New Delhi, January 28, 2026: Maruti Suzuki India Limited (MSIL) announced its financial results for the third quarter (Q3) and nine months (9M) of FY2025-26, reporting record sales and strong profitability, supported by GST-driven recovery in the small car segment.
Q3 FY26 Performance
During October–December 2025, MSIL achieved its highest-ever quarterly domestic sales of 564,669 units, up from 466,993 units in Q3 FY25, marking an increase of 97,676 units. The surge was largely driven by the small car segment under the 18% GST bracket, which contributed 68,328 units to the growth. Total sales, including exports, reached 667,769 units, compared to 566,213 units in the same period last year.
Net sales for the quarter rose to INR 475,344 million from INR 368,020 million in Q3 FY25. Net profit for the quarter stood at INR 37,940 million, slightly higher than INR 36,593 million a year ago. The profit was affected by a one-time provision of INR 5,939 million related to the implementation of the New Labour Codes.
Nine-Month FY26 Performance
For the period April–December 2025, MSIL posted its highest-ever nine-month sales and financial metrics. Total sales amounted to 1,746,504 units, with domestic sales of 1,435,945 units and exports of 310,559 units, up from 1,629,631 units in 9M FY25. Net sales reached INR 1,242,908 million, compared to INR 1,062,589 million in the previous year. Net profit for 9M FY26 stood at INR 108,549 million, improving from INR 104,403 million in 9M FY25.
The company also noted that Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary, was amalgamated with MSIL effective December 1, 2025. The financial statements have been restated from April 1, 2025, as per the Scheme of Amalgamation.
Maruti Suzuki’s performance underscores the continued strength of the Indian passenger vehicle market, driven by policy support, GST reforms, and strong demand for small cars.