Maruti Suzuki Posts Record ₹1.74 Lakh Crore Revenue in FY26, Export Surge Drives Growth

Maruti Suzuki India Limited has reported its strongest financial performance ever in the financial year 2025-26, marking a major milestone for the company as it continued to lead India’s passenger vehicle market and strengthen its global presence.

The company achieved net sales of ₹1,74,369.5 crore, reflecting a solid growth of 20.2% compared to the previous year. This rise was supported by higher demand both in India and overseas markets. Total sales volumes also reached a record level of 2.42 million units, showing an increase of 8.4% year-on-year. This makes FY26 the most successful year in terms of overall sales for the company.

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Export Surge Drives Growth:

Exports played a key role in this performance. Maruti Suzuki exported 447,774 units during the year, a sharp rise of 34.6%. With this, the company maintained its position as India’s top passenger vehicle exporter for the fifth year in a row, accounting for nearly 49% of the country’s total passenger vehicle exports. The strong global demand helped the company expand its presence across international markets, including 44 countries where its first electric vehicle, the e VITARA, is now being shipped.

Despite strong revenue growth, the company’s net profit remained relatively stable at ₹14,445.4 crore, showing a small increase of 1% compared to the previous year. In the fourth quarter alone, net sales crossed ₹50,000 crore for the first time. Operating profit, measured as EBIT, rose by 30.4%, although net profit in the quarter fell by 6.9% due to accounting adjustments.

The second half of the year saw additional support from a reduction in GST rates, which helped improve demand in the domestic market. However, supply-side challenges continued. The company ended the year with around 1,90,000 pending customer orders, with nearly 70% of these in the small car segment. Dealership inventory also remained low at about 12 days, showing strong demand pressure.

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Record Dividend and Merger Boost:

In a major structural development, Suzuki Motor Gujarat Private Limited was merged with Maruti Suzuki India Limited from 1 December 2025, further streamlining operations.

Reflecting its strong financial position, the board announced a record dividend of ₹140 per share, the highest in the company’s history. This reward highlights the company’s strong cash generation and overall performance in a landmark year.

Overall, FY26 has been a record-breaking year for Maruti Suzuki, marked by strong sales growth, rising exports, and continued leadership in India’s automotive industry, even as supply challenges remain.