Maruti Suzuki to Hold Second-Quarter Results Meeting on Oct. 27 as Official Disclosure Is Awaited
Key Facts
Maruti Suzuki has set Oct. 27, 2026, for a board meeting to consider its results for the second quarter of fiscal 2026-27, according to a company notice. The date puts the Indian automaker’s results in focus after a previous draft circulated profit and revenue figures that were not confirmed by an official disclosure or a reliable financial source. Attention is therefore centered on what the board will announce about the quarter’s performance and on profitability details that will allow the results to be assessed against earlier periods. The results follow a first quarter in which net profit declined from the year-earlier period, according to company data published in July. The information available here did not include verified figures for second-quarter results or a comparison with analyst expectations.
The company reported net profit of 33,521 million rupees in the first quarter of fiscal 2026-27, compared with 37,581 million rupees in the first quarter of fiscal 2025-26, according to its results statement issued in July. Maruti said material costs began to rise during the quarter, pointing to a factor weighing on financial performance. The first-quarter figure alone does not establish whether that pressure continued into the second quarter; the results under board review will clarify that. Profit comparisons also require looking at sales and costs together, rather than net profit in isolation. Company data for the previous period showed that sales growth differed between the domestic market and exports, making a breakdown of the upcoming results important to understanding the components of performance.
In the second quarter of fiscal 2025-26, Maruti Suzuki’s net profit rose 7.3% year over year to 32,931 million rupees, from 30,692 million rupees in the year-earlier period, according to results published in October 2025. In the same quarter, domestic wholesale sales fell 5.1% year over year to 440,387 vehicles, while exports increased 42.2% to 110,487 vehicles, then a quarterly record. These figures provide a baseline for comparison when the new results are released, showing that domestic and export markets moved in different directions in the previous period. The company also said total sales in the first quarter of fiscal 2026-27 grew 29.3% year over year. That included a 34.1% increase in domestic small-car sales and a 28.6% rise in exports, according to the July statement.
The company’s results are being tracked alongside broader data on industrial activity in India. The industrial production index posted annual growth of 8.0% in August 2026, compared with 6.7% in the quick estimate for July, according to India’s Ministry of Statistics. Manufacturing grew 9.0% in August, the ministry said. These figures provide context on the pace of industrial activity in the previous month, but are not in themselves an indicator of Maruti’s results or the auto sector’s performance in the second quarter. The ministry is scheduled to release the quick estimate for the September industrial production index on Oct. 28, 2026, one day after the company’s board meeting.
Results from the previous fiscal year provide additional context on the profit trajectory: Maruti said net profit for fiscal 2025-26 was 144,454 million rupees, while fourth-quarter profit fell 6.9% year over year to 35,905 million rupees. The company attributed the quarterly decline mainly to the impact of mark-to-market revaluation. The quarter-by-quarter comparison shows that factors affecting net profit can vary from one period to another, making the second-quarter statement and its details the focus when released. The next steps are the board meeting scheduled for Oct. 27 to discuss second-quarter results, followed by the September industrial production index on Oct. 28. The data released on those two dates will determine what verified picture is available of the company’s performance and Indian industrial activity.