Top News

Maruti Suzuki shares trade lower ahead of Q4 earnings; key things investors should know
Sanjeev Kumar | April 28, 2026 6:23 PM CST

Maruti Suzuki share price: Shares of Maruti Suzuki, India's largest automaker, were trading lower ahead of the company's January to March quarter financial results release for the year ended 2025-26. The automaker is set to release its earnings on Tuesday, April 28.
Experts predict the auto giant is likely to report positive results in the March quarter with double-digit growth in both revenue from operations and net profits for the period. As of 12:40 pm, Maruti Suzuki shares were down 0.84% to ₹13,111 on Tuesday, compared to ₹13,222 at the previous stock market close, according to NSE data. Investors should focus on the key figures in the consolidated financial statements this quarter, along with the management commentary and export volumes across models. Key things to watch in Maruti Suzuki Q4 results Market experts predict that Maruti Suzuki India is expected to witness 11-14% year-on-year (YoY) growth in net profits, led by higher volumes in the March quarter. The standalone revenues from core operations are expected to rise by approximately 25-28% to the range of ₹51,100 crore to ₹52,250 crore, while the net profits are expected to rise to the tune of ₹4,150 crore to ₹4,350 crore. Analysts also expect that the higher profitability in the March quarter can be anticipated on the uptick in sales volumes and the shift in the company's product mix, with a higher share of SUVs/EVs models improving the sales. The experts also recommended that investors to keep an eye on the management commentary in Maruti Suzuki India's earnings call post the Q4 results. The company has scheduled the earnings call for 5:45 pm on April 28, 2026. Auto sales in March March 2026 auto sales data, released on April 1, showed that Maruti Suzuki India's passenger vehicle sales witnessed a 10% rise, fuelled by utility vehicle (UV) demand in the market. The data showed that the utility vehicle segment outperformed the company's mini and small car segment, which recorded a 6.3% rise in units sold to 83,530 units in the month of March 2026, compared with 78,561 units in the same period a year ago. The sales data suggest that people are increasingly investing in bigger-sized SUVs compared to purchasing cars like Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift, and WagonR. Maruti Suzuki's utility vehicle segment sales witnessed a 16.7% rise to 71,356 units in March 2026, compared to 61,097 units in the same period a year ago. Latest updates In March, Maruti Suzuki announced its first phase of plans to add capacity of 2,50,00 vehicles per annum at the manufacturing hub in the Khoraj Industrial Estate, Gujarat, on top of the existing 24 lakh units per annum spread across plants in Gurugram, Manesar, Kharkhoda and Hansalpur. For this expansion, the company will invest ₹10,189 crore, and the additional capacity is expected to be added by 2029, subject to the market conditions. In the fourth quarter, the company also started its sales of the e-Vitara BEV (battery electric vehicle) model, and the export of its premium SUVs like the Victoris. NSE filings suggest that more than 450 units were exported for the global markets. Maruti Suzuki Q3 results Maruti Suzuki recorded a 6.76% rise in its October to December quarter net profits to ₹3,979 crore, compared year-on-year with ₹3,726.9 crore in the same period a year ago, according to the consolidated financial statements. The company's revenue from core operations rose 29% to ₹47,537 crore in the third quarter of the financial year ended 2025-26, compared to ₹36,805 crore in the same period a year ago, as per the NSE filings. The data also showed that the automaker's earnings per share (EPS) improved to ₹123.38 apiece in the third quarter, compared to ₹118.54 apiece in the same period a year earlier. Maruti Suzuki share price Maruti Suzuki shares have delivered more than 100% returns in the last five years, over 53% in the last three years, and 11% returns in the past year, according to NSE data. On a year-to-date basis, the auto stock has lost 21% so far in 2026, but has gained 6% in the past one month. Maruti Suzuki shares were trading 2.3% lower in the last five market sessions on the Indian stock market. Shares of the company hit their 52-week high of ₹17,370 on January 5, 2026, while the 52-week low was at ₹11,289 on April 28, 2025, according to the exchange filing. Maruti Suzuki's market capitalisation (M-Cap) was at over ₹4.13 lakh crore as of Tuesday's trading session.


READ NEXT
Cancel OK