Maruti Suzuki India Limited · NSE:MARUTI
Maruti Suzuki India — Q1 FY2027 Earnings Presentation
14 slides from Maruti Suzuki India's earnings presentation, Jul 31, 2026
Slide 1: Exchange filing cover letter for investor presentation
MSIL: COS: NSE&BSE: 2026/07_16 31st July 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: Invest
Slide 2: Q1 FY'27 Standalone Financial Results
Maruti Suzuki India Limited Q1 FY’27 Standalone Financial Results 31st July 2026 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’27 w.r.t. Q1 FY’26 ➢ Ratio Comparison 2. Q1 FY’27 w.r.t. Q4 FY’26 ➢ Ratio Comparison 3. Sales Volume Note: Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Maruti Suzuki India Limited (MSIL), amalgamated with MSIL starting December 1, 2025. Since the appoint
Slide 5: Q1 FY'27 w.r.t. Q1 FY'26
Q1 FY’27 w.r.t. Q1 FY’26 4
Slide 6: Highlights of Q1 FY'27 w.r.t. Q1 FY'26
Highlights of Q1 FY’27 w.r.t. Q1 FY’26 *All figures except sales volume are in INR million Q1 FY’27 Q1 FY’26 Sales Volume 682,724 527,861 29.3% Net Sales 499,591 366,206 36.4% Op. EBITDA 43,111 46,206 -6.7% Op. EBIT 25,311 30,649 -17.4% PBT 43,413 49,060 -11.5% PAT 33,521 37,581 -10.8% 5
Slide 7: Key Financial Ratios (% of Net Sales)
Key Financial Ratios (% of Net Sales) Change Parameter Q1 FY’27 Q1 FY’26 (bps) Material Cost 80.5 74.5 600 Employee Cost 4.9 5.6 -70 Other Expenses 11.0 12.7 -170 Other Operating Income 5.0 5.4 -40 Op. EBITDA 8.6 12.6 -400 Depreciation 3.6 4.2 -60 Op. EBIT 5.1 8.4 -330 Interest Expense 0.1 0.1 - Non
Slide 8: Financial Analysis of Q1 FY'27 w.r.t. Q1 FY'26
Financial Analysis of Q1 FY’27 w.r.t. Q1 FY’26 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices in the context of West Asia conflict ◼ Adverse foreign exchange movement Positive Factors ◼ Favourable operating leverage ◼ Cost reduction efforts 7
Slide 9: Q1 FY'27 w.r.t. Q4 FY'26
Q1 FY’27 w.r.t. Q4 FY’26 8
Slide 10: Highlights of Q1 FY'27 w.r.t. Q4 FY'26
Highlights of Q1 FY’27 w.r.t. Q4 FY’26 *All figures except sales volume are in INR million Q1 FY’27 Q4 FY’26 Sales Volume 682,724 676,209 1.0% Net Sales 499,591 500,787 -0.2% Op. EBITDA 43,111 61,569 -30.0% Op. EBIT 25,311 44,092 -42.6% PBT 43,413 48,360 -10.2% PAT 33,521 35,905 -6.6% 9
Slide 11: Key Financial Ratios (% of Net Sales)
Key Financial Ratios (% of Net Sales) Parameter Q1 FY’27 Q4 FY’26 Change (bps) Material Cost 80.5 76.7 380 Employee Cost 4.9 4.5 40 Other Expenses 11.0 11.3 -30 Other Operating Income 5.0 4.7 30 Op. EBITDA 8.6 12.3 -370 Depreciation 3.6 3.5 10 Op. EBIT 5.1 8.8 -370 Interest Expense 0.1 0.1 - Non-Ope
Slide 12: Financial Analysis of Q1 FY'27 w.r.t. Q4 FY'26
Financial Analysis of Q1 FY’27 w.r.t. Q4 FY’26 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices in the context of West Asia conflict ◼ Adverse foreign exchange movement ◼ Unfavourable Fixed Cost Incidence (FCI) on account of inventory depletion ◼ Higher employee expense (Q
Slide 13: Sales Volumes: Domestic and Exports
Sales Volumes Q1 FY’27 Market Total Sales Number YoY Growth % % to Total sales Domestic 557,988 29.5% 81.7% Exports 124,736 28.6% 18.3% Total Sales 682,724 29.3% 100.0% Q1 FY’27 Segments Number YoY Growth % % to Domestic sales Mini 43,757 124.1% 7.8% Domestic Sales Compact + Mid-size 226,029 26.2% 4
Slide 14: Thank You
Thank You 13
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