Maruti Suzuki India Ltd
Maruti Suzuki India Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects around 6% year-on-year sustainable industry growth overall, with the small car segment forecasted to grow about 10% in H2 FY26 (Page 6). Maruti Suzuki aims for a 10% EBIT margin and 50% market share by FY 2030-31 as a mid-term goal, per Suzuki Motor Corporation's aspiration (Page 11).
From Maruti Suzuki India Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company expects around 6% year-on-year sustainable industry growth overall, with the small car segment forecasted to grow about 10% in H2 FY26 (Page 6).
- They plan to exceed their export guidance of 400,000 units in the fiscal year, showing strong export growth (Page 9).
- Retail sales grew strongly in the festive period, with bookings reaching 500,000 compared to 350,000 last year; retail sales during the festive period jumped to 400,000 units from 211,000 units last year, indicating robust demand (Page 5).
- The launch of eight new SUVs by FY 2030-31 is expected to help increase market share and volume growth (Page 5).
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Profitability & Margins
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Capital Expenditure Plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of the post-festive period, pending bookings stand at approximately 200,000 units. (Page 9)
- During the festive season (starting 22nd September 2025), Maruti Suzuki received around 500,000 bookings compared to 350,000 in the previous year's festive period. (Page 5)
- The strong booking momentum led to stretched inventory levels and models on small waitlists. (Page 8)
- Production has increased with efforts like working on Sundays to meet demand, indicating high order fulfillment activity. (Page 8)
Maruti Suzuki India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹52.5K Cr, net profit ₹3.7K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Maruti Suzuki's management said in earlier quarters
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Frequently Asked Questions
What were Maruti Suzuki India Ltd Q2 FY26 results?
The company expects around 6% year-on-year sustainable industry growth overall, with the small car segment forecasted to grow about 10% in H2 FY26 (Page 6). Maruti Suzuki aims for a 10% EBIT margin and 50% market share by FY 2030-31 as a mid-term goal, per Suzuki Motor Corporation's aspiration (Page 11).
What is Maruti Suzuki India Ltd share price analysis?
Maruti Suzuki India Ltd currently shows a neutral. The stock trades at a P/E of 25.2 with a market cap of ₹361,217 Cr. Investors should review the full earnings analysis for detailed insights.
Is Maruti Suzuki India Ltd planning capital expenditure?
The transcript on pages 1 to 13 of the Q2 FY26 Maruti Suzuki earnings call does not explicitly mention any current or future capex, capital investment, or strategic investment plans.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.