Financial Performance Overview
Maruti Suzuki India Limited reported exceptional financial results for FY25-26, achieving record sales of 2.42 million vehicles with highest-ever exports of 447,774 units (34.5% growth). The company posted revenue from operations of ₹1,832,661 million (standalone) and ₹1,833,160 million (consolidated), with net profit of ₹144,454 million (standalone) and ₹146,800 million (consolidated). Despite margin moderation to 8.4% from 10.0% in previous year, the company maintained strong profitability and recommended its highest-ever dividend of ₹140 per share.
Operational Highlights and Business Development
The company launched new SUV models VICTORIS and e-VITARA (its first Battery Electric Vehicle), while expanding manufacturing capacity with new plants at Kharkhoda and Hansalpur adding 250,000 units capacity each. Market share remained strong at approximately 40% retail market share, with exports reaching 120 countries and contributing 49% of India's passenger vehicle exports. The company completed the amalgamation of Suzuki Motor Gujarat Private Limited effective December 1, 2025, adding net assets of ₹134,903 million.
Corporate Governance and Shareholder Matters
The 45th Annual General Meeting is scheduled for 31st August 2026 via virtual mode, with key agenda items including adoption of financial statements, declaration of ₹140 per share dividend, and re-appointment of directors Kazunari Yamaguchi and Toshihiro Suzuki. Remote e-voting will be available from 26th to 30th August 2026, with 24th August as cut-off date for shareholder eligibility. The company maintains strong corporate governance with 12-member board and high director attendance at meetings.
Financial Position and Investments
The company maintained a robust financial position with significant investments in unquoted debt mutual funds totaling ₹717,238 million, recognizing fair value gains of ₹35,190 million. Property, plant and equipment stood at ₹751,458 million with capital expenditure of ₹81,053 million during the year. The company had no long-term borrowings and maintained undrawn facilities of ₹97,750 million, demonstrating strong liquidity management.
Regulatory Compliance and Contingencies
The auditor's report highlighted key audit matters including assessment of litigation provisions and migration to new ERP system, issuing an unmodified opinion. Significant contingent liabilities include income tax disputes of ₹149,868 million, excise duty disputes of ₹18,586 million, and Competition Commission of India penalties of ₹6,712 million (under stay). The company complied with all applicable SEBI regulations and Companies Act requirements.
Dividend and Capital Allocation
The Board recommended a final dividend of ₹140 per share, subject to shareholder approval, with expected cash outflow of ₹44,016 million. Detailed TDS guidelines were provided for both resident and non-resident shareholders. Dividend payment is scheduled on or after 9th September 2026, with record date of 7th August 2026.
Sustainability and Future Outlook
The company demonstrated strong environmental performance with 22.8% renewable energy consumption, zero liquid discharge at all facilities, and water positivity achieved at manufacturing plants. With pending orders of approximately 190,000 units and continued capacity expansion, Maruti Suzuki is positioned for sustained growth in the Indian automotive market while maintaining its market leadership position.