Maruti Suzuki India Ltd
Maruti Suzuki India Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
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.
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Profitability & Margins
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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.
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Top-ranked in Automobiles
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
- 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%.
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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 India Ltd's management said in earlier quarters
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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.
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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.
