Maruti Suzuki posts record sales but profit falls 26% in Q2 FY27

what happened

According to TradingView, Maruti Suzuki's revenue in the second quarter of FY27 was roughly Rs 53,340–53,769 crore, while net profit came in at about Rs 2,455–2,466 crore, down 26–27% year on year. Higher costs pushed the EBITDA margin down to around 9.4%. The company raised vehicle prices three times in 2026 and plans further increases over the next two quarters because of persistent high commodity and input costs.

Demand is outpacing supply. Dealer inventory is near 17 days, and roughly 200,000 bookings are pending. The same summary cites a pending order book of about 265,000 vehicles. The company is also seeking a delay in the BS-VII rollout and warns of possible pricing effects. E-Vitara supply was cut by about 400–500 units a month in the first half because of a minor product change.

why it matters

Record volumes alongside a sharp profit decline suggest Maruti Suzuki is passing cost increases on to buyers, which could limit demand in rural areas. The company says a weak monsoon and El Niño could hurt rural sales, though early festival orders have eased the impact. For investors in Indian autos, the balance between pricing power and volume is the key question.

market impact

Maruti Suzuki shares: profit decline weighed against strong demand and a large order book, so the effect is mixed

• ↔Maruti Suzuki shares (MARUTI) mixed — weaker profit and rising costs offset by solid demand and a large order book

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