Maruti Suzuki FY26 Results: ₹140 Dividend, Record Revenue & Investor Call
Maruti Suzuki India Limited published its audited FY26 financial results and filed the investor call transcript held on April 28, 2026, with NSE and BSE under Regulation 30 on May 4, 2026. The company reported consolidated revenue of ₹1,833,160 million (up 19.88%) and net profit of ₹146,795 million for FY26, alongside a record dividend of ₹140 per share aggregating ₹44,016 million, subject to AGM approval on August 31, 2026.
*this image is generated using AI for illustrative purposes only.
Maruti Suzuki India Limited officially published its audited financial results for FY26 in newspapers on April 29, 2026, complying with Regulation 47 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The company submitted copies of the published results from 'Financial Express' and 'Jansatta' to NSE and BSE exchanges, following the Board's approval on April 28, 2026. Subsequently, on May 4, 2026, the company also filed the transcript of its investors' call — held on April 28, 2026, covering the annual financial results for the year ended March 31, 2026 — with both exchanges under Regulation 30. The transcript has been made available on the company's official website.
Board Meeting Outcomes and Regulatory Compliance
The Board approved comprehensive audited financial results that demonstrate exceptional annual performance. The results received an unmodified audit report from Price Waterhouse Chartered Accountants LLP, confirming compliance with all regulatory requirements under Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The company filed the necessary notifications with both NSE and BSE exchanges.
| Board Decision: | Details |
|---|---|
| Meeting Date: | April 28, 2026 |
| Meeting Duration: | 11:35 a.m. to 2:30 p.m. |
| Audit Report: | Unmodified by PWC |
| Regulatory Filing: | NSE & BSE notification |
| Investor Call Transcript Filed: | May 4, 2026 |
| AGM Date: | August 31, 2026 |
Record Financial Performance FY26
The published results reveal exceptional growth across key performance indicators. The company achieved consolidated revenue from operations of ₹1,833,160 million for FY26, representing a 19.88% increase from ₹1,529,130 million in FY25. Net profit on a consolidated basis reached ₹146,795 million compared to ₹145,002 million in the previous year, showing 1.24% growth.
| Financial Metric: | Consolidated FY26 | Consolidated FY25 | Growth |
|---|---|---|---|
| Revenue from Operations: | ₹1,833,160 million | ₹1,529,130 million | 19.88% |
| Net Profit: | ₹146,795 million | ₹145,002 million | 1.24% |
| Total Comprehensive Income: | ₹151,608 million | ₹145,339 million | 4.31% |
| Earnings Per Share: | ₹466.90 | ₹461.20 | 1.24% |
Quarterly Performance Analysis
The fourth quarter results show strong operational performance with consolidated revenue of ₹524,625 million for Q4 FY26 compared to ₹409,201 million in Q4 FY25. Net profit for the quarter stood at ₹36,590 million versus ₹39,111 million in the corresponding previous quarter.
| Quarter Performance: | Q4 FY26 | Q4 FY25 | Q3 FY26 |
|---|---|---|---|
| Revenue (Consolidated): | ₹524,625 million | ₹409,201 million | ₹499,041 million |
| Net Profit (Consolidated): | ₹36,590 million | ₹39,111 million | ₹38,791 million |
| EPS (Consolidated): | ₹116.38 | ₹124.40 | ₹123.38 |
Dividend Declaration and Shareholder Benefits
The Board recommended a final dividend of ₹140.00 per share for FY26, representing the company's highest-ever dividend payout. This dividend aggregates to ₹44,016 million compared to ₹42,444 million in the previous year. The dividend payment is subject to approval at the Annual General Meeting scheduled for August 31, 2026.
| Dividend Parameters: | FY26 | FY25 |
|---|---|---|
| Dividend Per Share: | ₹140.00 | ₹135.00 |
| Total Dividend Amount: | ₹44,016 million | ₹42,444 million |
| Record Date: | August 7, 2026 | - |
| Payment Date: | September 9, 2026 | - |
| AGM Date: | August 31, 2026 | - |
Corporate Governance and Regulatory Impact
The financial results reflect the impact of the approved Scheme of Amalgamation between Maruti Suzuki India Limited and Suzuki Motor Gujarat Private Limited, which became effective from December 1, 2025. The audited statements have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013.
The company acknowledged specific regulatory impacts including the implementation of four Labour Codes notified by the Government of India in November 2025, resulting in an incremental impact of ₹5,939 million in Q3 FY26. The consolidated financial results include 2 subsidiaries, 14 associates, and 3 joint ventures.
Historical Stock Returns for Maruti Suzuki
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.46% | -3.91% | -3.69% | -18.67% | -0.25% | +90.22% |
How will the full integration of Suzuki Motor Gujarat Private Limited impact Maruti Suzuki's production capacity and cost structure in FY27?
Given the significant gap between revenue growth (19.88%) and net profit growth (1.24%), what margin expansion strategies is Maruti Suzuki likely to pursue to improve profitability in FY27?
With the four Labour Codes already impacting costs by ₹5,939 million in Q3 FY26, how might ongoing compliance costs affect Maruti Suzuki's competitive pricing strategy in the mass-market segment?
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