Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q2 FY2027 Earnings Presentation

17 slides from Maruti Suzuki India's earnings presentation, Oct 27, 2026

  1. Slide 1: Exchange covering letter for investor presentation

    MSIL: COS: NSE&BSE: 2026/10_13 27th October 2026 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla Complex BSE Limited Bandra (E) Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Sub: Inv

  2. Slide 2: Q2 FY'27 and H1 FY'27 Standalone Financial Results

    Maruti Suzuki India Limited Q2 FY’27 and H1 FY’27 Standalone Financial Results 27th October 2026 1

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these to refl

  4. Slide 4: Contents

    Contents 1. Q2 FY’27 w.r.t. Q2 FY’26 ➢ Ratio Comparison 2. Q2 FY’27 w.r.t. Q1 FY’27 ➢ Ratio Comparison 3. H1 FY’27 w.r.t. H1 FY’26 ➢ Ratio Comparison 4. Sales Volume Note: Suzuki Motor Gujarat Private Limited (SMG), a wholly owned subsidiary of Maruti Suzuki India Limited (MSIL), amalgamated with MS

  5. Slide 5: Q2 FY'27 w.r.t. Q2 FY'26

    Q2 FY’27 w.r.t. Q2 FY’26 4

  6. Slide 6: Highlights of Q2 FY'27 w.r.t. Q2 FY'26

    Highlights of Q2 FY’27 w.r.t. Q2 FY’26 *All figures except sales volume are in INR million Q2 FY’27 Q2 FY’26 Sales Volume 696,654 550,874 26.5% Net Sales 506,155 401,358 26.1% Op. EBITDA 47,633 50,848 -6.3% Op. EBIT 28,037 33,820 -17.1% PBT 31,658 42,909 -26.2% PAT 24,149 33,028 -26.9% 5

  7. Slide 7: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Change Parameter Q2 FY’27 Q2 FY’26 (bps) Material Cost 79.9 75.7 420 Employee Cost 4.6 5.1 -50 Other Expenses 11.5 12.0 -50 Other Operating Income 5.4 5.5 -10 Op. EBITDA 9.4 12.7 -330 Depreciation 3.9 4.2 -40 Op. EBIT 5.5 8.4 -290 Interest Expense 0.1 0.1 - Non-

  8. Slide 8: Financial Analysis of Q2 FY'27 w.r.t. Q2 FY'26

    Financial Analysis of Q2 FY’27 w.r.t. Q2 FY’26 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices in the context of West Asia conflict ◼ Adverse foreign exchange movement ◼ Lower non-operating income due to mark-to-market losses on invested surplus Positive Factors ◼ Improve

  9. Slide 9: Q2 FY'27 w.r.t. Q1 FY'27

    Q2 FY’27 w.r.t. Q1 FY’27 8

  10. Slide 10: Highlights of Q2 FY'27 w.r.t. Q1 FY'27

    Highlights of Q2 FY’27 w.r.t. Q1 FY’27 *All figures except sales volume are in INR million Q2 FY’27 Q1 FY’27 Sales Volume 696,654 682,724 2.0% Net Sales 506,155 499,591 1.3% Op. EBITDA 47,633 43,111 10.5% Op. EBIT 28,037 25,311 10.8% PBT 31,658 43,413 -27.1% PAT 24,149 33,521 -28.0% 9

  11. Slide 11: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter Q2 FY’27 Q1 FY’27 Change (bps) Material Cost 79.9 80.5 -60 Employee Cost 4.6 4.9 -30 Other Expenses 11.5 11.0 50 Other Operating Income 5.4 5.0 40 Op. EBITDA 9.4 8.6 80 Depreciation 3.9 3.6 30 Op. EBIT 5.5 5.1 40 Interest Expense 0.1 0.1 - Non-Operatin

  12. Slide 12: Financial Analysis of Q2 FY'27 w.r.t. Q1 FY'27

    Financial Analysis of Q2 FY’27 w.r.t. Q1 FY’27 Key reasons for margin movement Negative Factors ◼ Adverse commodity prices in the context of West Asia conflict ◼ Adverse foreign exchange movement ◼ Higher manufacturing overheads ◼ Higher depreciation expense due to new facility and new model dies ◼

  13. Slide 13: H1 FY'27 w.r.t. H1 FY'26

    H1 FY’27 w.r.t. H1 FY’26 12

  14. Slide 14: Highlights of H1 FY'27 w.r.t. H1 FY'26

    Highlights of H1 FY’27 w.r.t. H1FY’26 *All figures except sales volume are in INR million H1 FY’27 H1 FY’26 Sales Volume 1,379,378 1,078,735 27.9% Net Sales 1,005,746 767,564 31.0% Op. EBITDA 91,750 97,054 -5.5% Op. EBIT 54,354 64,469 -15.7% PBT 75,071 91,969 -18.4% PAT 57,670 70,609 -18.3% 13

  15. Slide 15: Key Financial Ratios (% of Net Sales)

    Key Financial Ratios (% of Net Sales) Parameter H1 FY’27 H1 FY’26 Change (bps) Material Cost 80.2 75.1 510 Employee Cost 4.8 5.3 -50 Other Expenses 11.1 12.3 -120 Other Operating Income 5.2 5.4 -20 Op. EBITDA 9.1 12.6 -350 Depreciation 3.7 4.2 -50 Op. EBIT 5.4 8.4 -300 Interest Expense 0.1 0.1 - Non

  16. Slide 16: Sales Volumes

    Sales Volumes Q2 FY’27 H1 FY’27 Market % to Total % to Total Total Sales Number YoY Growth % Number YoY Growth % sales sales Domestic 588,535 33.6% 84.5% 1,146,523 31.6% 83.1% Exports 108,119 -2.1% 15.5% 232,855 12.2% 16.9% Total Sales 696,654 26.5% 100% 1,379,378 27.9% 100% Q2 FY’27 H1 FY’27 Segmen

  17. Slide 17: Thank You

    Thank You 16

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