operating income Negative Factors ◼ Unfavorable operating leverage ◼ Adverse commodity prices and foreign exchang
Slide 13: Sales Volumes
Sales Volumes Q1 FY’26 Market Total Sales Number Growth % % to Total sales Domestic 430,889 -4.5% 81.6% Exports 96,972 37.4% 18.4% Total Sales 527,861 1.1% 100% Q1 FY’26 Segments Number Growth % % to Domestic sales Mini 19,522 -36.6% 4.5% Compact 177,270 -6.3% 41.1% Domestic Sales Mini + Compact 196
Slide 14: Thank You
Thank You 13
Maruti Suzuki India — Q1 FY2026 Earnings Presentation on 6ix