New Delhi:
Maruti Suzuki India Limited has just dropped the financial clutch on its Q1 results for FY 2025-26, and the ride has been a mixed bag of gears. While the domestic road saw some bumps, Maruti put the pedal to the metal on the export highway.
In a quarter that could be best described as “low beam at home, high beam abroad,” the company managed to steer through a 4.5% dip in domestic sales by turbocharging exports with a hefty 37.4% growth. The final tally? A modest but steady 1.1% year-on-year increase in overall sales volumes, clocking in at 527,861 vehicles. Of these, 430,889 units were sold domestically—while 96,972 went abroad to find new homes (and probably better roads).
Revenue-wise, Maruti revved up to INR 36,624.7 crore in net sales, up from INR 33,875.3 crore in the same quarter last fiscal. That’s an extra INR 2,749.4 crore worth of fuel in the tank, likely driven by better product mix, price realisations, and a global love affair with the humble hatch.
As for profits, the company maintained its grip on the steering wheel. Net profit rose to INR 3,711.7 crore, nudging ahead by 1.7% from the previous year’s INR 3,649.9 crore. Not a wheelie, but definitely no skid either.
Industry experts note that the overall domestic passenger vehicle segment continued to idle in a sluggish demand environment, with consumer sentiments running more like CNG than turbo petrol. But with Maruti’s export engines humming louder than ever, the company seems to be saying, “If India’s not buying, the world still is.”
So while the Indian roads might be a bit slow this quarter, Maruti Suzuki appears to have found the detour—and it’s paved in foreign currency.
