Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q3 FY2026 Earnings Presentation

17 slides from Maruti Suzuki India's earnings presentation, Jan 28, 2026

  1. Slide 1: Exchange filing cover letter

    MSIL: COS: NSE&BSE: 2026/01_12 28th January 2026 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 – 400 001 Sub: In

  2. Slide 2: Q3 FY'26 and 9M FY'26 Standalone Financial Results

    Maruti Suzuki India Limited Q3 FY’26 and 9M FY’26 Standalone Financial Results 28th January 2026 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. Q3 FY’26 w.r.t. Q3 FY’25 ➢ Ratio Comparison 2. Q3 FY’26 w.r.t. Q2 FY’26 ➢ Ratio Comparison 3. 9M FY’26 w.r.t. 9M FY’25 ➢ Ratio Comparison 4. Sales Volume Note: Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Maruti Suzuki India Limited (MSIL), amalgamated with MS

  5. Slide 5: Q3 FY'26 w.r.t. Q3 FY'25

    Q3 FY’26 w.r.t. Q3 FY’25 4

  6. Slide 6: Highlights of Q3 FY'26 w.r.t. Q3 FY'25

    Highlights of Q3 FY’26 w.r.t. Q3 FY’25 *All figures except sales volume are in INR million Q3 FY’26 Q3 FY’25 Sales Volume 667,769 566,213 17.9% Net Sales 475,344 368,020 29.2% Op. EBITDA 55,717 50,646 10.0% Op. EBIT 38,374 36,359 5.5% PBT 48,300 46,568 3.7% PAT 37,940 36,593 3.7% The above profit fi

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

    Key Financial Ratios (% of Net Sales) Change Parameter Q3 FY’26 Q3 FY’25 (bps) Material Cost 76.2 74.0 220 Employee Cost 5.7 4.8 90 Other Expenses 11.4 12.7 -130 Other Operating Income 5.0 5.3 -30 Op. EBITDA 11.7# 13.8 -210 Depreciation 3.6 3.9 -30 Interest Expense 0.1 0.1 - Non-Operating Income 2.2

  8. Slide 8: Financial Analysis of Q3 FY'26 w.r.t. Q3 FY'25

    Financial Analysis of Q3 FY’26 w.r.t. Q3 FY’25 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices and unfavourable foreign exchange movement ◼ Adverse impact due to Rare Earth Element (REE) supply issues ◼ One-time provision on account of the New Labour Codes leading to high

  9. Slide 9: Q3 FY'26 w.r.t. Q2 FY'26

    Q3 FY’26 w.r.t. Q2 FY’26 8

  10. Slide 10: Highlights of Q3 FY'26 w.r.t. Q2 FY'26

    Highlights of Q3 FY’26 w.r.t. Q2 FY’26 *All figures except sales volume are in INR million Q3 FY’26 Q2 FY’26 Sales Volume 667,769 550,874 21.2% Net Sales 475,344 401,358 18.4% Op. EBITDA 55,717 50,848 9.6% Op. EBIT 38,374 33,820 13.5% PBT 48,300 42,909 12.6% PAT 37,940 33,028 14.9% The above profit

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

    Key Financial Ratios (% of Net Sales) Parameter Q3 FY’26 Q2 FY’26 Change (bps) Material Cost 76.2 75.7 50 Employee Cost 5.7 5.1 60 Other Expenses 11.4 12.0 -60 Other Operating Income 5.0 5.5 -50 Op. EBITDA 11.7# 12.7 -100 Depreciation 3.6 4.2 -60 Interest Expense 0.1 0.1 - Non-Operating Income 2.2 2

  12. Slide 12: Financial Analysis of Q3 FY'26 w.r.t. Q2 FY'26

    Financial Analysis of Q3 FY’26 w.r.t. Q2 FY’26 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices and adverse impact due to Rare Earth Element (REE) supply issues ◼ Unfavourable Fixed Cost Incidence (FCI) on account of inventory depletion ◼ Price reduction in some models ◼ O

  13. Slide 13: 9M FY'26 w.r.t. 9M FY'25

    9M FY’26 w.r.t. 9M FY’25 12

  14. Slide 14: Highlights of 9M FY'26 w.r.t. 9M FY'25

    Highlights of 9M FY’26 w.r.t. 9M FY’25 *All figures except sales volume are in INR million 9M FY’26 9M FY’25 Sales Volume 1,746,504 1,629,631 7.2% Net Sales 1,242,908 1,062,589 17.0% Op. EBITDA 152,771 152,992 -0.1% Op. EBIT 102,843 111,536 -7.8% PBT 140,269 145,509 -3.6% PAT 108,549 104,403 4.0% Th

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

    Key Financial Ratios (% of Net Sales) Parameter 9M FY’26 9M FY’25 Change (bps) Material Cost 75.5 73.6 190 Employee Cost 5.5 4.9 60 Other Expenses 12.0 12.4 -40 Other Operating Income 5.3 5.4 -10 Op. EBITDA 12.3# 14.4 -210 Depreciation 4.0 3.9 10 Interest Expense 0.1 0.1 - Non-Operating Income 3.1 3

  16. Slide 16: Sales Volumes

    Sales Volumes Q3 FY’26 9M FY’26 Market % to Total % to Total Total Sales Number YoY Growth % Number YoY Growth % sales sales Domestic 564,669 20.9% 84.6% 1,435,945 3.9% 82.2% Exports 103,100 3.9% 15.4% 310,559 25.5% 17.8% Total Sales 667,769 17.9% 100.0% 1,746,504 7.2% 100.0% Q3 FY’26 9M FY’26 Segme

  17. Slide 17: Thank You

    Thank You 16

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