MS

Maruti Suzuki India Ltd

Q4 FY25Automobiles

Maruti Suzuki India Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹13,565
Market cap₹4.3L Cr
P/E30.3
Updated23 Aug 2026
Read4 min read

The short version

Domestic market volume growth for FY26 is expected to be better than the modest industry forecast of 1-2%, aided by upcoming SUV launches. Earnings growth is expected to continue, with FY25 net profit at Rs.

From Maruti Suzuki India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Domestic market volume growth for FY26 is expected to be better than the modest industry forecast of 1-2%, aided by upcoming SUV launches.
  • Exports outlook is very positive, with an expected growth of about 20% in FY26, supported by backlog orders on models like Jimny.
  • The Company aims to launch two new models in FY26, including the e VITARA electric SUV, to drive growth.
  • Overall, the PV industry grew by 2.5% in FY25, with Maruti Suzuki growing retail sales faster than the industry, signaling potential for above-industry growth.

2 more points from Maruti Suzuki India Ltd's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

See what Maruti Suzuki India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • FY25 CAPEX was roughly Rs. 8,400 crores at the consolidated level (excluding SMG).
  • FY26 CAPEX is expected in the range of Rs. 8,000 to 9,000 crores (excluding SMG).
  • The newly commissioned Greenfield plant at Kharkhoda Phase-I with a capacity of 250,000 units per annum started commercial production in March 2025.
  • Production lines in the new plant are designed to be flexible, including capability to manufacture EVs, addressing future electric vehicle production needs.

2 more points from Maruti Suzuki India Ltd's call on capex

Pro opens every point from 15K+ earnings calls

Top-ranked in Automobiles

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Ather Energy Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Maruti Suzuki India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Maruti Suzuki's export order book, especially for the Jimny model, remains strong.
  • The company aspires to achieve double-digit export growth (around 20%) in FY26, supported by a healthy order backlog.
  • Demand for exports is expected to remain robust despite global macroeconomic challenges.
  • For domestic volumes, the company is moderately optimistic, expecting growth better than the industry's forecasted 1-2%.

2 more points from Maruti Suzuki India Ltd's call on order book

Pro opens every point from 15K+ earnings calls

Maruti Suzuki India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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.

Full financials →

Others in Automobiles this season

  • Mahindra & Mahindra Ltd (Q4 FY25)

    Capacity expansion planned at about 15% CAGR, but volume growth may not match capacity increase 1:1 due to product replacements. Key concall takeaways from…

  • TVS Motor Company Ltd (Q4 FY25)

    Domestic ICE two-wheeler sales grew 9%, outpacing industry growth at 7%. Key concall takeaways from TVS Motor Co.'s Q4 FY25 earnings call — and how it ranks…

  • Hyundai Motor India Ltd (Q4 FY25)

    Capex of INR 7,000 crores planned in FY 2026 primarily for Pune plant expansion and new product investments. Key concall takeaways from Hyundai Motor India…

  • Eicher Motors Ltd (Q4 FY25)

    Investment in EV manufacturing facilities and product development (CAPEX INR 1,200-1,300 crores) signals upcoming launches and innovations, especially in the…

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Maruti Suzuki India Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Maruti Suzuki India Ltd Q4 FY25 results?

Domestic market volume growth for FY26 is expected to be better than the modest industry forecast of 1-2%, aided by upcoming SUV launches. Earnings growth is expected to continue, with FY25 net profit at Rs.

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 30.3 with a market cap of ₹434,945 Cr. Investors should review the full earnings analysis for detailed insights.

Is Maruti Suzuki India Ltd planning capital expenditure?

FY25 CAPEX was roughly Rs.

Keep Maruti Suzuki India Ltd on your radar — track it to get its next earnings analysis in your feed.

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.