Maruti Suzuki Q2 Net Profit Rises 7.3%; Exports Hit Record High

Maruti Suzuki India Limited (MSIL) reported a 7.3% year-on-year rise in its net profit to ₹3,293 crore for the July–September quarter of FY2025–26, compared with ₹3,069 crore in the same period last year. The company’s board approved the quarterly and half-yearly financial results at its meeting on Friday.

Net sales for the quarter grew 12.8% to ₹40,136 crore, up from ₹35,589 crore in Q2 FY2024–25, marking the company’s highest-ever quarterly revenue.

Total sales volume for the quarter stood at 5,50,874 units, a modest 1.7% increase year-on-year. This was led by record-breaking exports of 1,10,487 units, which surged 42.2% — the highest-ever for any quarter. However, domestic wholesales declined 5.1% to 4,40,387 units, as many customers postponed purchases in anticipation of GST-led price reductions announced from September 22.

For the first half (April–September) of FY2025–26, Maruti Suzuki sold a total of 10,78,735 units, including 8,71,276 units in the domestic market and a record 2,07,459 units in exports. Overall volumes rose 1.4% year-on-year, driven by a 39.9% jump in exports.

The company recorded its highest-ever half-yearly net sales of ₹76,761 crore, compared with ₹69,464 crore in H1 FY2024–25. Net profit for the first half stood at ₹7,004 crore, up from ₹6,719 crore a year earlier.

Maruti Suzuki said it continues to focus on expanding exports and strengthening product offerings in the domestic market despite temporary demand moderation due to tax-related price expectations.

Suzuki Motor Corporation has renewed its ambition to regain a 50% share of India’s passenger vehicle market, a level it last held in FY2018-19. The company plans to launch eight new models,  including several SUVs over the next five to six years and expand its multi-fuel portfolio. It also targets leadership in electric vehicle manufacturing and exports from India.