Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q2 FY2026 Earnings Presentation

17 slides from Maruti Suzuki India's earnings presentation, Oct 31, 2025

  1. Slide 1: Exchange cover letter for investor presentation

    MARUTI ��$SUZUKI MSIL: COS: NSE&BSE: 2025/10_09 31st October 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

  2. Slide 2: Q2 FY'26 and H1 FY'26 Financial Results

    Maruti Suzuki India Limited Q2 FY’26 and H1 FY’26 Financial Results 31st October 2025 1

  3. 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

  4. Slide 4: Contents

    Contents 1. Q2 FY’26 w.r.t. Q2 FY’25 ➢ Ratio Comparison 2. Q2 FY’26 w.r.t. Q1 FY’26 ➢ Ratio Comparison 3. H1 FY’26 w.r.t. H1 FY’25 ➢ Ratio Comparison 4. Sales Volume Note: 1. All figures in the presentation are in INR million except the sales volume and the ratios 2. Due to rounding-off, ratios may

  5. Slide 5: Q2 FY'26 w.r.t. Q2 FY'25

    Q2 FY’26 w.r.t. Q2 FY’25 4

  6. Slide 6: Highlights of Q2 FY'26 w.r.t. Q2 FY'25

    Highlights of Q2 FY’26 w.r.t. Q2 FY’25 *All figures except sales volume are in INR million Q2 FY’26 Q2 FY’25 Sales Volume 550,874 541,550 1.7% Net Sales 401,359 355,891 12.8% Op. EBIT 33,949 36,657 -7.4% PBT 42,510 51,005 -16.7% PAT 32,931 30,692 7.3% 5

  7. Slide 7: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Change Parameter Q2 FY’26 Q2 FY’25 (bps) Material Cost 76.5 74.9 160 Employee Cost 4.4 4.1 30 Other Expenses 12.9 13.0 -20 Depreciation 2.6 2.1 50 Other Operating Income 4.9 4.5 40 Op. EBIT 8.5 10.3 -180 Interest Expense 0.1 0.1 - Non-Operating Income 2.3 4.1 -1

  8. Slide 8: Financial Analysis of Q2 FY'26 w.r.t. Q2 FY'25

    Financial Analysis of Q2 FY’26 w.r.t. Q2 FY’25 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices and unfavorable foreign exchange movement ◼ Higher sales promotion expenses and limited time price correction in some models ◼ Higher advertisement expenses ◼ New plant related

  9. Slide 9: Q2 FY'26 w.r.t. Q1 FY'26

    Q2 FY’26 w.r.t. Q1 FY’26 8

  10. Slide 10: Highlights of Q2 FY'26 w.r.t. Q1 FY'26

    Highlights of Q2 FY’26 w.r.t. Q1 FY’26 *All figures except sales volume are in INR million Q2 FY’26 Q1 FY’26 Sales Volume 550,874 527,861 4.4% Net Sales 401,359 366,247 9.6% Op. EBIT 33,949 30,578 11% PBT 42,510 48,342 -12.1% PAT 32,931 37,117 -11.3% 9

  11. Slide 11: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q2 FY’26 Q1 FY’26 Change (bps) Material Cost 76.5 75.5 100 Employee Cost 4.4 4.8 -40 Other Expenses 12.9 13.7 -80 Depreciation 2.6 2.6 - Other Operating Income 4.9 4.9 - Op. EBIT 8.5 8.3 20 Interest Expense 0.1 0.1 - Non-Operating Income 2.3 5.0 -270 P

  12. Slide 12: Financial Analysis of Q2 FY'26 w.r.t. Q1 FY'26

    Financial Analysis of Q2 FY’26 w.r.t. Q1 FY’26 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices and unfavorable foreign exchange movement ◼ Higher sales promotion expenses and limited time price correction in some models ◼ Higher advertisement expenses Positive Factors ◼ F

  13. Slide 13: H1 FY'26 w.r.t. H1 FY'25

    H1 FY’26 w.r.t. H1 FY’25 12

  14. Slide 14: Highlights of H1 FY'26 w.r.t. H1 FY'25

    Highlights of H1 FY’26 w.r.t. H1 FY’25 *All figures except sales volume are in INR million H1 FY’26 H1 FY’25 Sales Volume 1,078,735 1,063,418 1.4% Net Sales 767,606 694,644 10.5% Op. EBIT 64,527 75,102 -14.1% PBT 90,852 97,896 -7.2% PAT 70,048 67,191 4.3% 13

  15. Slide 15: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter H1 FY’26 H1 FY’25 Change (bps) Material Cost 76.0 74.1 190 Employee Cost 4.6 4.4 20 Other Expenses 13.3 13.3 - Depreciation 2.6 2.1 50 Other Operating Income 4.9 4.7 20 Op. EBIT 8.4 10.8 -240 Interest Expense 0.1 0.1 - Non-Operating Income 3.6 3.4 20 P

  16. Slide 16: Sales Volumes: Domestic and Exports

    Sales Volumes Q2 FY’26 H1 FY’26 Market % to Total % to Total Total Sales Number Growth % Number Growth % sales sales Domestic 440,387 -5.1% 79.9% 871,276 -4.8% 80.8% Exports 110,487 42.2% 20.1% 207,459 39.9% 19.2% Total Sales 550,874 1.7% 100% 1,078,735 1.4% 100% Q2 FY’26 H1 FY’26 Segments % to Dome

  17. Slide 17: Thank You

    Thank You 16

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