MARUTI

Growth Accelerates, Margins Hit Speed Bump

delivered a strong Q4 FY26 on the topline with revenue surging around 28% YoY driven by record sales volumes and robust exports, but profitability remained under pressure as higher raw material costs weighed on margins. Net profit declined about 6–7% despite operational strength, indicating that while demand momentum remains healthy, margin recovery is still a key monitorable for investors going forward.