Maruti Suzuki Q4 Results 2026: Date, Revenue, PAT & Analyst Outlook

Wed Apr 01 2026

Maruti Suzuki Q4 Results FY26 — Board meeting on April 25, 2026 (Expected)

The Maruti Suzuki Q4 results 2026 is set to be one of the most closely watched earnings events of the April-May 2026 results season. With results scheduled for April 25, 2026 (Expected), investors and analysts across brokerages are building their expectations around revenue, PAT, margin trajectory, and what management will say about FY27.

Maruti Suzuki enters Q4 FY26 at a CMP of ~Rs. 11,900, against a 52-week high of Rs. 13,680 and a 52-week low of Rs. 10,650. The one-year return stands at -4%, making this quarter’s result and guidance commentary particularly important for investors deciding whether to hold, add, or exit.

This article covers the Maruti Suzuki Q4 results 2026 date, earnings estimates, key factors driving performance, five risks to watch, analyst ratings and price targets, and a full set of FAQs around what investors are searching for ahead of the announcement.

Table of Contents

Maruti Suzuki Q4 Results 2026 Date

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The Maruti Suzuki Q4 FY26 results date is April 25, 2026 (Expected). The board of directors will meet to approve the audited financial statements for the quarter and full financial year ended March 31, 2026. The board will also consider recommending a dividend for FY26 shareholders, subject to approval at the upcoming Annual General Meeting.

Here is how the broader Q4 FY26 earnings calendar looks for large-cap Indian companies in April–May 2026:

Company	Q4 FY26 Results Date
TCS	April 9, 2026
HDFC Bank / ICICI Bank	April 18, 2026
HCL Technologies	April 21, 2026
Infosys	April 23, 2026
Maruti Suzuki	April 25, 2026 (Expected)

Source: BSE/NSE exchange filings, April 2026. Expected dates may change. Verify before relying.

Why This Quarter Matters

Every quarterly result tells a story, but Maruti Suzuki Q4 FY26 carries more weight than a routine earnings print. Maruti Suzuki Q4 FY26 results are likely to be the auto sector’s highlight of the earnings season.

The market is also watching closely because Q4 is the full-year wrap-up quarter — meaning the annual results, dividend recommendation, and FY27 outlook commentary all arrive on the same date. Management tone on demand environment, pricing, and deal pipeline will shape investor expectations for the next 6–12 months, not just the next quarter.

Maruti Suzuki Q4 FY26 Earnings Estimates

Maruti Suzuki Q4 FY26 — Revenue, PAT, margin and growth estimates from leading brokerages

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Here is what leading brokerages are estimating for Maruti Suzuki Q4 FY26 results:

Metric	Q3 FY26 (Actual)	Q4 FY26 (Estimate)
Revenue (Rs. Cr)	37,492	Rs. 38,500 – 41,000
Net Profit / PAT (Rs. Cr)	3,736	Rs. 3,900 – 4,500
Margin	EBITDA 13.2%	EBITDA 13.5 – 14.5%
CC / Volume Growth	Prior quarter	+6–10% Revenue YoY (est.)
Dividend (FY26)	Rs. 125/share (FY25 final)	Rs. 135 – 150/share FY26 (est.)

Estimates compiled from MOFSL, YES Securities, JM Financial. Actual figures from NSE/BSE filings. Verify before investing.

The estimates above represent analyst consensus. Actual results could diverge — positively or negatively — based on one-time items, currency movements, and sector-specific developments. The key number to watch, beyond the headline PAT, is management’s commentary on FY27 guidance.

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5 Key Factors That Will Drive Maruti Suzuki Q4 FY26 Performance

Q4 Volume Performance — Seasonally Strong Quarter

Q4 (January–March) is historically Maruti Suzuki’s strongest sales quarter. In Q4 FY25, the company sold approximately 5.6 lakh vehicles. Analysts expect Q4 FY26 volumes to be 5.8–6.1 lakh units — a 4–9% YoY increase — driven by new model launches and rural market recovery supported by good rabi crop output.

SUV Segment — Grand Vitara, Jimny, Invicto Performance

Maruti’s entry into the SUV and mid-size premium segments has been a key strategic shift. The Grand Vitara continues to be among the top-selling SUVs. The Jimny 5-door and Invicto (co-developed with Toyota) have opened new price points. SUV mix improvement drives average selling price higher and is the primary margin expansion lever.

Export Recovery and Japan Parent Synergy

Maruti exports to over 100 countries with Suzuki Japan as the anchor buyer. Q4 export volumes — which had been soft in FY26 due to global logistics disruptions and market-specific demand weakness — are expected to recover. Any export volume above 85,000 units quarterly would be a positive signal.

EBITDA Margin Improvement

Q3 EBITDA margin was 13.2%. Q4 typically benefits from higher volumes spreading fixed costs and better commodity prices (steel, aluminium). Analysts forecast EBITDA margin expanding to 13.5–14.5% in Q4, driven by operating leverage and reduced discounting pressure given inventory normalisation across dealerships.

EV Readiness — e Vitara Launch

Maruti Suzuki is preparing to launch its first electric vehicle, the e Vitara, in FY27. Q4 results will include management commentary on the EV launch timeline, charging infrastructure partnerships, and production ramp-up plans. This narrative will increasingly drive institutional investor interest in the stock.

5 Risks to Watch in Maruti Suzuki Q4 FY26

CNG and Hybrid Competition from Tata Motors and Hyundai

Tata Motors and Hyundai have gained significant ground in the CNG and SUV segments — traditionally Maruti’s home turf. Any loss of market share in the entry-level CNG segment or the mid-size SUV space would signal competitive erosion.

Rural Demand Sensitivity to Monsoon

A large portion of Maruti’s retail sales comes from rural India. While the rabi crop season supports rural incomes, any weakness in kharif 2026 or below-normal monsoon forecasts could dampen rural demand expectations for FY27, creating a stock overhang.

Commodity Price Volatility

Steel, aluminium, and semiconductor prices directly impact Maruti’s cost structure. A sudden spike in any of these commodities in Q4 would compress EBITDA margins from the expected 13.5–14.5% range, especially if retail price increases are not passed on to consumers.

Delayed EV Strategy Execution

Maruti has been slower than domestic rivals (Tata Motors, Hyundai) and global peers in scaling EV production. Any further delay in the e Vitara launch or a weak response from consumers due to insufficient charging infrastructure would sustain the EV narrative discount that some institutional investors apply to Maruti’s valuation.

Import-Dependent Components Post Tariff Changes

Maruti Suzuki imports certain components and completely built units (CBUs) that are subject to import duties. Any changes in import tariff structures under the new trade policy environment could affect both product pricing and margin structure.

Maruti Suzuki Share Price and Analyst Ratings

Maruti Suzuki share price snapshot and analyst ratings heading into Q4 FY26 results

Maruti Suzuki shares are trading at ~Rs. 11,900 as of late March 2026. The 52-week high stands at Rs. 13,680 and the 52-week low at Rs. 10,650. One-year return is -4%, against a market cap of ~Rs. 3.70 Lakh Cr.

Here is where leading brokerages stand on Maruti Suzuki heading into Q4 FY26 results:

Brokerage	Rating	Target Price	Key Thesis
Motilal Oswal	Buy	Rs. 13,500	Volume recovery + SUV mix shift
CLSA	Outperform	Rs. 13,800	New model cycle driving market share gains
UBS	Buy	Rs. 13,200	Hybrid strategy + export ramp
JM Financial	Add	Rs. 12,800	Q4 typically seasonally strong; rural demand recovery

Source: Publicly available analyst notes, March–April 2026. For informational purposes only.

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Conclusion

Maruti Suzuki Q4 FY26 results are likely to be the auto sector’s highlight of the earnings season. With Q4 seasonally the strongest quarter, volumes of 5.8–6.1 lakh units, revenue of Rs.38,500–41,000 crore, and EBITDA margin expansion to 13.5–14.5% are all achievable. The stock at Rs.11,900 — down 4% in one year — has underperformed the broader market due to EV narrative concerns. A strong Q4 print combined with a credible e Vitara launch timeline could be the catalyst for a significant re-rating.

This article is for informational and educational purposes only. Investments in securities are subject to market risk. Please read all related documents before investing. Past performance is not indicative of future results.

For more Q4 earnings previews across IT, banking, auto, and pharma sectors, visit Univest Blogs.

Frequently Asked Questions

What is the Maruti Suzuki Q4 results 2026 date?

The Maruti Suzuki Q4 results 2026 date is April 25, 2026 (Expected). The board will meet to approve the audited Q4 FY26 financial results — covering the quarter ended March 31, 2026 — and will consider a dividend recommendation for FY26.

What is the Maruti Suzuki Q4 FY26 PAT estimate?

Analysts estimate Maruti Suzuki Q4 FY26 net profit (PAT) in the range of Rs.Rs. 3,900 – 4,500 crore. This estimate is based on revenue assumptions of Rs.Rs. 38,500 – 41,000 crore and a margin of EBITDA 13.5 – 14.5%. Actual results may differ from these consensus estimates.

What is Maruti Suzuki’s current share price ahead of Q4 results?

Maruti Suzuki shares are trading at approximately ~Rs. 11,900 as of late March 2026. The 52-week high is Rs. 13,680 and the 52-week low is Rs. 10,650. The one-year return is -4% and the market cap stands at ~Rs. 3.70 Lakh Cr.

Will Maruti Suzuki declare a dividend in Q4 2026?

Maruti Suzuki is expected to consider a dividend recommendation at the April 25, 2026 (Expected) board meeting. FY26 dividends paid so far total Rs. 125/share (FY25 final). Analysts estimate the Q4 final or additional dividend at Rs. 135 – 150/share FY26 (est.) per share, subject to board approval and shareholder ratification at the AGM.

Which analysts have a Buy rating on Maruti Suzuki before Q4 results?

Motilal Oswal (Buy, TP: Rs. 13,500); CLSA (Outperform, TP: Rs. 13,800); UBS (Buy, TP: Rs. 13,200); JM Financial (Add, TP: Rs. 12,800). These ratings are based on publicly available analyst notes from March–April 2026. They are for informational purposes only and not a recommendation.

What were Maruti Suzuki Q3 FY26 results?

Maruti Suzuki Q3 FY26 results showed revenue of Rs.37,492 crore and PAT of Rs.3,736 crore. Margins were at EBITDA 13.2%. Q4 is expected to show a different picture — review the estimates table in this article for full expectations.

When do Infosys and TCS announce Q4 results 2026?

TCS Q4 results 2026 date is April 9, 2026. Infosys Q4 results date is April 23, 2026. HCL Technologies reports on April 21. Read full Q4 previews for all these companies on Univest Blogs.

Is Maruti Suzuki a good investment ahead of Q4 results?

This depends on your risk appetite, investment horizon, and portfolio context. Maruti Suzuki has both compelling factors and genuine near-term risks — both are covered in detail in this article. Consult a SEBI-registered financial advisor before making any investment decision. Use the Univest Screener to assess Maruti Suzuki fundamentals independently before investing.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE/BSE filings, MOFSL, YES Securities, JM Financial, Screener.in and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.