Maruti Suzuki India Ltd
Maruti Suzuki India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
2 of 4 strong
The short version
Maruti Suzuki expects domestic sales volume growth of over 10% in FY27 compared to the previous year. Maruti Suzuki expects domestic PV (passenger vehicle) volume growth of over 10% in FY27 compared to FY26, driven by capacity ramp-up from new plants in Haryana and Gujarat adding 500,000 units annually.
From Maruti Suzuki India Ltd's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- Maruti Suzuki expects domestic sales volume growth of over 10% in FY27 compared to the previous year.
- The company plans to ramp up production capacity by around 500,000 units in FY27 through two new plants (Kharkhoda Phase 2 and Gujarat), adding 250,000 units each.
- Medium-term target is to increase production capacity to 4 million units per annum.
- Pending orders of around 190,000 units remain unserved at FY26-end, indicating strong underlying demand.
- The company expects healthy export volumes but refrains from giving specific export revenue guidance due to geopolitical uncertainties.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Maruti Suzuki India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Maruti Suzuki plans a capex of INR 14,000 crores for FY 26-27.
- Capacity expansion includes the second plant at Kharkhoda and the fourth production line at the Hansalpur facility in Gujarat.
- Each new unit will add an annual production capacity of 250,000 vehicles, totaling an additional 0.5 million units in the year.
- The company aims to increase production capacity to 4 million units per annum in the medium term.
- Capex is focused on addressing strong demand and fulfilling pending orders.
2 more points management made on 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
See what Maruti Suzuki India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of the end of FY26, Maruti Suzuki had approximately 190,000 customer orders pending/unserved due to production capacity constraints.
- Out of these, around 130,000 pending orders were in the small car segment, particularly in the 18% GST bracket.
- The company is actively working to fulfill these pending orders quickly, reflecting strong underlying demand.
- Production capacity is being ramped up with new plants in Kharkhoda and Gujarat to address this backlog and meet future demand.
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 FY26 results?
Maruti Suzuki expects domestic sales volume growth of over 10% in FY27 compared to the previous year. Maruti Suzuki expects domestic PV (passenger vehicle) volume growth of over 10% in FY27 compared to FY26, driven by capacity ramp-up from new plants in Haryana and Gujarat adding 500,000 units annually.
What is Maruti Suzuki India Ltd share price analysis?
Maruti Suzuki India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 26.6 with a market cap of ₹380,521 Cr. Investors should review the full earnings analysis for detailed insights.
Is Maruti Suzuki India Ltd planning capital expenditure?
Maruti Suzuki plans a capex of INR 14,000 crores for FY 26-27.
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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.