Material costs had started to increase in the first quarter of 2026-2027 and were seriously aggravated during the war, the company said in a statement.
As a result, Maruti’s first quarter net profit declined 10.8 per cent to Rs 3,352.1 crore from Rs 3,758.1 crore in the same period last year.
The company’s total sales volume grew by 29.3 per cent in the first quarter over the same period of the previous year. Domestic small cars sales grew by 34.1 per cent, SUVs by 44.6 per cent and exports by 28.6 per cent.
Domestic market share of the Company increased by 2.3 percentage points to 41.2 per cent in the first quarter.
Higher sales were possible because the company commissioned its second plant in Kharkhoda. Despite increased sales, the network inventory level at the end of quarter was only about 13 days, the statement added.
The company’s net sales increased 36 per cent to Rs 49,959.1 crore in the first quarter from Rs 36,620.6 crore in the same period last year.