The company’s consolidated revenue for Q1 FY26 stood at ₹16,180 crore, down from ₹17,131 crore in the same period last year, representing a 6% decline. Consolidated EBITDA (excluding other income) declined to ₹2,185 crore from ₹2,340 crore in Q1 FY25.
Despite a challenging domestic market, Hyundai’s strong export strategy helped offset the negative impact on overall sales. EBITDA margins declined marginally to 13.3%, down from 13.5%, due to a higher export mix and cost control measures.
Total sales for Q1 FY26 amounted to 180,399 units, reflecting a YoY decline of 6.1% compared to 192,055 units in Q1 FY25 and 191,650 units in Q4 FY25.
The domestic market continued to face macroeconomic challenges that impacted consumer demand. Domestic sales fell to 132,259 units, representing a YoY decline of 11.5% from 149,455 units.
Exports emerged as a bright spot, with volumes increasing to 48,140 units in Q1 FY26—a YoY growth of 13.0% from 42,600 units in Q1 FY25, and up from 38,100 units in Q4 FY25. Hyundai attributes this strong export performance to its strategic focus and global appeal.
“We continued our stated strategy of ‘Quality of Growth’ in the first quarter of FY26 with a balanced approach between domestic and exports, market share, and profitability. This strategy helped us sustain a strong EBITDA margin of 13.3% during the quarter, despite a tough macro-economic environment,” said Unsoo Kim, Managing Director.
In terms of vehicle type, SUVs continued to dominate Hyundai’s domestic sales: SUVs accounted for 69% of the domestic volume in Q1 FY26 (same as Q4 FY25, up from 67% in Q1 FY25), with 90,531 units sold. Hatchbacks made up 18%, down from 21% in Q1 FY25, with 24,118 units sold (28,061 in Q4 FY25). Sedans contributed 13%, slightly higher than 12% in Q1 FY25, with 17,610 units sold (19,307 units in Q4 FY25).
Fuel mix
Hyundai’s domestic fuel mix showed a notable shift: Petrol vehicle share declined from 72% in Q1 FY25 to 63% in Q1 FY26. CNG vehicles rose from 11% to 16% over the same period. EVs saw gradual growth, from 0.01% in Q1 FY25 to 1.4% in Q1 FY26. Diesel remained relatively stable, holding around 16–20%.
Outlook
“Moving forward, we anticipate a gradual recovery in domestic demand sentiments, driven by the onset of the monsoon and festive season, coupled with government policy measures. On the exports front, we are confident of maintaining positive momentum, in line with our growth commitments,” added Kim.