Hyundai Motor India held its Board of Directors meeting on May 08, 2026, approving the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹21 per equity share of face value ₹10 each for FY2025-26, subject to shareholder approval. The statutory auditors, M/s B S R & Co. LLP, issued unmodified opinions on the results. The filing was signed by Wangdo Hur, Whole Time Director and CFO, and Pradeep Chugh, Company Secretary and Compliance Officer. The company also disclosed the audio recording of its financial results presentation to the stock exchanges, available on the company's website. Subsequently, pursuant to Regulation 30(6) and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the earnings conference call held on May 08, 2026 has been made available on the company's investor relations website at https://www.hyundai.com/in/en/investor-relations/financial-information/quaterly-financials .

Key Highlights

The company celebrated 30 years in India, marking the commencement of its Pune plant in FY26. The New Venue, the first product from the Pune plant, continues to be a strong growth driver since launch and secured a 5-star Bharat NCAP rating. Hyundai achieved its highest-ever quarterly domestic sales in Q4 FY26, with total wholesale volume up 8.7% YoY to 208,275 units, supported by GST 2.0 tailwinds and agile product interventions. The company recorded a record 25% quarterly rural penetration and a highest-ever quarterly CNG contribution of 18% in Q4 FY26, driven by rising adoption and entry into the commercial mobility segment. Aura registered all-time high sales volume both for Q4 FY26 and the full year FY26. Exports grew at 9.4% YoY in Q4 FY26, closing FY26 with a strong growth of 16.4% to reach 190,125 units.

Consolidated Financial Performance

On a consolidated basis, FY26 revenue from operations stood at ₹7,07,633 Mn, a 2.3% increase from ₹6,91,929 Mn in the prior year. EBITDA for FY26 was ₹85,985 Mn, representing an EBITDA margin of 12.2%, compared to 12.9% in FY25. Consolidated profit after tax for the full year was ₹54,315 Mn, compared to ₹56,402 Mn in the prior year. For Q4 FY26, revenue grew 5.4% YoY and 5.2% QoQ to ₹1,89,162 Mn, while PAT stood at ₹12,556 Mn against ₹16,143 Mn in the corresponding prior year quarter.

The following table summarises the consolidated financial performance across Q4 FY26, Q3 FY26, and the full year:

*EBITDA excludes other income.

The detailed consolidated income statement is presented below:

Standalone Financial Performance

On a standalone basis, FY26 revenue from operations was ₹6,89,905.38 Mn, compared to ₹6,76,538.10 Mn in the prior year. Profit after tax for the year stood at ₹53,224.53 Mn, compared to ₹54,922.47 Mn in FY25. For Q4 FY26, standalone revenue was ₹1,84,519.18 Mn, with a PAT of ₹12,215.29 Mn. The standalone earnings per share (EPS) for FY26 was ₹65.50, compared to ₹67.59 in the previous year.

CEO Commentary

Commenting on the results, Mr. Tarun Garg, Managing Director & Chief Executive Officer, said, "As we celebrate 30 years of operations in India, we take pride in building a strong foundation anchored in customer trust, innovation, and consistent execution. FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalizing on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on 'Quality of Growth'. Looking ahead to FY27, we have started the year on a strong footing, with April domestic volumes growing 17% YoY. We expect this positive momentum to continue and backed by new product launches in high-demand segments and other strategic initiatives, we expect 8-10% volume growth in domestic market. For exports, we remain watchful of geopolitical uncertainties, however, we are confident of registering 8-10% volume growth, reinforcing our position as the hub for emerging markets. To support our future growth aspirations, I am also pleased to announce the expansion of our Pune facility by another 70,000 units post Phase-II expansion, taking our overall capacity to 1.14 million units by 2030."

Outlook for Financial Year 2026-27

Hyundai Motor India has outlined an ambitious growth roadmap for FY2026-27, targeting domestic and export volume growth of 8-10% each, while remaining cautious about geopolitical risks that could impact export performance. The company aims to deliver EBITDA margins within the guided range of 11-14%. A capital expenditure plan of approximately ₹7,500 Cr has been allocated for the year to support growth commitments. The company confirmed two completely new nameplates to expand its presence in the SUV category — one strengthening its position in the mid-SUV segment and the other marking the debut of a localized dedicated EV in the compact SUV segment. These launches are in line with the company's earlier plans for two launches over FY27-FY28.

Analyst Views

Leading brokerages have weighed in on the results and FY27 outlook. Nomura maintains a Buy rating on Hyundai Motor India with a target price of ₹2,407, citing strong FY27 growth guidance despite a tough environment, expectations of above-industry 8-10% growth driven by two new SUVs and a broader 26-model launch cycle till FY30, an improving export outlook, and confidence that margins have bottomed out despite a Q4 EBITDA miss. CLSA maintains an Outperform rating with a revised target price of ₹2,290, noting that Q4 FY26 EBITDA margins missed estimates due to vendor compensation, labour code impact, commodity inflation, and weaker mix, though lower discounts, price hikes, and incentives provided partial relief. CLSA also acknowledged management's guidance for 8-10% FY27 volume growth and sustained 11-14% EBITDA margins, supported by capacity ramp-up and new SUV launches.

Hyundai Motor India Limited has announced exceptional sales performance for April 2026, setting new records in domestic market penetration. The company achieved its highest-ever domestic sales for any April month since inception, demonstrating strong market momentum as it enters the new financial year.

Record-Breaking Sales Performance

The company's domestic sales reached remarkable heights in April 2026, showcasing significant growth across its product portfolio. The performance reflects the company's strengthened market position and customer acceptance of its recent product interventions.

VENUE Model Leads Performance

The all-new Hyundai VENUE emerged as a standout performer, achieving exceptional sales numbers that contributed significantly to the overall success. The model's performance was bolstered by recent safety achievements and market recognition.

Management Commentary

Mr. Tarun Garg, MD & CEO of HMIL, expressed satisfaction with the strong start to the financial year. He highlighted the momentum built in recent months and the positive market response to the company's product strategy. The management attributed the success to several factors:

• Strong customer response to recent product interventions
• Competitive product line-up positioning
• Enhanced safety credentials
• Comprehensive model range updates

Product Portfolio Strength

The company's robust performance was supported by its diversified product portfolio, including several recently launched and updated models. The product range demonstrates the company's commitment to meeting varied customer preferences across different segments.

Recent Product Interventions:

• New EXTER model
• Updated VERNA
• IONIQ 5 electric vehicle
• CRETA Summer Edition
• Grand i10 NIOS Vibe Edition
• VENUE Knight Edition

The April 2026 results position Hyundai Motor India Limited strongly as it progresses through the new financial year, with the company maintaining its focus on innovation, safety, and customer satisfaction across its operations in India.