Key facts: Maruti Q4 PAT INR35.9bn, down 7%; small‑car sales slow
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Maruti Suzuki reported a Q4 FY26 PAT of INR 35.9 billion, a 7% decline year-on-year, falling short of Motilal Oswal's estimates due to mark-to-market investment losses. Despite a GST cut boosting small-car demand, the company experienced slower sales in 2025 as urban demand weakened, indicating reduced consumer activity in the passenger vehicle market. The order backlog stands at approximately 190,000 units.
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