Hyundai Motor India Q4 Revenue Rises 5%, Profit Falls 22% on Margin Pressure

Hyundai Motor India Ltd reported a 5.4% year-on-year rise in consolidated revenue from operations to ₹18,916.2 crore in the quarter ended March 31, helped by GST-led demand tailwinds, product interventions, higher exports and its highest-ever quarterly domestic sales.

However, consolidated profit after tax declined 22.2% year-on-year to ₹1,255.6 crore from ₹1,614.3 crore in the year-ago quarter, as operating margins moderated. EBITDA, excluding other income, fell 22.4% year-on-year to ₹1,966 crore, while EBITDA margin narrowed to 10.4% from 14.1% in Q4FY25. 

Sequentially, the automaker’s revenue grew 5.2% from ₹17,973.5 crore in Q3FY26. PAT rose 1.7% from ₹1,234.4 crore, even as EBITDA declined 2.6% from ₹2,018.3 crore and margin contracted from 11.2% in the previous quarter. 

“Backed by new product actions and other initiatives, we remain confident of delivering domestic volume growth of 8% to 10% in FY27. Even in an extremely uncertain environment, we are determined to go the extra mile and deliver volume growth of 8% to 10% in exports as well in FY27,” said Tarun Garg, MD & CEO of Hyundai Motor India.

Q4 Sales Performance

The company domestic wholesale volumes grew 8.7% year-on-year in Q4FY26, supported by GST 2.0 tailwinds and agile product interventions. The New Venue, the first product from Hyundai’s Pune plant, continued to be a growth driver and also secured a 5-star Bharat NCAP rating. 

Hyundai also reported record rural penetration of 25% in Q4FY26 and its highest-ever quarterly CNG contribution of 18%, helped by rising adoption and entry into the commercial mobility segment. Aura recorded its all-time high sales volume for both the quarter and the full year. 

Exports grew 9.4% year-on-year in Q4FY26 despite geopolitical headwinds, the company said.

FY26 Revenue Up, PAT Slips

For FY26, Hyundai Motor India’s consolidated revenue from operations rose 2.3% to ₹70,763.3 crore from ₹69,192.9 crore in FY25. EBITDA declined 4% to ₹8,598.5 crore, while EBITDA margin narrowed to 12.2% from 12.9%. Consolidated PAT declined 3.7% to ₹5,431.5 crore from ₹5,640.2 crore. 

The company closed FY26 with export volume growth of 16.4%, reinforcing its position as a hub for emerging markets. The board recommended a dividend of ₹21 per share, subject to shareholder approval. 

Commenting on the performance, Garg said, “FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalizing on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on ‘Quality of Growth’.” 

FY27 Outlook

Hyundai Motor India expects domestic volume growth of 8-10% in FY27, driven by product actions and network expansion. The company also expects export volume growth of 8-10%, led by market diversification and product-led opportunities. 

“Looking ahead to FY27, we have started the year on a strong footing, with April domestic volumes growing 17% YoY. We expect this positive momentum to continue and backed by new product launches in high-demand segments and other strategic initiatives, we expect 8-10% volume growth in domestic market,” Garg said. 

The company also plans to launch two completely new nameplates in FY27, expanding its presence in the SUV category. One model will strengthen Hyundai’s position in the mid-SUV segment, while the other will mark the debut of its localised dedicated EV in the compact SUV space. 

Hyundai has also guided for EBITDA margins in the 11-14% range and has planned capex of about ₹7,500 crore for FY27. Garg said the company will expand the Pune facility by another 70,000 units after Phase-II expansion, taking overall capacity to 1.14 million units by 2030.