Maruti Suzuki Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook
- May 5, 2026
- Posted by: Neeraj Pandey
- Category: News
Maruti Suzuki (MARUTI) Q4 results for FY26 are expected in May 2026. With Q3 FY26 revenue of Rs 35800 Cr and PAT of Rs 3820 Cr as the base, the street is watching closely for margin trajectory and management guidance on FY27 demand.
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Maruti Suzuki Q4 FY26 Earnings Preview What to Expect
India’s auto sector enters Q4 FY26 with robust utility vehicle demand, rural revival supporting two-wheelers, EV penetration growth and commodity cost tailwinds supporting OEM margins.
Maruti Suzuki Q4 Results 2026 — Date and Key Estimates
| Parameter | Q3 FY26 Actual | Q4 FY26 Estimate | YoY Growth |
|---|---|---|---|
| Revenue (Rs Cr) | 35800 | 37500 | +5% |
| PAT (Rs Cr) | 3820 | 4050 | +6% |
| EBITDA Margin | — | 10.8% | Improvement expected |
| Results Date | — | May 2026 | — |
| Dividend History | Rs 125.00 per share | ||
| Dividend Expectation | Rs 135.00 final dividend expected | ||
Estimates based on analyst consensus as of April 2026. Actual results may vary. Verify before investing.
Track Maruti Suzuki live price, FII/DII activity and fundamentals on Univest Screener
5 Reasons Maruti Suzuki Q4 Results Could Beat Estimates
Strong UV and SUV Demand
Utility vehicle volumes continue to outperform industry averages, with sub-4m SUV and compact SUV segments reporting healthy booking pipelines and steady retail offtake across markets.
Rural Revival Driving Two-Wheeler Volumes
Better agricultural income from a good rabi crop season and government rural welfare schemes are fuelling entry-level two-wheeler demand recovery after several quarters of sluggishness.
EV Portfolio Expansion
Growing EV adoption, particularly in two-wheelers and commercial vehicles, is expanding revenue pools for manufacturers with established EV portfolios, supported by improving charging infrastructure.
Commodity Cost Deflation
Moderation in steel, aluminium and semiconductor prices has reduced input costs, supporting OEM EBITDA margin expansion even with stable retail pricing strategies.
Premiumisation and ASP Uplift
The shift toward higher-priced feature-rich vehicles with advanced safety and infotainment is lifting average selling prices and improving revenue even at moderate unit volumes.
5 Key Risks to Watch in Maruti Suzuki Q4 Results
Mass Segment Affordability Stress
Elevated vehicle costs and rising loan EMI burdens are stretching first-time buyer affordability in the mass market, limiting volume upside in entry-level segments.
EV Disruption to ICE Revenue
Accelerating EV adoption is structurally reducing demand for ICE-specific components and forces costly powertrain portfolio transitions.
Input Cost Volatility
Any commodity price reversal in steel or aluminium could compress OEM margins if retail pricing adjustments are delayed due to competitive dynamics.
Emission Norms Compliance
Tightening emission regulations and new ADAS mandates add compliance capex requirements that could disrupt production timelines.
Export Market Weakness
Sluggish demand from African and Southeast Asian markets limits revenue diversification for export-focused OEMs.
Analyst Ratings and Target Price for Maruti Suzuki
| Brokerage | Rating | Key Thesis |
|---|---|---|
| Motilal Oswal | Buy | UV mix strength and margin expansion expected |
| CLSA | Outperform | EV roadmap and rural recovery catalysts |
| Emkay Global | Buy | Volume and operating leverage to drive PAT growth |
Analyst ratings are for informational purposes only and subject to change. Not investment advice.
Q4 Results 2026 Calendar Key Dates to Track
| Company | Expected Results Date |
|---|---|
| Maruti Suzuki | May 2026 |
| TCS | April 2026 |
| Infosys | April 2026 |
Stay updated on all Q4 FY26 earnings at Univest Blogs. For TCS results see TCS Q4 Results 2026 and for Infosys see Infosys Q4 Results 2026.
How to Invest in Maruti Suzuki Based on Q4 Results
Before investing in Maruti Suzuki based on Q4 results, consider the following approach: review the actual revenue and PAT versus analyst estimates, listen to the management earnings call for FY27 guidance, assess whether the EBITDA margin trajectory is improving or deteriorating, and check FII/DII activity patterns post-results. A beat on estimates with positive guidance is typically a bullish signal; a miss with downgraded guidance may indicate further correction risk.
Frequently Asked Questions — Maruti Suzuki Q4 Results 2026
Q: When will Maruti Suzuki announce Q4 FY26 results?
Maruti Suzuki (MARUTI) is expected to announce Q4 FY26 results in May 2026. The exact board meeting date will be communicated via BSE/NSE exchange filing. Track the date on Univest Screener.
Q: What is the revenue estimate for Maruti Suzuki Q4 FY26?
Analyst consensus estimates Maruti Suzuki Q4 FY26 revenue at approximately Rs 37500 Cr, representing approximately 5% year-on-year growth. The actual number will depend on sector demand trends and execution in the quarter.
Q: What PAT is expected for Maruti Suzuki in Q4 FY26?
Estimated PAT for Maruti Suzuki Q4 FY26 is approximately Rs 4050 Cr, up approximately 6% year-on-year. Margin expansion from operating leverage and input cost moderation are the primary drivers of profit growth expectations.
Q: Will Maruti Suzuki declare a dividend in Q4 FY26?
Historical dividend pattern for Maruti Suzuki: Rs 125.00 per share. For Q4 FY26, Rs 135.00 final dividend expected. Dividend declarations are subject to board approval at the time of results.
Q: What is the current share price and market cap of Maruti Suzuki?
Maruti Suzuki (MARUTI) is currently trading at approximately Rs 11980 with a market capitalisation of Rs 3,57,000 Cr. Track live price, volume and FII/DII data on Univest Screener.
Q: What are the key risks for Maruti Suzuki in Q4 FY26?
Key risks include: Mass Segment Affordability Stress, EV Disruption to ICE Revenue, Input Cost Volatility. Investors should monitor management commentary on these risks in the Q4 earnings call.
Q: Is Maruti Suzuki a buy before Q4 results?
This article does not constitute investment advice. Whether to buy Maruti Suzuki before Q4 results depends on your risk appetite, existing portfolio exposure and entry price relative to fair value. Consult a SEBI-registered financial advisor before making any investment decision.
Q: How can I track Maruti Suzuki Q4 results live?
Track Maruti Suzuki Q4 FY26 results live on the Univest Screener, which provides real-time price updates, financial data and analyst research. Download the Univest iOS App or Android App for mobile alerts.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decisions. SEBI Registration: INH000012449.
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