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GST-Led Demand Surge Drives Record Q3 and 9-Month Results at Maruti Suzuki

Story Highlights
  • Maruti Suzuki posted record Q3 FY26 sales and revenue, led by strong small-car demand after GST reform.
  • For 9M FY26, the carmaker reported highest-ever volumes, profits and restated results post Suzuki Motor Gujarat merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GST-Led Demand Surge Drives Record Q3 and 9-Month Results at Maruti Suzuki

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Maruti Suzuki India Limited ( (IN:MARUTI) ) has shared an announcement.

Maruti Suzuki India Limited reported record results for the third quarter and the first nine months of FY 2025-26, driven by a sharp recovery in the Indian car market following GST reform, particularly in the small car segment under the 18% GST bracket. In Q3, the company posted its highest-ever quarterly domestic sales of 564,669 units and total sales of 667,769 units, including 103,100 units of exports, alongside record quarterly net sales of INR 475,344 million; quarterly net profit edged up to INR 37,940 million, despite a one-time provision of INR 5,939 million related to new labour codes. For the April–December period, Maruti Suzuki achieved its highest-ever nine‑month sales volume of 1,746,504 units, with domestic sales of 1,435,945 units and exports of 310,559 units, net sales of INR 1,242,908 million, and net profit of INR 108,549 million, with these results also reflecting the amalgamation of Suzuki Motor Gujarat into the parent company effective April 1, 2025.

More about Maruti Suzuki India Limited

Maruti Suzuki India Limited is India’s largest passenger vehicle manufacturer, operating in the automotive industry with a strong focus on the domestic small-car segment and a growing export footprint. The company produces a wide range of passenger vehicles, and its performance is closely tied to trends in India’s mass-market car demand and regulatory developments such as tax and GST reforms.

Average Trading Volume: 11,342

Technical Sentiment Signal: Buy

Current Market Cap: 4863.7B INR

For a thorough assessment of MARUTI stock, go to TipRanks’ Stock Analysis page.

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